My GBP/USD Trade (05-03-2008)

*Attached chart. Click on it for the enlarged version.

Hello everyone,

I did a short on the GBP/USD (05-03-2008) at the price line of 1.9810 at 3:22pm (Singapore Time) | 6:22am (GMT).

I saw that, my chart pattern, broke out of my wedge and broke the weekly pivot. Plus my secret analysis.

My stop loss is at 1.9844 (34pips) and target profit 1.9710 (100pips). Risk : Reward = 34 : 100 = 1 : 2.94

When I was in around 53pips in the money, shifted my stop loss to protective stop at 1.9809 (1pip in the money)

Got stop out at 1pip profit at (05-03-2008) 6:51pm (Singapore Time) | 10:51am (GMT).

Peace and trade safely everyone...