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Wednesday, March 26, 2008

My GBP/USD Trade (26-03-2008)


*Attach chart (Before). Click on it for the enlarged version.

Hello everyone,

Today I opened a short position on the GBP/USD at the price line of 1.9970 at 6:57pm (Singapore Time) | 10:57 (GMT).

Price action movement supported by Fast [Ash C Wave] already down, MAs crossing down, [Ash Cross Over] crossed down and [Ash Down Up] Thick Red Bar.

My Stop Loss at 2.0010 (40pips) above my 200ma and Target Profit 1.9865 (105pips) just above yesterday's low. Risk : Reward = 40 : 105 = 1 : 2.6

I have already shifted my Stop Loss to Protective Stop at 1.9969 (1pip in the money)

Will update as this trade goes by :)

Peace and trade safely everyone...

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