My GBP/USD Trade (23-05-2008) --- Update (1)

*Click on the chart for the enlarged version.

Hello everyone,

To follow up on my previous trade [My GBP/USD Trade (23-05-2008)].

Today, 29-05-2008, at around 10:00pm (Singapore Time) | 02:00 (GMT), I have shifted my Stop Loss to Protective Stop at the price line of 1.9820 (10pips in the money). The reason on why I shift my Stop Loss to Protective Stop is that I am a little conservative due to price is unable to clear below [Ash Weekly Pivot] and currently, GBP is stronger than EUR. You can take a look at EUR/GBP (1 hour) chart to see what I mean.

Currently, I am about 60pips in the money. Let's see how it goes. Will update as this trade goes by.

Peace and trade safely everyone...