Tuesday, October 6, 2009

Don't miss it!


First trade of the day was the break higher from the 5am inside bar, i took this trade, getting long at 15983, stop at 15963 50p per point.

The trade went about 20 pips in favour before pulling back, i was able to redue the loss a little as the 6am bar had a low of 15971 so couil move the stop to 15968. This ended in a loss of 15 pips or -£7.50

There was another IB 10am bar, wiith the high of 15971, 4 point below the 6am open i could've gone long on any breakout here as this would have gone above open on entry, but the low of the IB was also just about touching the 50ma so going short would have also fitted the critieria for a trade. i chose to do nothing and cable proceeded to fall below 159 before bouncing back up for what would have been a 20 odd pip profit.

On to the next trade and i must take this one!!!

Open Bal £153

P&L -£7.50

Close Bal £145.5

No comments: