Target reached for Gbp/Usd at 1.5062. Profit 71 pips.

Looking for better opportunities ahead.

Cheers

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Sell Gbp/Usd @ 1.5133.. Stops @ 1.5163. Target 1.5062.

Hope we have a great day ahead.

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My limit order was filled at 1.3635.

82 pips profit for now.

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Shifting stops to Breakeven on my reversed long trade.

Placed limit order to close @1.3635.

Cheers.

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Exit Eur/Usd trade @1.3553.

Reversed and went long @ 1.3553, stops @ 1.3523.

Looking forward to another good day.

Cheers

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If price closes above 1.3563 at 2pm GMT, will exit the position on anything below 1.3563.

If it is lower, will watch further for 1.3525 but protective stop stays at 1.3585.

Cheers

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My stops are shifted lower to 1.36 even to protect the short order made from @ 1.3633.

Look forward to have a great day.

Cheers..

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?Was stopped out of my earlier trade at 1.3633, current short @ 1.3633. Stops currently shifted to entry level at 1.3633.

Followed rules. 1.3525 is my first exit target.

If stops are taken out again, will rest for the day.

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Stops are at 1.3633.

Jobless claims looks good for US jobs data tomorrow, and Trichet is currently on the newswire. As mentioned yesterday, we oughta keep a close look on his activities lately. can view it now at http://www.thomson-webcast.net/de/dispatching/?ecb_100304_stream_video

Let’s see if this effort to poke into the market could unfold well. Though I am aware that there’s an event risk, but there is this possibility that the event could be a trigger for Eur/Usd to break out of its range.

On the high side for the day, 1.3785 is my tentative target.

See you all on the other side.

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Market spiked up right after stop was done. Suspended from further trading today.  Total 60 pips losses.

Let’s take a look at what I have done. There were a few mistakes made in today’s trades.

Trade 1: First Wave Entry

1. Followed my plan to short at 61.8% of ‘expected’ Wave 1.
2. Was unaware that EZ data was about to be announced. I should had watched closely for data, as the uneasiness in the EZ lately has sent chills to market participants. Should look out closely for data.
3. Though it spiked near my stop, was glad I followed rules.
4. Should I have taken the stop and reverse trade?

Trade 2: Stop and Reverse

1. Could have inculcated a filter for trades like this.
2. The market seems to be watching than pricing it.
3. Should I be more conservative for breakout trades like this? Or my current stop strategy is appropriate?

Will think of more inputs over time.

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