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Forex Asia Academy 2009

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Thursday, January 24, 2008

Magical 64 pips


I started my first trade on my trip to my meeting on the train! I captured 64 pips on GBP/USD.

GBP/USD - Long @ 1.9516, Closed @ 1.9580 (64 pips)

After closing the trade, I tried my 'straddle' forex strategy. Today the strategy failed me as I placed my stop loss too close. If I extend 5 more pips on the Long trade, I could have profited another 64 pips!!!

GBP/USD
Short @ 1.9580, Closed @ 1.9607 (27 pips)
Long @ 1.9584, Closed @ 1.9554 (30 pips)

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