I have moved this blog to the new site at (1) www.KoonLip.com, where I continue to chronicle my life journey after 26, and (2) www.ForexAsiaAcademy.com, where you see my graduates LIVE results.
Forex Asia Academy 2009
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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