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Saturday, February 2, 2008

145 pips from GBP/USD swing trades!

As mentioned last week, I got a couple of GBP/USD swing trades (since Jan-24 and Jan-25). I played these swing trades rather aggressive (and quite of the averaging mentality) and thus, I didn't place any stop losses.

But earlier, the NFP announcement brought the currency pair down more than 200 pips after 8.30am EST!



GBP/USD - Short @ 1.9775, Closed @ 1.9670 (5 pips in 8 days)
GBP/USD - Short @ 1.9777, Closed @ 1.9677 (No pips in 8 days)
GBP/USD - Short @ 1.9715, Closed @ 1.9683 (+32 pips in 8 days)
GBP/USD - Short @ 1.9777, Closed @ 1.9682 (+95 pips in 7 days)
GBP/USD - Short @ 1.9695, Closed @ 1.9683 (+12 pips in 8 days)
GBP/USD - Short @ 1.9683, Closed @ 1.9682 (+1 pips in 8 days)

Total Net Pips Gained: 145 pips (all standard lots x 5 each) - US$7K++

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