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Forex Asia Academy 2009

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Wednesday, April 30, 2008

34 + 1 Pips


There are 2 trades in the above statements.

1. 'Options' Straddle Method on GBP/USD - Net 34 pips
(As I was in NAC, I rushed into the trade not seeing clearly which direction to head for. And thus, I used the 'Options' Straddle Method).
  • Long @ 1.9808, Closed @ predetermined stop loss 1.9777 (-31 pips)
  • Short @ 1.9803, Closed @ predetermined profit take 1.9738 (+65 pips)
2. Powerful Strategy I taught on GBP/USD - 1 pips
  • Short @ 1.9742, Closed @ 1.9741 (+1 pips)

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