Hello again my friends,
Today's tradeS were a little tricky because there were 2 taken by me and one of them is still open and I'll explain why:
First is GBP/USD:
Because of the pattern that formed at entry point I decided to use only a 5 pips profit target for this pair.
9.30AM GMT: BUY 2 lots @ 1.9818
Target hit in less than 5 minutes: 1.9823 (than price retraced a lot as I thought)
Profit from this pair: 5 pips x 2 lots x $10 per pip = $100
Second pair is USD/JPY (tricky one):
Well, this pair gave a perfect signal, BUT the price went a little crazy.
The important thing is that the SL was never reached. I was not lucky to have 0 spread today and I had 1 and price bounced from my target of 5 pips so I decided if the price won't hit my SL to stay in market until my target is hit and right now I'm open with SELL order with 2 lots since 107.80
So target is: 107.75 and I'am pretty sure will be hit soon because of the momentum that gave Yen power to drag all pairs down.
I will get back with screenshot from profit-moment.
Happy PIPpin' !