25 September 2008

GBP/USD SELL @ 1.8471 + 10 pips profit

Hello again my friends,

It seems markets started to move a little since Buffet bought $5Bn of shares on Wall Street so I must thank him for this because we had another great trade today.

Here is the chart:

We are talking about GBP/USD, the pair that gives most of signals and profit on my strategy.

Entry: SELL only 1 lot @ 1.8471
Stop Loss: Didn't have time to set it
Target HIT in less than 5 minutes.

Profit: 1 lot x 10 pips x $10 per pip = $100

Why I entered with only 1 lot ? Because there was no TL broken. I wanted to be careful and I was right. Break of RegChan and a 38.2% Fibonacci (draw in Daily) level.

GBP/USD ranged in the past days, but today that situation ended fast. Let's hope more signals will follow next week.

Tomorrow is Friday so be careful, it will be very tricky.

Happy PIPpin' !