Tuesday 30 August 2011

GBP/USD Trade (29 Aug - 2 Aug)

GBP/USD 30 min

Saddle point, first break fractal no 1, buy at 1.6418, got stopped out at 1.6394, -24 pips loss

Then stop and reverse, sell at 1.6394, got out at 1.6312, +82 pips profit... From 117 pips floating profit then rebound more than 30 pips, so i just closed it, guess it hard to wants what the market wants.. lol

Update
GBP/USD 30 min

Price keeps coming down, hmm.. if I use my trailing stop I'd be still in the market, no divergence, should've waited a bit longer and trail the stop, but didn't have the guts back then, can't really complain.. oh well until next opportunity..

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