GBP/USD Position week 1

My first trade using daily.. weww, nice move, woohooo!! I

As i said before (look GBP/USD view), buy if it breaks the up fractal around 1.6110..
I bought a lil bit higher though at 1.6131...Well the market moves as expected..
Let's ride the trend and i"ll use the red line as my protective stop loss...











17 nov 2010 (update) close position

Hit my stop loss at 1.5950, a total loss of 181 pips.

Hmm.. Daily trade, less work and monitor to do but with a bigger whiplash...

If it breaks the last up fractal, i'll jump back in...

Let's try trading with the 4 hourly chart....