Support/Resistance & Trend Lines

GBP/USD long @ 1.4825 stopped out.

Yikes, I think this is going to continue to be choppy for the next couple of months to be honest.

Ho hum. Must keep plugging away at it.

I'll short GBP/USD @ 1.4670 with a 60 pip stop
 

Attachments

  • gbpusd16062010.gif
    gbpusd16062010.gif
    17.4 KB · Views: 159
u cant trade any currency pair (i.e. GBP/USD) with a 60 pip stop.

the reference value for your stoploss is the future on your currency pair 12,50$/pip
take a look at my avatar. this is how it works
 
Sunday Orders - 20 June 2010

Open Positions
Short USD/JPY 91.90, stop @ 91.45

EUR/USD
Buy @ 1.2530, 75 pip stop
Sell @ 1.2455, 75 pip stop
Sell @ 1.2295, 60 pip stop

GBP/USD
Sell @ 1.4730, 60 pip stop
Buy @ 1.5025, 100 pip stop

USD/JPY
Buy @ 92.50, 60 pip stop
Sell @ 88.95, 60 pip stop
 

Attachments

  • eurusd20062010.gif
    eurusd20062010.gif
    15.7 KB · Views: 146
  • gbpusd20062010.gif
    gbpusd20062010.gif
    17.9 KB · Views: 153
  • usdjpy20062010.gif
    usdjpy20062010.gif
    17.5 KB · Views: 157
Last edited:
Stopped at 91.30 on USD/JPY

Stop to BE on EUR/USD. I have an order
to close half at 1.2305
 
Order to close half EUR/USD filled.
Half position short from 1.2455 open with stop at BE.


Updated Orders -

EUR/USD
Buy @ 1.2530, 75 pip stop
Sell @ 1.2340, 60 pip stop (forgot to move the entry on this, would have been filled today)

GBP/USD
Sell @ 1.4740, 60 pip stop
Buy @ 1.5015, 100 pip stop

USD/JPY
Buy @ 92.50, 60 pip stop
Sell @ 91.90, 60 pip stop
Buy @ 91.60, 40 pip stop
Sell @ 90.15, 40 pip stop
Sell @ 88.95, 60 pip stop
 
Half off EUR/USD @ 1.2272
Half off GBP/USD @ 1.4705
EUR/USD short from 1.2455 stop to 1.24

Taking some risk off ahead of budget.
 
Now the budget is over and cable closed at
roughly BE I'll reinstate the order to sell @
1.4740 with a 60 pip stop.
 
Current state...

Open Positions
Short EUR/USD half position @ 1.2455, stop @ 1.24
Short EUR/USD half position @ 1.2340, stop @ 1.24

Open Orders
EUR/USD
Nothing near

GBP/USD
Buy @ 1.5015, 100 pip stop
(cancelled sell @ 1.4740 now, setup invalidated)

USD/JPY
Sell @ 91.90, 60 pip stop
Buy @ 91.50, 40 pip stop
Sell @ 90.20, 40 pip stop
Sell @ 88.95, 60 pip stop
 
New Orders
Buy EUR/USD @ 1.2430, 60 pip stop
Sell EUR/USD @ 1.2455, 75 pip stop

Amendments
Buy USD/JPY @ 91.40 (91.50), 40 pip stop
Sell USD/JPY @ 89.05 (88.95), 60 pip stop
Buy GBP/USD @ 1.4985 (1.5015), 100 pip stop

I also have an order in to take half off @ 89.60 on short USD/JPY from 90.20. I'll move my stop to BE (90.20) if that order is filled.
 
USD/JPY order to close half filled. Stop now at BE.
My broker's data says EUR/USD came with .6 pips of being stopped!
 
EUR/USD eventually stopped out yesterday.

GBP/USD and USD/JPY still open.
 
Top