17 December 2008

17-Dec P3

Lots of action today, Maybe I need to figure out a better T/P level, but for now, its ok as long as I can watch the market.

Anyway, I entered the USDCHF, and decided to exit, I did not like where everything was at
USDCHF sell @ 1.0997, close at 1.1002, - 5 pips

My Second GBP was Trailing stopped
GBPUSD, Trailing stop at 1.5400, + 64 pips

Once I saw the price looked like it was going to come back around, I opened another .3 lot, when meaning to open a .5 lot. Lesson learned, make sure lot size is right

Anyway, here are my two open GBP trades
.3 lots GBPUSD, buy @ 1.5393, S/L at 1.5343 (50 fib on m15), T/P still at 1.5800 with a 45pt trailing
.5 lots GBPUSD, buy @ 1.5383, S/L at 1.5343 (50 fib on m15), T/P still at 1.5800 with a 45pt trailing

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