1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

ForexEdge Trades... GBP/USD

Discussion in 'Personal Trade Journals' started by 4xEdge, Jun 9, 2009.

  1. 4xEdge

    4xEdge Private

    Joined:
    Jun 2, 2009
    Messages:
    16
    Likes Received:
    0
    On this forum I will be posting my trades, as i enter them... All which will be entered on GBP/USD

    So i will keep everyone posted on my activities...

    -Rudy
     
  2. 4xEdge

    4xEdge Private

    Joined:
    Jun 2, 2009
    Messages:
    16
    Likes Received:
    0
    GBP/USD
    Position: Short
    Entry: 1.6066

    Really strong resistance level

    TakeProfit: 20-30pips
     
  3. 4xEdge

    4xEdge Private

    Joined:
    Jun 2, 2009
    Messages:
    16
    Likes Received:
    0
    Exit: 1.6029
    Profits: 37 pips

    Reason for close: Hit 50 EMA (exponential moving average) on 3min chart
     
  4. 4xEdge

    4xEdge Private

    Joined:
    Jun 2, 2009
    Messages:
    16
    Likes Received:
    0
    GBP/USD
    Position: Long
    Entry: 1.6084

    Buying on support: Expecting small profits
     
  5. 4xEdge

    4xEdge Private

    Joined:
    Jun 2, 2009
    Messages:
    16
    Likes Received:
    0
    Exit: 1.6097
    Profits: 13 pips

    Closed because it dosent look like it wants to break that level
     
  6. 4xEdge

    4xEdge Private

    Joined:
    Jun 2, 2009
    Messages:
    16
    Likes Received:
    0
    GBP/USD
    Position: Short
    Entry: 1.6140

    61.8% Fibonacci Big Picture
     
  7. 4xEdge

    4xEdge Private

    Joined:
    Jun 2, 2009
    Messages:
    16
    Likes Received:
    0
    Exit: 1.6180
    Loses: -40pips

    Broke 100% Fibonacci
     
  8. 4xEdge

    4xEdge Private

    Joined:
    Jun 2, 2009
    Messages:
    16
    Likes Received:
    0
    Hello to everyone...

    Was a very disappointing night yesterday... I missed a very good Short position...
    I should have shorted at 1.6180 (resistance level) for 20-40pips...

    So today my Resistance levels are 1.6430 and 1.6495. From either point i will go Short +/- 5pips and i expect take profit 20-40pips

    And my Support levels... 1.6200 (+/- 5pips) from there I will go long also for 20-40pip take profit

    Any other trades during this time i will post...

    Currently im in a trade..

    Entry: 1.6311 at 21:11
    Going Long GBP/USD

    I'm expecting about 10-20pips: I will exit when I have confirmation
    On 1min chart it gave a low RSI signature, and gave over 61.8% big picture.

    -Rudy
     
  9. 4xEdge

    4xEdge Private

    Joined:
    Jun 2, 2009
    Messages:
    16
    Likes Received:
    0
    Trade Closed: at 1.6355 Reason for close: hit T/P
    Profits: +44pips
     
  10. 4xEdge

    4xEdge Private

    Joined:
    Jun 2, 2009
    Messages:
    16
    Likes Received:
    0
    Okay... I entered another trade

    Long on GBP/USD

    Entry at 0.10 at 1.6354

    Reasons for entry: 3min Strong RSI support and Moving average direction, 1min Hit 50% Fibonacci small picture and 61% big picture

    Take profit : This may sound far fetched but I'm looking at 1.6465 but at any time i have confirmation i will close

    -Rudy
     

Share This Page