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My GBP/USD analysis and trades

Discussion in 'Personal Trade Journals' started by TraderDTS, Feb 8, 2010.

  1. TraderDTS

    TraderDTS Recruit

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    My GBP/USD analysis and trades over 02/01/10 – 02/05/10

    1.1 GBP/USD 60 Result +64 p.p.
    [​IMG]

    The trade is made as follows: when p.4 is hit, an order is set to open position at 1.5935, take profit at 1.5871, stop at

    1.5976 (rule 6i). The ratio of planned profit to potential loss 1/(1+profit/loss)=0.39.

    1.2 GBP/USD 60
    [​IMG]


    The trade is not executed since, according to the rules, position opens after hitting p.4 and closes, in this case, at

    target M. According to the rules, here the stop should be set at level 4/8 (rule 6i), but in this case the ratio of

    potential profit to possible loss (1/(1+profit/loss)=0.65) contradicts the one stated in the rules.

    1.3 GBP/USD 60 Result +102 p.p.
    [​IMG]


    The trade is made as follows: when p.4 is hit, an order is set to open position at 1.5727, take profit at 1.5625, stop at

    1.5790 (rule 6i). The ratio of planned profit to potential loss 1/(1+profit/loss)=0.38.

    1.4 GBP/USD 240 Result +210 p.p.
    [​IMG]

    The trade is made as follows: when p.4 is hit, an order is set to open position at 1.5846, take profit at 1.5636, stop at

    1.6066 (rule 6i). The ratio of planned profit to potential loss 1/(1+profit/loss)=0.51.

    Total Result: + 376 pips!
     

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