Friday 4 September 2009

Message 43

GBP jumped up above the trendline and has settled above it i.e. the trendline is now broken and my stop loss was hit. Maybe I should have taken the 30pip profit that was on offer overnight...but the trade was taken for the correct reasons.

Trade 19
Closed @ 151.81 / -62 pips / -£122.55

NFP news in 35mins which has the 'potential' to move the market some 100 ish pips either way and very quickly. I have a limit order to sell just below the minor resistance falling trendline at 1.4330 with 100pip SL. Will look to buy if the price reacts down and the 1.4200 support line holds.