Monday, February 13, 2012
Sell Setup GBPUSD H4
The pair bounces off a falling trendline and 25 EMA on H4 or 100 hour EMA. Shorted it at 1.58033 targeting Friday's low.
Monday, February 06, 2012
Cleared All GBPUSD Short
Today the pair made a new low. My total p/l for cable turned positive and I decided to close them all.
To summarize, my initial entry position floated for 5 days. Max draw was 220p. I got 8 other entries along the way to keep up with the drawdown. And my MM was sound enough. Apparently.
What's next? Well, my initial target is still 130p away actually. And I think cable still weakening. So I might short it again later.
To summarize, my initial entry position floated for 5 days. Max draw was 220p. I got 8 other entries along the way to keep up with the drawdown. And my MM was sound enough. Apparently.
What's next? Well, my initial target is still 130p away actually. And I think cable still weakening. So I might short it again later.
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