GBPUSD Trade Setup - 28 Feb 2011

Price broke the previous high (1.6114) and bounce off from the short term TL which shown sign of bearish steam is over. I placed an buy order at 1.6140. Trade triggered within minute.

EP: 1.6140

SL: 1.6080

TP: 1.6250

Trade update: 50% profit closed at 1.6200
Trade update: TP hit. 120pips

GBPUSD - 25 Feb 2011

After seeing price failed to close upwards along the TL. I placed a pending sell order below the red engulfing candle. Within 25 minutes, my trade got triggered at the price of 1.6110. I will close 50% of my profit if price hit 1.6030 and will move SL to BE.

EP: 1.6110
SL: 1.6170





Trade update: 50% profit closed at 1.6030.

GBPUSD Trade Setup - 24 Feb 2011

After Price failed to break below the trendline with fibonacci retracement level at 78%. I placed a pending buying order at the price of 1.61800 and SL will be slightly lower at the trendline at 1.6140. Ideally, RRR should be 2:1 which defined my TP at 1.6260. However, since the bullish steam has regained, i will take the ride to see how far can it goes. 1.6300 will be the key value to watch.

EP: 1.61800
SL: 1.61400
TP: 1.6260




Trade update: SL hit -40pips

GBPUSD Trade Setup - 21 Feb 2011

Saw almost a triple top setup yesterday (daily chart) with price rejection at 1.6260. On H4 chart, inside bar was formed and thus i placed a pending sell order at 1.6220. SL set at 1.6280. As price is still bullish thus i am watching my profit closely. 1.5960 need to be broken to form a new low else we are still in bull trend.



EP: 1.6220
SL: 1.6280
TP: 1.6090

Trade update: closed at 50% profit at 60pips. Moved SL to BE.
SL hit at 2.53pm SG

GBPUSD Trade Setup - 01 Feb 2011

After watching cable broke Asian high at 0900hrs GMT, i waited patiently for a pull back before going in for a long. With previous support level at around 1.6090, i placed an pending order at 1.6120 after the bullsih engulfing candle formed at 1230hrs GMT. My trade was triggered at 1310hrs GMT.

EP: 1.6120

SL: 1.6080

TP: 1.6180