Forex Trading Signals

  • EUR/CAD - Buy @ 1.58 zone
  • EUR/JPY - Sell @ 130 level - Buy @ 120 or lower
  • AUD/USD - Buy @ 63 Zone - Sell @ 70 Zone
  • USD/CAD Buy @ 1.20 Zone - Sell @ 1.30 Zone
  • EUR/CHF - Buy At 1.46 to 1.48 zone
  • USD/CHF Sell @ 1.18 to 1.20 zone
  • GBP/USD - Sell @ 1.50 zone - Buy @ 1.34 zone
  • GBP/JPY - Sell @ 140 zone
  • EUR/USD - Buy @ 1.24-1.26 zone

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Monday, January 5, 2009

GBP/USD: Long @ 1.4481 is up 130 pips


I went long on this pair just yesterday and I'm happy to find it up 130 pips a nice turnaround appears to be in the works for the pound and it's at a good deal right now considering all the selling that's been going on
I have locked in 50 pips profit stop
Posted by FX_Trader at 10:34 AM
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3 comments:

  1. InfinityDoseJanuary 5, 2009 at 9:48 PM

    I jumped in on this too with 2k micro lots, it looks like this pair has bottomed.

    I'm guessing this hit your profit stop, but what stop loss did you set when you went in?

    I set a stop at 1.43357.

    I'm thinking of shorting the USD on other pairs too, ahead of the non-farm payroll release on the 9th.

    ReplyDelete
  2. FX_TraderJanuary 5, 2009 at 10:12 PM

    i generally set my stop 200 pips below the lowest low or below my entry

    good job spotting the bottom. May be a bit early to tell if it's a bottom but I feel it is close enough to a bottom to take the risk

    Cheers

    ReplyDelete
  3. FX_TraderJanuary 5, 2009 at 10:17 PM

    My stop has not been hit yet

    Set at 1.4531

    ReplyDelete

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