Thursday, May 8, 2008

STATE OF PLAY (Target/stop loss 20/30 on GBPUSD & EURJPY, 40/60 on GBPJPY - wait for 1 min conf on system 1; capital £20,000, 1.5% risk per trade)

System I
CLOSED - GBPUSD BUY @ 1.9540, 20 pip profit
CLOSED - EURJPY BUY @ 160.00, 20 pip loss
CLOSED - GBPJPY BUY @ 203.96, 60 pip loss
May cumulative 20 pip loss (£0).

System II
CLOSED - EURJPY BUY @ 160.14, 30 pip loss
CLOSED - GBPUSD BUY @ 1.9539, 20 pip profit
CLOSED - EURJPY SELL @ 159.68, 20 pip profit
CLOSED - GBPJPY SELL @ 203.27, 40 pip profit
CLOSED - GBPJPY BUY @ 203.76, 40 pip profit
May cumulative 145 pip profit (£825).

Daily pivots: GBPUSD 1.9575, EURJPY 161.62, GBPJPY 205.24

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