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 (suspended due to higher volatility/wider ranging/spikes; will give out high5 & triple breaks as wider stops))
Pending - GBPUSD BUY @ 1.9500
Pending - EURJPY SELL @ 159.10
Pending - GBPJPY SELL @ 200.80
May cumulative 50 pip loss (£300L).
System II
CLOSED - GBPJPY BUY @ 201.66, 40 pip profit
CLOSED - EURJPY BUY @ 159.60, 11 pip profit
May cumulative 186 pip profit (£1,035).
Daily pivots: GBPUSD 1.9516, EURJPY 159.31, GBPJPY 201.26
Monday, May 12, 2008
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