Tuesday, May 13, 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 (suspended due to higher volatility/wider ranging/spikes; will give out high5 & triple breaks as wider stops))
May cumulative 50 pip loss (£300L).

System II
CLOSED - GBPUSD SELL @ 1.9526, 20 pip profit (2 subscribers got this trade!!)
CLOSED - GBPJPY SELL @ 201.75, 40 pip loss (closed at midday)

May cumulative 186 pip profit (£1,035).

Daily pivots: GBPUSD 1.9535, EURJPY 160.53, GBPJPY 202.27

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