Wednesday, May 14, 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 @ 1.9418, 10 pip profit
CLOSED - EURJPY BUY @ 162.25, 20 pip profit
May cumulative 216 pip profit (£1,335).

Daily pivots: GBPUSD 1.9483, EURJPY 161.49, GBPJPY 203.11

No comments: