STATE OF PLAY (Target/stop loss 20/30 on GBPUSD & EURJPY, 40/60 on GBPJPY; capital £20,000, 1.5% risk per trade)
Price Action notes (15 min candles; double stops/targets & half stakes; daily cumulative in brackets; daily target £300)
GBPUSD - NO TRADE AS LONG BEFORE 7AM
EURJPY - LONG FROM 161.64, TARGET 30 PIPS ACHIEVED
GBPJPY - LONG FROM 203.34, TARGET 60 PIPS ACHIEVED
EURUSD - LONG FROM 1.5545, TARGET 30 PIPS ACHIEVED
Daily target of 60 pips achieved (EURUSD 30+ PIPS, EURJPY 30+ PIPS, GBPJPY 60+ PIPS) or £300 (today much more was available!)
System II
GBPJPY BUY @ 203.34, 40 pip profit
EURJPY BUY @ 161.84, 20 pip profit
May cumulative 80 pip profit (£425).
Daily pivots: GBPUSD 1.9521, EURJPY 162.08, GBPJPY 203.51
Tuesday, May 20, 2008
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