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CobraFX Discussion
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Member Since Mar 03, 2011 32 posts
CobraFX (cobraforex)
Mar 04 2011 at 06:51
Today is March 4 and there is a good trade of GBP. The trend is up. If GBP is back to 1.6260 in the next 2 hours, I will open my long position with stop loss 1.2640 and target for profit is 1.6330.
Please follow me to watch my trading live At least 50% gain a month |
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Member Since Mar 03, 2011 32 posts
CobraFX (cobraforex)
Mar 04 2011 at 08:37
(edited Mar 04 2011 at 08:39 )
The strategy should be buy at 1.6245 with stop loss 1.6215 instead of 1.6260. Need to learn from this by waiting for reversal candle on 15M chart before placing buy position
At least 50% gain a month |
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Member Since Mar 03, 2011 32 posts
CobraFX (cobraforex)
Mar 04 2011 at 10:26
(edited Mar 04 2011 at 10:28 )
GBP is back, If it breaks the 1.6290 then we will more stop loss to break even and GBP will move to 1.6350 area. For anyone who longs at 1.6240, you can more your stop loss to break even now.
At least 50% gain a month |
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Member Since Mar 03, 2011 32 posts
CobraFX (cobraforex)
Mar 04 2011 at 10:52
(edited Mar 04 2011 at 10:52 )
5M chart trend is strong, follow it and I hope that GBP breaks 1.6290
At least 50% gain a month |
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Member Since Mar 03, 2011 32 posts
CobraFX (cobraforex)
Mar 04 2011 at 11:12
(edited Mar 04 2011 at 11:14 )
NFP is going to release and GBP cannot break 1.6275. I take 10 pips profit. If I was patient, I would got 30 pips today
At least 50% gain a month |
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Member Since Jan 26, 2011 28 posts
Jacques Booysen (HellboyFX)
Mar 04 2011 at 12:00
Thanks for your posts
As you say - NFP might put some selling pressure on GBP shortly.. I'm shorting here for possibly 20 - 40 pips Look forward |
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Member Since Mar 03, 2011 32 posts
CobraFX (cobraforex)
Mar 04 2011 at 12:34
Hi HellboyFX,
GBP is moving in a range of 60 pips. It is not safe to trade during NFP release because you can lose a lot. Try to reserve your capital first At least 50% gain a month |
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Member Since Mar 03, 2011 32 posts
CobraFX (cobraforex)
Mar 04 2011 at 12:42
NFP is going to release and I am looking to long GBP around 1.6175
At least 50% gain a month |
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Member Since Jan 26, 2011 28 posts
Jacques Booysen (HellboyFX)
Mar 04 2011 at 12:50
NFP only in 40 minutes time though..
Look forward |
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Member Since Jan 26, 2011 28 posts
Jacques Booysen (HellboyFX)
Mar 04 2011 at 12:54
and 30 pips in th bag..
Look forward |
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