20/4/2011 – GBPUSD Long +102 so far…

Just a quick piece on a long trade in GBPUSD which was triggered last night.  See the attached chart.

This was a Growth trade, had been set on Sunday and was triggered yesterday (Wednesday) afternoon taking me long at 1.6435. I had missed an opportunity to take an extra position based on my rules earlier in the week, however these things happen.

Overnight Sterling has strengthened and late this morning my first target was hit at 6537 for +102 pips.

The stop has not been moved as of yet but with an extended holiday period coming up I may well look to tighten up.  I also suspect we’ll see a lot of profit taking from this run over the next few hours.  So let’s see how it plays out.

Will keep you posted. Trade well,

FXTraderPaul

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About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

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  1. 26/04/2011 – Stopped out on Cable +25 « FXTrader Adventures - April 26, 2011

    […] I hope you all had an enjoyable Easter weekend.  I carried this position through the weekend and was stopped out early today.  I had considered closing the position before the holiday but just decided to stick with my plan and follow my trailing stop as per normal.  You may remember from my previous post that after triggering the position hit T1 for +102 points and my stop was trailed as per the rules. You can read about that trade by clicking here. […]

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