Wednesday, August 4, 2010

trade for today - GBP/USD

So i was waiting for an entry point for a long position on the cable, which i got once the moving averages crossover'd.

I bought GBP/USD at 1.5941. Kept a stoploss at the previous low of 1.5914. and a Take profit level at 1.6000. Of course if i feel i need to get out earlier i'll do so.
This is a intra-day trade, so i plan to get out of this position once Asia session ends.

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