My GBP/USD analysis and trades

TraderDTS

Active Trader
Dec 13, 2009
11
1
34
My GBP/USD analysis and trades over 02/01/10 – 02/05/10

1.1 GBP/USD 60 Result +64 p.p.
image001.jpg


The trade is made as follows: when p.4 is hit, an order is set to open position at 1.5935, take profit at 1.5871, stop at

1.5976 (rule 6i). The ratio of planned profit to potential loss 1/(1+profit/loss)=0.39.

1.2 GBP/USD 60
image002.jpg



The trade is not executed since, according to the rules, position opens after hitting p.4 and closes, in this case, at

target M. According to the rules, here the stop should be set at level 4/8 (rule 6i), but in this case the ratio of

potential profit to possible loss (1/(1+profit/loss)=0.65) contradicts the one stated in the rules.

1.3 GBP/USD 60 Result +102 p.p.
image003.jpg



The trade is made as follows: when p.4 is hit, an order is set to open position at 1.5727, take profit at 1.5625, stop at

1.5790 (rule 6i). The ratio of planned profit to potential loss 1/(1+profit/loss)=0.38.

1.4 GBP/USD 240 Result +210 p.p.
image004.jpg


The trade is made as follows: when p.4 is hit, an order is set to open position at 1.5846, take profit at 1.5636, stop at

1.6066 (rule 6i). The ratio of planned profit to potential loss 1/(1+profit/loss)=0.51.

Total Result: + 376 pips!
 

Amna Joseph

Banned
Mar 1, 2010
30
0
0
Yea, i could see an interesting pattern out here today. This is actually because of the fundamental news that is released that the GDP beat expectations and rose by an annualized 4.0% in the fourth quarter of last year fueled by an increase in retail sales, consumer spending, exports and robust housing sector.