Wednesday, March 31, 2010

GBPAUD Live Trade

Hi Everyone

Todays live trade is detailed below

Reasons for Entering
  • I have a theory regarding the pound that its going to keep seeing buyers until the election is called/ and or run and won, market is short but I feel more short covering is coming
  • Recent price action has been unable to break the bottom at 6380ish
  • The aussie is very long and needs a rest, its probably not going to get one, but some pullback is coming at least prior to next tuesday meeting of the RBA.
  • Bullish continuation candle on todays daily close
  • MACD still in bullish uptrend after profit take pullback
Entry -1.6390
Stop Loss 1 -1.6355
Stop Loss 2 -1.6295
Profit 1 -1.6445
Profit 2 -1.6505
Profit 3 - 1.6550
 
Update 1 - Admin Fee achieved

Update 2 - Break even achieved

Update 3 - Take Profit 1 triggered

Update 4 - Take Profit 2 triggered

Update 5 - Take profit 3 triggered

Update 6 - Runner left in place with break even

Update 7 -  Stop moved to 1.6500

Update 8  - Stop moved to 1.6550

Update 9  - Trade Closed

4 comments:

  1. hi Ironman , on which time GMT do you usualy post the trades? do you post them already after they were done or before?

    ReplyDelete
  2. I trade the daily candle close mostly so this coincides with the tokyo open which is 0:00 GMT

    Simon

    ReplyDelete
  3. and the post in blog is posted in 0:00 GMT or several hours later?

    ReplyDelete
  4. Have you considered that I might have other business interests and other things to do than just post in the blog. I write them up in the blog when and if I have time

    ReplyDelete