Wednesday, March 20, 2013

Cable UPDATE: 20/03/2013 11:02hrs

GBP / USD:

Both orders have been triggered and I was short from 1.5065 with 1% exposure to the market.

Price moved down to a low of 1.5025 pushing the position into profit by 1%.

I moved the stop loss to break even to eliminate the risk on the position before the GBP data release at 09:30hrs.

On the release of the data price moved back into the range, stopping the position at break even.

Charts below:

60 Minute Chart:
 
15 Minute Chart:
 
I will update again when the next strategy trade has been identified.
 
Regards
 
 

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