Gbpusd h4
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Thread: Gbpusd h4

  1. #1
    Join Date
    Dec 2012
    Posts
    134

    Default Gbpusd h4

    Trend Line
    Time Frame H4
    Bought @ 1.6113
    SL: 1.6083
    TP:1.6306
    Name:  gu.jpg
Views: 306
Size:  32.4 KB

  2. #2
    Join Date
    Jul 2012
    Location
    Asia
    Posts
    279
    nice setup

    i can tell ur setup would be best (but SL too tight) coz stoch indicator already on its peak. However, it would be best to add more filter, like news factor analysis on this setup.

    Do u always use analysis like this?? ^_^

  3. #3
    Join Date
    Dec 2012
    Posts
    16
    WOW

    it is as if i were looking at my charts, i have exactly the same setup as u, same indicators !!! hehe

    I am just waiting for it to cross back into the trend line before i buy and that will be my entry point

  4. #4
    Join Date
    Dec 2012
    Posts
    134
    I move sl to 1.6060

  5. #5
    Join Date
    Jun 2010
    Location
    London
    Posts
    564
    Quote Originally Posted by fibo13 View Post
    I move sl to 1.6060
    I'd kill the trade. The minute you move your SL is the minute your break the rules of your trading plan.

  6. #6
    Join Date
    Dec 2012
    Posts
    16
    Quote Originally Posted by mrchilled View Post
    I'd kill the trade. The minute you move your SL is the minute your break the rules of your trading plan.
    While i agree with you regarding money management rules, i see the GBP/USD is forming a nice ascending triangle which is a bullish signal with stochastics crossing and pointing upwards

  7. #7
    Join Date
    Dec 2012
    Posts
    134
    Quote Originally Posted by mrchilled View Post
    I'd kill the trade. The minute you move your SL is the minute your break the rules of your trading plan.
    Quote Originally Posted by cyberwave View Post
    While i agree with you regarding money management rules, i see the GBP/USD is forming a nice ascending triangle which is a bullish signal with stochastics crossing and pointing upwards
    I Move Stop to 1.6065

  8. #8
    Join Date
    Jan 2009
    Posts
    285
    i've been short on this pair for a week!
    glad to know someone is taking a long position!

  9. #9
    Join Date
    Dec 2012
    Posts
    134
    Quote Originally Posted by fibo13 View Post
    I Move Stop to 1.6065
    Quote Originally Posted by NewbTrader View Post
    i've been short on this pair for a week!
    glad to know someone is taking a long position!
    Nice trade, the market is @ 1.6250.
    close Half and BE

  10. #10
    Join Date
    Dec 2012
    Posts
    134
    finally touched TP .
    Happy tradinggggggggggggggg.

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