[TW] 2-20-2012 Short GBP/USD by donnapinciotti

GBPUSD weekly

Long or Short: SHORT

Entry Point: 1.5800

Stop Loss: 1.5950

Profit Target/s: 1.5650, 1.5500, 1.5350

Reward-to-risk Ratio: 1:1, 2:1, 3:1

Risk percentage: 1%

Indicators: Fibonacci

Trade Rationale: Theres is a falling trend line and the pair is testing the Fibonacci retracement level 61.8.

Trade Adjustments: Move stop 150 pips with every 150 pips move

Hi donapinciotti.
Thanks for the trade idea, it really paid off for me. I’m doing the crazy $200 to $1m challenge set by TurtleForex which I’m bloging about at The $200 to $1,000,000 Challenge | MeetPips.com
I’m out of the trade at the moment (because of my limited pool of money I’m being ultra cautious) but keeping an eye on it to go past the next the next point of support.
Thanks again!

amazing i have made 140 pips thanks.