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Show me the money! [Daytrading] Need some trade ideas for today? Want to share your own intraday trade ideas? If you're the next Jerry Maguire and can show us the money then this thread is for you.

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Old 03-25-2008, 02:05 PM
pppglowacki pppglowacki is offline
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Post 03-25-08
Hi, well after i woke up this morning at 4:00 am I observed the gbp/usd and made the decision to wait for a buy because i was bullish.

I waited for the time of my trigger from my 30 minute chart and finaly was shown what i was waiting for. The support break came with a nice 5 minute trigger and a buy @ 6:25

Entry @ 1.9904
Stop @ 1.9898 (stop loss is 11 pips with the spread)
Profit Targer #1 is around the 1.9955 area where i closed half of the lots and moved my stop to break even to allow the rest to run. Trade exited @ 2.0003, a nice +100 pips with a 1:10 risk:reward.

Thanks
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