London Breakout 1

I’m giving it 7:6 odds with a slight advantage down! :smiley:

I think it might go up to 1.6460.

Yep, just like I predicted. I am out with 20 nice pips! It is probably possible to get much more but it’s possible to lose too so I’ll take it:)

Next time I’ll set a trailing stop.

Good night (3:17AM here)
Antonio

I got nervous & had to bath the kids so closed my long trade about literally 30 seconds before it jumped :frowning:

What a GU breakout…?! :D:D:D

And it’s still going. :slight_smile:

CABLE: Recovery rally extended to $1.6518 with traders noting the
buying linked to an oil company need to cover dividend payments. One
trader notes that the order began Tuesday the company needing to buy
between stg200-500mln at any time between the hours of 0700GMT/1300GMT.
Order finishes Monday with fix rate published Tuesday. Cable currently
trades back around $1.6495 after order exhaustion but underlying tone
remains buoyant. Cable offers now seen placed toward $1.6520 more
toward $1.6520. Technically the break above $1.6490 brings $1.6589 into
view 1.618% swing of Tuesday`s pullback from 1.6490 to $1.6329.

A classic 50 % fib retrace before it shot up this morning.

:wink:

R2 @1.6564 reached.

How far we are going this morning…?

R3…??? :slight_smile:

I still think we’re headed to 1.6740.

Maybe not this morning — but, probably this week.

Posted last Friday: 301 Moved Permanently

Welcome your suggestions/corrections.

Closed my position for 34 pips.

5m chart

Guys what would be your stop loss in today’s trade :slight_smile:

Hi,

Stop was just above the wick of 0500 candle (1.5010)

Regards,
Muthu.

Gotcha! :wink: Thanks!

Most Welcome :slight_smile:

How many pips did you close it for?

Hi,

I closed for 35 pips.

Regards,

Muthu.