Looking at GBPUSD 4H chart today. The chart is trending up so I’ll be looking to go long on 15 minute chart today.
Entered long at 1.29323
Decided to close it at 1.30200 just before the major news comes out.
+88 pips for today!
Done with my trade for today.
Entered long @ 1.29150
Closed it @ 1.29294
+14 pips
Let’s all have a wonderful pips week ahead!
I’m also trying to trade other currency pairs aside from GBPUSD. For today, I have a short position for USDJPY. Will watch this for now and see how it goes.
Good call, quit while ahead, i’m still wrestling with GBPUSD…
Thank you! I should have closed it when the market moved to the other direction but I didn’t. I really need to stick with my trading plan.
Good luck with your trades!
Thanks for the blessing!!
I’m still long on GBPUSD, want to join me?
Ha! No, thank you . I’m logging off for today. Maybe tomorrow? Hehehe.
Are you still short USDJPY, i’m joining you today. Just shorted USDJPY at 111.491, my targets 111.199, stop loss 112.101
Sorry Baemax023, i’m closing my USDJPY at 111.380. Can’t support you anymore…
USDJPY looks pretty mixed up, might be a good idea to stay away from USDJPY pair this week.
Yeah. I’ll stick with my usual GBPUSD currency pair. Do you have any open trades today?
No more positions at the moment, just closed my EURGBP trades.
I want to savour the feeling of Truimph of 40% gains in 4 weeks a bit longer for the time being.
Daily Chart for GBPUSD
4hour Chart
Currently, I have a long position for GBPUSD. I’m not using the Cowabunga system this time because I want to use longer time frame. I’m watching my trade using the daily and 4 hour charts.
GBPUSD continues to move higher since August 16. Last Friday, the pair tried to broke the 1.31 level but failed due to the strong resistance in this level. However, the pound opened positive for the week against the dollar yesterday. It finally broke the 1.31 resistance level.
I decided to enter long at 1.30961
Stop loss at 1.30400
Take Profit at 1.3200
GBPUSD 15 minute chart
Here’s my quick trade for today.
Entered long at 1.31530
Set my stop loss at 1.31380
Take Profit at 1.32000
My target was hit giving me +31 pips for today.
I still have an open trade when I entered long at 1.30961 last Tuesday. I adjusted my take profit from 1.3200 to 1.3300. Yesterday, GBPUSD almost hit the 1.3300. I was thinking of closing my trade early and not wait for it to hit my target, buuuut I changed my mind. Now it’s back at 1.31 level.
Hello! It’s the first day of the month and I’m hoping this will be a good month to everybody. I’ve been very busy last week because of my kids’ school activities. I haven’t had time to open my demo account too. Hopefully, I’ll make it up this week. For now, I’m just reading trade analysis from other traders and studying the charts.
Have a great week ahead!