Tuesday, July 3, 2012

Transaction

on Tue 3-Jul-2012

GBP/USD

GBP/USD is trading towards strong support 1.5800 but the market is somehow showing weakness at current resistance 1.5700.

Market is lackluster and on 30 mins chart it shows the first full black bar and price has traded below MMA200 - a short term trading setup that I seldom use.

I shorted GBP/USD at 1.5675, SL 1.5710, TP 1.5590.
The target price might be adjusted lower if market shows more downward momentum.
Current support 1.5650, S1: 1.5570 then S2: 1.5520.
Posted by Ayumi at 4:36 PM
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2 comments:

  1. JimmyFXJuly 7, 2012 at 9:32 PM

    Hi Ayumi
    Great to see you still trading !
    Was you 24hrs early for this trade or were you able to hang on overnight and take the fall that you predicted ?
    Jimmy

    ReplyDelete
  2. AyumiJuly 9, 2012 at 2:13 PM

    Hi Jimmy!!!

    I was like 36 hours early for this trade and it was hanging there for two days which is challenging my patience.

    I closed the position with a little profit, and less than 4 hours the slide began... ops!

    I observed the fall, just that the money didn't flow into my account.

    ReplyDelete

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