Thursday, September 16, 2010

EURGBP 15/9/10



Sell Entry: 0.83867
Stop Loss: 0.83557
T/Profit: 0.82011
Trailing Stop: 30 Pips

Potential Loss: 31Pips
Potential Profit: 186 Pips


Reason for entry: going for 3rd Top 
Reason for T/Profit: Next resistance line at 
0.82011
Reason for Stop Loss: 20 pips is how much I am willing to lose since I am picking it the top.
Reason for Trailing stop: each candle fluctuates around 60 pips

Result: 
Stopped at: 0.83363
Profit: 50 Pips

Thoughts:
19/09/10 - I like this setup. I am happy with the setup and will do the setup again

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