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6 Oct 2011: Short GbpUsd

06/10/2011 22:39:06PM
Short GBP/USD @ 1.5387 (0.5 lots)
Cut Loss: 1.5487
Target: 1.5400

Expected close date: 7 Oct 2011



Comment: It rebound to old support line 1.5394 which now suppose to be resistance line

Confidence Level (1-10): 7
Trade Risk (0-10): 5
Capital Risk: 100 pips


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Result update:
07/10/2011 14:49:41PM SG Time
Cut Loss triggered at 1.5492
Total Loss: 105 pips

6 Oct 2011: Long EurUsd

06/10/2011 20:46:09PM
Long EUR/USD @ 1.3300 (0.5 lots)
Cut Loss: 1.3240
Target: 1.3450

Expected close date: 7 Oct 2011



Comment: Strong rally formation at the bottom (30mins chart). It should last at least until 12-24hr

Confidence Level (1-10): 7
Trade Risk (0-10): 5
Capital Risk: 60 pips


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Result update:
06/10/2011 22:26:42PM SG Time
Closed the trade manually at 1.3401
Total Profit: 101 pips

Remark: It touch the resistance line too fast

5 Oct 2011: Long GBPUSD

05/10/2011 16:03:59PM SG Time:
Long GBP/USD @ 1.5440 (0.9 lots)
Cut Loss: 1.5340
Target: 1.5600

Possible manual cut loss: if it break below current double bottom support (< 1.5412)
Expected close date: 7 Oct 2011



Comment: Strong rally formation at the bottom (4hr chart). It should last at least until 8x4hr candle (around 7 Oct 2011 00:00)

Confidence Level (1-10): 7
Trade Risk (0-10): 5
Capital Risk: 100 pips


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Result update:
06/10/2011 19:00:13PM SG Time
Cut Loss triggered with slippage, ended closed at 1.5321
Total Loss: 119 pips
Remark: It was managed to go up to as high as 1.5502 (+62 pips). But the rally is faded during BoE Interest Rate Decision announcement at 7pm. BoE announced QE increased by $75 billion which resulted GBPUSD drop sharply..