For todays trades I missed both the EURUSD and the GBPUSD high's. they are going in a downtrend. Unfortunately I also missed the USDJPY low...
I will set a buylimit for the USDJPY at 116.35
Take profit at 116.65
Stop Loss at 116.05
That will result in a 30 pip gain or a 30 pip loss... The USDJPY has the possibility of going up to 116.80 but I will not take the risk and stick with 28 pips profit
For the EURUSD I wil make a Sell Limit at 1.2795
Take Profit at 1.2765
Stop Loss at 1.2845
The EURUSD is sure to go down, so the stop loss is almost useless but just in case... So this should result in a 30 pip gain or 50 pip loss
I will set a Sell Limit for the GBPUSD at 1.8940
Take Profit at 1.8880
Stop Loss at 1.8985
GBPUSD also is sure to go down, but once again just in case. This will result in a 60 pip gain or a 45 pip loss
Lets see how everything goes
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Last edited by gazuz : 08-24-2006 at 05:01 PM.
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