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June 28, 2010 GBPUSD London Trade

Well, by looking at my trading journal, the last time I traded was on May 26, 2010.

I need to take a little time off to revamp my trading and reassess what I want to do.  I thought that this strategy looked interesting and I have been backtesting it and trading it with some really small money.

Tonight I decided start trading it at full size.  Here is the trade:

Click above to enlarge

I entered two positions, both with a 23 pip stop loss.  One position had a 20 pip take profit and the other initially had no take profit.

The first target was hit and I made 20 pips on that trade.  I then moved the stop loss on the second to +5 pips.

The result was a +1.1% on this trade.




If you enjoyed this article, you might also like:

  1. May 18, 2010 GBPUSD Counter Trend Trade
  2. 1/7/09 GBPUSD Trade
  3. 02/16/2009 GBPUSD Trade
  4. May 6, 2010 – EURCAD 1H Anti-Bossilator Trade
  5. May 25, 2010 GBPCHF Accelerator Trade

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