GBPUSD bought @ 1.61361, SL @ 15 pips, TP1 @ 15 Pips

Trade taken as price reached Daily Pivot point and 50 Fib level, first target is 10 to 15 pips and will consider move SL to BE

Views: 182

Tags: GBPUSD

Comment by Rocky Master on December 31, 2012 at 8:01am

Partial Profit taken @ 1.61666

Comment by Rocky Master on December 31, 2012 at 9:47am

TP1 met @ 78.6 fib level and now moved SL to BE 

Comment by Rocky Master on December 31, 2012 at 10:43am

Still holding Long Position my target is 100 fib level @ 1.62019

Comment by Sundaram on December 31, 2012 at 11:15am

Pending long order @61570, m5 slide atm

Comment by Rocky Master on December 31, 2012 at 1:44pm

Moved SL Now @ 1.614592

Comment by Peter jcp on December 31, 2012 at 2:09pm

Well done on your GU target - above that now - nice one - regards Peter

Comment by Rocky Master on December 31, 2012 at 2:29pm

Thanks Peter, Target Met @ 1.62019, Partial profit taken  and Moved SL @ 1.61983 and final target is 78.6 Fib Fan level, lets see, how it goes 

Comment by Rocky Master on December 31, 2012 at 2:31pm

Target met trade close @ 1.62302 

Comment by Peter jcp on December 31, 2012 at 2:42pm

Only caught bits of GU and GJ which as done a new high. Just prior to half hr change with markets open the GU shot up approximately 30 pips in 5 minutes  - meanwhile the EU only moved about 4 pips ;-)))

Comment by Peter jcp on December 31, 2012 at 3:00pm

Coming up to 3pm UK time and 10am NY time and for me GU is hitting another ressitance area around 6255 to 62 area. I can see on Rocky's chart a 161 fib at 6286 area  - but I reckon its needs a rest and a pullback before then. Its still in its up bias channel for the sessions but after a 100+ rise you tend to think 15 -25 pip pullback would be nothing unusual ??

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