My Path To Financial Freedom

i. Moved stop to breakeven at 1.9942 (closest buy level)

ii. Broke even after about +40pips profit
Cumm Earnings: +249pips

By yesterdays standards that was a great trade.

Heres todays levels

I just made a buy at 1.9924 (not including spread)

In a market with small ranges as of late the first areas seem to be working well. It will be interesting in time when more normal trade ranges occur to see where the best levels will be to enter.

Hopefully when the market finds a trend, if my entry point isnt as precise as most of these have been then my stop will be far enough to stay out of losses.. either way i must expect a loss sooner or later, unless i really have found the holy grail lol

1. Buy @ 1.9924 -- (-5 for spread) – 3lots

a. Stops: 1.9869 (risk -60pips)
b. Lot 1: Target—1.9978
c. Lot 2: Target—2.0018
d. Lot 3: Target—2.0048

Hi Again Brxxt,
When you get a chance can you send through a copy of trend manager? Much appreciated.
Cheers.

heres todays levels

Im still in my buy trade for 3 lots so i will trade them accordingly to todays levels

now would be a good buy opportunity if i wasnt already in one

Another good trade, a good chance to put your stop in a profit and see what the int rate decision brings. Well done I'm becoming a believer!
Best wishes as always!!

oh yea,thanks for the reminder totally forgot about that

thatll make a huge difference!

a. Moved stop to breakeven at 1.9918 (closest sell level)
b. Lot 1: +39pips
c. Moved stop to +10pips at +45pips
d. Moved target on Lots 2 and 3 to 2.0018
e. Closed Lot 2 2 mins before interest rate news release and moved stop to +30pips
f. Lot 2: +41pips
g. Lot 3: +30pips
Cumm Earnings: +359pips

I will not be giving the levels for tomorrow since there are numerous news reports coming out so i expect price will be all over the place and break through the levels, i will give the levels after the trading day is over to see what would have happened cuz thats always fun

It'll be interesting to see what the news does today. Did you notice yesterday after the news spike that price couldn't stay above the upper level at 1.9980.

All the best.

On 2nd thoughts if you could post the levels it would be very interesting to follow them as supp/res levels for the various news events through the day.

Basically I think GBP is going up and its a case of buying any dips from the news events that tie in with these supp levels. In particular going back to 1 Dec where 1.9850 was res and over the last week has provided good support. This was also the lower end of the supp scale on the chart you posted yesterday, will it go that low though?

i will check out the levels now for you and post them in a couple mins so u can follow along

yea thats what usually happens after a news release it will break through one maybe two of the levels but usually will hold at the next level like it did perfectly today

i just checked and there is no video yet, i will check over the next couple mins but i have to go to bed soon its 3:13am.. classes tomorrow u know

heres the levels

Id be ready to buy at 1.9928 if i were trading today

Thanks very much, enjoy your sleep!!