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Attachments: GBP / USD Intraday Strategy
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GBP / USD Intraday Strategy

  • #21
  • Jan 27, 2007 3:51am Jan 27, 2007 3:51am
Quoting Moe
As expected, GBPUSD broke above previous high resistance at 1.9846, further rise towards 2.0000 to reach the next cycle top on daily chart is still possible in the next several days. Near term support is at 1.9630, only break below this level may delay the resumption of the up trend. For long term analysis, GBPUSD will rise above 2.0000 to reach the next cycle top on weekly chart, and the next cycle top will appear next month.
Expected to go down to 1.9250 approx
  • #22
  • Jan 27, 2007 3:56am Jan 27, 2007 3:56am
Entered Short 1/24/07 2:00 @ 1.9766
Exited Short 1/24/07 11:49 @1.9666
Profit: 100 pips
Negative Swing: 18 pips (amount in pips the market went against the trade)
Current Drawdown: 0
Current Equity: 857 pips

Here is what this trade looks like on the charts
  • #23
  • Jan 27, 2007 3:59am Jan 27, 2007 3:59am
Entered Long 1/25/07 12:05 @ 1.9711
Exited Long 1/26/07 6:55 @1.9609
Loss: 102 pips
Negative Swing: 102 pips (amount in pips the market went against the trade)
Current Drawdown: 102 pips
Current Equity: 755 pips

Here is what this trade looks like on the charts
  • #24
  • Jan 28, 2007 10:03pm Jan 28, 2007 10:03pm
Exited Long @ 1.9589
Loss of 11 pips
  • #25
  • Jan 28, 2007 10:08pm Jan 28, 2007 10:08pm
Short @ 1.9588
Stop @ 1.9662
  • #26
  • Jan 29, 2007 9:46am Jan 29, 2007 9:46am
Exit Short @ 1.9575
Profit: 13 Pips
  • #27
  • Jan 29, 2007 10:24am Jan 29, 2007 10:24am
What particularly interests me is the patterns in your equity curve. There is a double top and then later a clear resistance breakout on the chart. Both would have been very profitable signals to take.
  • #28
  • Edited 4:18am Jan 30, 2007 4:07am | Edited 4:18am
Short @ 1.9640

----------------------

I made a mistake, I should not be in so I had to exit my position with a small loss...

Short Exit @ 1.9643
  • #29
  • Jan 30, 2007 7:01am Jan 30, 2007 7:01am
Now Short @ 1.9653
  • #30
  • Jan 30, 2007 7:05am Jan 30, 2007 7:05am
Stop @ 1.9724
  • #31
  • Jan 31, 2007 5:30am Jan 31, 2007 5:30am
Moved Stop down to 1.9612
  • #32
  • Jan 31, 2007 10:08am Jan 31, 2007 10:08am
Stopped Out @ 1.9612
Profit: 41 pips
  • #33
  • Jan 31, 2007 4:02pm Jan 31, 2007 4:02pm
Long @ 1.9650
  • #34
  • Jan 31, 2007 4:04pm Jan 31, 2007 4:04pm
Stop @ 1.9549
  • #35
  • Feb 3, 2007 7:32pm Feb 3, 2007 7:32pm
1/26/2006 6:22
Enter Long @ 1.96

1/28/2007 23:01
Exit Long @ 1.9589

Loss: 11 pips

Click here to see this trade on the charts
  • #36
  • Feb 3, 2007 7:34pm Feb 3, 2007 7:34pm
1/28/2006 23:02
Enter Short @ 1.9588

1/29/2007 10:43
Exit Short @ 1.9575

Profit: 13 pips

Click here to see this trade on the charts
  • #37
  • Feb 3, 2007 7:36pm Feb 3, 2007 7:36pm
1/30/2006 5:02
Enter Short @ 1.9639

1/30/2007 5:17
Exit Short @ 1.9649

Loss: 10 pips
  • #38
  • Feb 3, 2007 7:37pm Feb 3, 2007 7:37pm
1/30/2006 8:00
Enter Short @ 1.9653

1/31/2007 11:07
Exit Short @ 1.9612

Pofit: 41 pips

Click here to see this trade on the charts
  • #39
  • Feb 3, 2007 7:42pm Feb 3, 2007 7:42pm
Here is our currenty equity curve:

http://www.fxjournals.com/stats/equity-curve-2-1-07.bmp
  • #40
  • Feb 3, 2007 7:43pm Feb 3, 2007 7:43pm
Here is our monthly stats (profit in pips):

http://www.fxjournals.com/stats/monthly-1-07.bmp
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