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Mr. Trend's Currency Picks

  • #21
  • Jul 18, 2006 1:30am Jul 18, 2006 1:30am
Quoting Mr Trend
This thread has been dormant, so let's bring it back to life with my newest intraday strategy (yes, Mr. Trend does do intraday...)

"Worm" is a strategy that takes advantage of the fakeout that occurs almost every night before the UK open. GBP/USD is the only pair traded at this time.

Trade #1: 23:15 PST
S GBPUSD 1.8346 SL 1.8363 PT 1.8334

23:42 PST
Moved stop to breakeven.

23:58 PST
Stop triggered.

The trade was within .1 of triggering my profit target. It doesn't get any closer than that!

Oh well... there's always tomorrow...

P/L: 0 pips
Total P/L: 0 pips
Interesting you talk about the fakeout of the Gbp/Usd london open time. I also trade only the pound on a system developed around this theory. I would be interested on hearing about your strategy, you willing to share? It's worth a shot.Anyway nice to see your posting again in your thread.
  • #22
  • Jul 19, 2006 1:13am Jul 19, 2006 1:13am
Trade #5: 23:05 PST
S GBPUSD 1.8247 SL 1.8259 PT 1.8239

A pretty quick night. Much like last night. Except this time we have a loser.

23:11 Stop hit

P/L: -12 pips
Total P/L: 3 pips
Mr. Trend
  • #23
  • Last Post: Jul 20, 2006 1:21am Jul 20, 2006 1:21am
Trade #6: 23:05 PST
S GBPUSD 1.8429 SL 1.8441 PT 1.8421

23:18 Stop Hit

P/L: -12 pips
Total P/L: -15 pips
Mr. Trend
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