tntsunrise
Long

GBPAUD GOOD TO LONG AGAIN

FX:GBPAUD   British Pound/Australian Dollar
10825 29 223
GBPAUD             GOOD TO LONG AGAIN

After a 2nd test of 1.5800
now the GBPAUD             shows reversal sign.

This will be a weekly income trade.
SL below 1.5800
Aim for 1.6400 and 1.6700
Comment:
snapshot

Already in profit for 160 pips
Comment: Now is 1.6250, going to hit target one soon
Comment: 2nd target hit. from 1.59 to 1.67, 800 PIPS.
Comment:
snapshot
Comment: 1.6820 NOW, it is good for us to take some profit and make rest position Break even stop loss and hold for bigger profit.
Comment: Price hit 1.69. +900 PIPS
Comment:
snapshot
Trade closed: target reached
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Important to add:

This trade won 1200 pips with a inital risk / stopploss level at 123 pips. well done! \o/

A trade won wth 1200 or 2000 or 3000 pips still is a bad trade when the initial risk would have been 4000 pips.

That is a little but important difference in how to put things and many newbi traders may not get the difference.

Jack, like your 99% win ratio strategy.... ;)
Reply
Thanks Jack.
Reply
in my oppinion you at the moment tend to highlight the great trades much more than you point out clearly the bad ones and why this is not a big deal.... oil goes very bad, eh?
Reply
@mlbo, short or long ???
Reply
Hi Jack, It's Margaux. I am new to GBP/AUD. What should I watch for to start trading this pair?
You must have taken a nice profit on your Long GBP/AUD; great! Do we now Short the pair or wait for a pullback on GBP/AUD to Long again?
Reply
What does that mean it's going up or down its so unclear to me
Reply
tntsunrise TOP SebastianTarlach
@SebastianTarlach, of course i am still holding my long position.
Reply
thanks master. you are great!
Reply
thanks Jack
Reply
I totally missed the boat one that one!! nice idea tho jack
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