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TomKirk
Jan 18, 2018 11:43 AM

GBPSGD Position trade Long

GBP/SGDOANDA

Description

-21 Week ascending triangle
-Intraday breach of 1.833 which has proved a significant level
-Favorable R/R with stop set as intraday swing level
-Measured move up to 1.925

40 basis points intraday
An additional 40 basis points if R/R remains favorable

*Not investment advice*

Comment

Order filled
Price is meandering around boundary and did not see acceleration, feel no need to add another 40 basis points at this point

Comment

Shaving down risk from 40 to 30 basis points which equates to the low of the previous day

Comment

Stopped out, watching for 2nd attempt long. Wouldn't of taken a loser home over the weekend anyway
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