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IvanLabrie
Feb 12, 2015 7:55 PM

Eurozone strength pt.2: Pound Sterling Long

British Pound/U.S. DollarFXCM

Description

In the first part I covered the Euro pairs I am looking at, and here I will discuss Pound Sterling.
The dotted lines represent the ideal position for a stop loss.

Similarly to the Euro trades, I will go for 2.5% exposure, making the total 5% with both baskets active.
I will treat these trades like a single entity, and won't close the longs unless one of the pairs breaches the stop loss.
If I detect a sentiment change, I will update the post accordingly.

Target is achieving a 15% capital gain between both baskets, at the very least, so equal risk to reward, but split between multiple pairs to diversify.
Comments
IvanLabrie
I will leave the entries up to each trader, but the stop level should be respected if you are considering taking these basket trades.
IvanLabrie
Update:



Waiting for gbpusd to pull back for a buy.
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