Tuesday, 22 February 2011

GBPJPY short + 154 pips

Woohoo, closed my gbpjpy also in profit! Trading gods have been merciful to me this week :-)

If you haven't noticed it today, EUR/USD broke the S3 level of daily pivot points, which was really an indication of overextending .... and then retraced up more then 150 pips right to the pivot point.


I'm putting up chart so you can see. It's one of the strategy I'm trying to trade, it's doesn't happen that often, that a pair hits S3 or R3 in the same day, but when it does, if it starts going back I'm jumping in and exiting on the pivot level. This today I haven't grabbed.

No comments:

Post a Comment