Wednesday, September 24, 2008

New setup

GBP/USD has been trading in a rather tight range the past couple of days... especially considering the action of recent weeks. If the bottom of the range is broken, I want to be short.

Pending order: Short 900 GBP/USD at 1.8469
Initial stop: 1.8519
Initial exposure: 50 pips, $4.50 or 13.25%



Current closed equity: $33.97
Current position: flat
Current exposure: 0

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