Friday, October 17, 2008

Looking at GBP

GBP/USD has been rising towards a line of resistance that has been turning the pair back since late Wednesday. If it breaks above it, I want to be long.

Pending order(1): Long 3716 GBP/USD at 1.7359
Pending order(2): Short 1858 GBP/USD at 1.7442
Initial stop: 1.7276
Initial exposure: 83 pips, $30.84 or 15.00%



Current closed equity: $205.56
Current position: flat
Current exposure: 0

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