GBPUSD Long
I’m long the GBPUSD again… going for 1.6550 w/ a stop at 1.6245
Let me know what you’re up to!
About Triffany
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at FXStreet.com and heads "The Human Element" a blog dedicated to trading psychology at ForexMotion.com Want to know more? She was recently profiled in "FXStreet.com's Women in Forex" Series.
You can contact her at Triffany(at)Triffx.com
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I drew a box round that consolidation area on the 1HR … in my box it hasnt closed above the box yet ? have you taken the trade early on that big candle ? and another question, your stop cuts into a recent candle low, is that still part of the plan ?
I actually meant to take the trade on a fresh close above 1.6305, but missed it, so I took it when I caught it and yes, that stop is correct because it is below the 2nd secondary support level. Here’s a pic: http://screencast.com/t/jUj07rsFp4H
Like Aby…was watching a break above box…….nice to have gotten in earlier though!!
Still watching the EURJPY and it’s box….don’t see an obvious place to get in earlier than the break on this one!!??
The EURJPY is tightening up a lot w/in its space and almost creating a nested box trade, w/ 175.73 – 175.23 being the smaller range. Some might like to take the break outside of that as an early entry…or just a scalp of 30-50pips.