Short GBPUSD @ 1.6366

14.00 gmt

This is a system signal trade.

Short $5/pip GBPUSD @ 1.6366, SL  1.6430.

We should have a very volatile week with so much data and event risk ahead!

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2 thoughts on “Short GBPUSD @ 1.6366

  1. Greg Ballesty

    dangerous trade for a bullish pair – good luck!

    >>> Zen and the Art of FX Trading 2/12/2013 10:01 PM >>>
    ZenFXTrader posted: “14.00 gmt This is a system signal trade. Short $5/pip GBPUSD @ 1.6366, SL 1.6430. We should have a very volatile week with so much data and event risk ahead!”

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    Reply
    1. ZenFXTrader

      Yes, this is a risky trade. I fully expect to lose some pips on this, but I want to try the system rules even when it seems so against common sense.
      With each passing candle, my (mental) stop gets closer to the open price. The starting stop was 1.6430; today it is 1.6410. Usually by the time the reversal signal arrives, the trade is close to BE already!

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