Update: Closed my short at 1.6500
Profit(pips)= +75x2 = +150
Accumulated profit(pips) = +2452
Expectations for a close interest rate hike was dampened today as BOE Head carney signaled no need for a rate hike anytime soon in an interview during the world economic forum. Meanwhile, the recent decline in inflation figures as i mentioned in my previous post supports the idea of unfolding of long positions and a correctional move. Price also fails to settle above 1.6500 mark on a weekly closing basis.
Trade number: 67
Accumulated profit/loss (pips) = 2472
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thefxchannel.com
Pre-trade stats:
Number of trades:67
Winners: 34 Losers: 22 Cancelled: 10
Profit/loss (in pips) = 2472
Open trades: none Pending trades: 2
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
Profit(pips)= +75x2 = +150
Accumulated profit(pips) = +2452
Expectations for a close interest rate hike was dampened today as BOE Head carney signaled no need for a rate hike anytime soon in an interview during the world economic forum. Meanwhile, the recent decline in inflation figures as i mentioned in my previous post supports the idea of unfolding of long positions and a correctional move. Price also fails to settle above 1.6500 mark on a weekly closing basis.
Trade number: 67
Accumulated profit/loss (pips) = 2472
twitter.com/thefxchannel
thefxchannel.com
Pre-trade stats:
Number of trades:67
Winners: 34 Losers: 22 Cancelled: 10
Profit/loss (in pips) = 2472
Open trades: none Pending trades: 2
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled