Weekly Trading Result

Saturday, February 13, 2010

Expectation for GBPUSD pair is going good. The weekly target got hit, resulting in +180 pips for a bullish trade. Last week, I set the trade for GBPUSD and you can read about this here. Well, it depends on how trader scale their trade. I play it small because this is the first time I set the trade based on support and resistant strategy.

It make forex trading so simple and fun. You can just set and forget. However, analysis will take a while before you can come out with a trade idea. As for me, I play it on weekly basis because I don't have enough time to watch the market everyday. I have a job so I trade forex as my hobby, more or less as a part time.

I will post another trade idea for next week tomorrow. The strategy will be based on support and resistant. This time, I'll expecting something less than 100 pips.

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