Probably Not A Good Idea
Don't try this at home, kids.
Well, if it goes wrong, at least its not REAL money!
I'm not sure if this qualifies as a trading opportunity, but I'm doing it anyway.
The only currency pair I currently mess with is the GBP/USD. I hear that its best to focus on one pair, become one with it, learn its intricacies, its idiosyncracies, blah blah blah.
So anyway, I'm looking at the 1-2 day outlook for the cable. Its looking to continue to range, but tend to slip lower than its current 1.7325. I see support at the 1.7269 level, which also happens to coincide with S3 based on March 31 pivot point data. So, I'm putting a limit order to buy the cable at 1.7269. Profit target is 20 pips (1.7289), stop loss is -20 pips (1.7249). Wish me luck, boys and girls!
Well, if it goes wrong, at least its not REAL money!
I'm not sure if this qualifies as a trading opportunity, but I'm doing it anyway.
The only currency pair I currently mess with is the GBP/USD. I hear that its best to focus on one pair, become one with it, learn its intricacies, its idiosyncracies, blah blah blah.
So anyway, I'm looking at the 1-2 day outlook for the cable. Its looking to continue to range, but tend to slip lower than its current 1.7325. I see support at the 1.7269 level, which also happens to coincide with S3 based on March 31 pivot point data. So, I'm putting a limit order to buy the cable at 1.7269. Profit target is 20 pips (1.7289), stop loss is -20 pips (1.7249). Wish me luck, boys and girls!
posted by Young Pip at 11:27 PM
0 Comments:
Post a Comment
<< Home