Today, 2008.11.24 - 16:44 GMT. I am not take any position of trading because market to volatile and unpredictable. The price has been reach and over 100% fibo, may be the price will continue higher to reach Resistance 3 or will turn down by reversal.
After looking trading signal, with price action inverted hammer and spinning top in 61.8% fibo area and confirmation with bearish candle, i decided open position GBP/USD SELL : 1.4927 TP : 1.4813 in current day pivot level.
Update Trading Journal
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My position reach TP: 1.4813 at 2008.11.21 15:00 GMT, banked 102+ pips.
From today i try to begin posting my Fx trading journal, i learn to specialize in GBP/USD.
After taking look trading signal, price action tested and over daily support 2 and price action over fibo 0%, i decided open position GBP/USD SELL : 1.4779 TP : 1.4703 in support 3.
At this time i uploaded the trading journal, the profit was 20 pips. you can close OP or continue to reach the TP.
Update Trading Journal
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I decided close position in the 2008.11.20 22:11 GMT, because the price get reversal signal and MACD show over bought position. This time banked 48+ pips.
