Hello Traders,
Of the trade recommendations we provided yesterday, we cancelled the Long GBP-USD order due to worse than expected GDP numbers out of UK leading to drop and consolidation just above our area of entry. It proved to be a good decision else we would have been stopped out.
No other trade got triggered. Net Result for the day 0.0%
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Results of recommendations from 26th June |
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| Market | Direction | Entry | S/L | Move to B/E @ | Target 1 | Target 2 | Reward to Risk ratio | Result |
| GBP-USD | Long | 1.5260 | 1.5230(30 pips) | 1.5290(30 pips) | 1.5290(30 pips) | 1.5360(100 pips) | 2.16 | Order cancelled post GDP number. Notified on the Blog. |
| GBP-USD | Short | 1.5510 | 1.5535(25 pips) | 1.5480(30 pips) | 1.5480(30 pips) | 1.5420(90 pips) | 2.5 | No trade |
| USD-JPY | Short | 99.62 | 100.62(100 pips) | 99.32(30 pips) | 98.12(150 pips) | 95.32(430 pips) | 2.9 | No trade |
| EUR-USD | Long | 1.2940 | 1.2915(25 pips) | 1.2970(30 pips) | 1.2990(50 pips) | 1.3090(150 pips) | 4 | No trade |
| EUR-USD | Short | 1.3231 | 1.3256(25 pips) | 1.3206(25 pips) | 1.3181(50 pips) | 1.3081(150 pips) | 4 | No trade |
Today’s Recommendations for the forthcoming sessions on 28th June 2013:
| Market | Direction | Entry | S/L | Move to B/E @ | Target 1 | Target 2 | Reward to Risk ratio |
| GBP-USD | Long | 1.5126 | 1.5096(30 pips) | 1.5146(20 pips) | 1.5196(70 pips) | 1.5266(140 pips) | 3.6 |
| GBP-USD | Short | 1.5375 | 1.5405(30 pips) | 1.5345(30 pips) | 1.5345(30 pips) | 1.5305(70 pips) | 1.66 |
| USD-JPY | Short | 99.92 | 100.52(60 pips) | 99.62(30 pips) | 98.72(120 pips) | 98.12(180 pips) | 3.3 |
| EUR-USD | Long | 1.2940 | 1.2915(25 pips) | 1.2970(30 pips) | 1.2990(50 pips) | 1.3090(150 pips) | 4 |
| EUR-USD | Short | 1.3231 | 1.3256(25 pips) | 1.3206(25 pips) | 1.3181(50 pips) | 1.3081(150 pips) | 4 |
If you trade using any of these recommendations, you do so at your own risk. Please manage your risk according to what you can afford. Be aware of various event risks once in a trade.
Happy Trading!