2 new postions were opened

As I mentioned in my earlier post today two of my trades had been stopped out and I reopened them tonight. But, first I still have 3 opens positions that I was able to adjust my stop/loss and thus guarantee more pips.

Current Open Trades:

Long GBP/USD from 1.9460 Stop/Loss 1.9625 (Guaranteed Pips +165) current pips +291

Long EUR/USD from 1.2956 Stop/Loss 1.2887 (Guaranteed Pips -69) current pips +29

Short USD/CAD from 1.1758 Stop/Loss 1.1780 (Guaranteed Pips -22) current pips +6

New Trades Opened:

Long USD/JPY from 121.35 Stop/Loss 120.53 (Guaranteed Pips -82) current pips -3

Short USD/CHF from 1.2465 Stop/Loss 1.2556 (Guaranteed Pips -91) current pips +2

Final Thoughts: the market has been ranging quite a bit which puts me at greater risk because I end up putting my stop/losses farther away from the current price. However, I don’t expect for many of these stops to get hit. I will most likely adjust some of them tomorrow evening after trading, allowing me to lock in more pips. I don’t know how much higher GBP/USD can rise but I will keep riding that trend for as long as I can, that is where pips are made.

Forex Fun,

Jackie O’Quinn

Explore posts in the same categories: Forex Trades

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