Monday 19 May 2014

Forex : 15th May : GBPUSD New Entry

P&L Running Total - b/fwd 1 R Loss - Today 0.0 R Loss - c/fwd 1.4 R Loss

Cable has been running up for the best part of a year now.  We have sen a pull back into the MAs on the HA chart so now may be a good time to buy a Call



I priced a slightly in-the-money call at 1.6800 and a slightly out-of-the-money 1.6900 call.  I have opted to spend 1.0 R on the in-the-money call





Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

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