Tuesday 02/06/07 - Stop Filled

Stop Filled @ 9702


+84 Pips Profit
30 Pip Stop Loss
Risk/Reward 1:2.8

Are stop was hit at 9702, which was the previous momentum low. Order hit a high of 9720. As I said, pricing action started to move in a ranging fashion which ended up knocking out my stop. All and all, I am very pleased with its performance. I left periodically throughout the day, along with a 3 hour nap around 3:00pm. Hope everyone had a piece of this action.

Tuesday 02/06/07 - Stop Moved

Stop Moved to 9670

Original Entry was filled at 2:36 am with a stop loss set at 9588. Order is moving very well and now I am very pleased placing the stop just above the previous days high, which in my opinion is now a very good resistance point. I am still trailing the momentum lows. We will see how far this one will go. Price movement is starting to become separates yet slow. This usually means a sign of slowing.

Tuesday 02/06/07 - Entry: Pending Order

Entry: Pending Order
GBPUSD: Buy Stop @ 9615

I found a momentum stall resistance point. I am placing a pending Buy Stop at 9615, Current time is 12:25am 02/06. Although, the high is at 9618, I am rounding it off. I will place my stop at whatever the previous momentum low is at the time of entry. This seems to be a very good setup. Im seeing the next momentum resistance at yesterdays high of 9666. I will being trailing my entry with a stop at every new momentum low.