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24th November Swing Signal

  • Author: admin
  • Date: November - 24 - 2009

This was supposed to have been posted last night but didn’t appear. Not to worry. It’s still quite valid.

We have an attractive daily breakout situation brewing on GBP/USD

Buy GBP/USD @1.6615 SL1.6471
Sell GBP/USD @1.6471 SL1.6615

24th November Swing Signal

5 Responses to 24th November Swing Signal

  1. Lelik (Russia) says:

    When we should close this positions? And, should we use a trailingstop? Thanks. (sorry of my english)

  2. Lelik (Russia) says:

    When we should close this positions? And, should we use a trailingstop? Thanks. (sorry of my english)

  3. Lelik (Russia) says:

    Good signal! What size of trailing stop you recommend? Sorry of my english.

  4. Jafar says:

    Hi Lelik

    If you want to use a trailing stop, have a look at the recent volatility. About 50 pips would work on gbp/usd at the moment. I prefer to lock in profits manually. I just put a +20 stop loss in myself :)

    About closing, you can use a target (my recent post suggested several possible targets) or you can hold for 3 days then close.

  5. Lelik (Russia) says:

    Thank you for your reply. I thought my comments are not visible.

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