24
Nov

24th November Swing Signal

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

Jafar12:57 p.m. Nov. 24, 2009
Category: Forex Signals 5 Comments
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5 Responses to “24th November Swing Signal”

  1. Lelik (Russia)
    19:24, 24.11.2009

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

  2. Lelik (Russia)
    05:01, 25.11.2009

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

  3. Lelik (Russia)
    10:31, 25.11.2009

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

  4. Jafar
    10:56, 25.11.2009

    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)
    12:21, 25.11.2009

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

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