Mo., July 7 Forex Signals & Trade results: +18 pips

July 8, 2014 at 10:41 am

The GBPUSD short trade today brought in +18 pips of profit.

As I always say, a small profit beats the heck out of any size loss.

From: Dave Hughe <plainfx@gmail.com>
Date: Mon, Jul 7, 2014 at 5:56 AM
Subject: July 7
To:
GBPUSD Sell 1.7134 SL 1.7161 P1= 1.7122 P2= 1.7106

NZDUSD Sell 0.8709 SL 0.8756 P1= 0.8691 P2= 0.8681

The price was hovering above the first profit target therefore we closed it a few pips above the target. The second price target was missed by 1.5 pips before the price pulled back up and hit our stop-loss orders located at the entry price. Thus, we made +18 just on the first unit. Still, a small profit beats the heck out of any size loss.

GBPUSD trade July 7