![Monster Rally on the GBPUSD]()
The GBPUSD really powered ahead today.. I was trading my 4-to-7 breakout strategy and got my 30 pips. It seems pathetic when the market powered on another 170 pips or so.. still, a profit is a profit!
The range was 14632 and 14597.
I didn't trade the 9-to-9 however. If the range is over 120 pips or so, the movement has already been too large for the day. Also, I can't scale my trade to be small enough so that the hefty pip stop loss is a mere 5% of my trading account.
The top
June 14, 2010
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![Beauty trade on the 9-to-9 GBPUSD trading system]()
On Friday 11th (sorry, posting this a bit late), I traded the 9-to-9 trading system on the GBPUSD. For those who haven't been following, it's trading the breakout of the highest and lowest points between 9pm and 9am GMT time.
The timing on my chart says 5am but that's because I am using a US broker and it's not clever enough to work out where I actually am.. it's a minor detail.
Anyway, the top of the range was 14757 and the lower, 14651. The range is just over 100 pips so can be done. I h
June 14, 2010
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