At Tradesight, there is a reason that we make two calls every night. It isn’t our job to guess whether the US Dollar is going to get stronger or weaker. We should have trades in place for either option. This worked to our benefit last night as we collected over 100 pips (and still going on one trade) without having to watch the market. Here’s the summary from our daily report:
A nice night based on our calls in the GBPUSD. First, it triggered short early at A, which would be for half size due to the time of day, but it came back, never stopped (stop was over black line); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES gave you another entry chance at B, and hit the first target at C. We adjusted our stop to breakeven on the second half and that stopped overnight. The long call triggered at D, hit first target at E, and we still have the second half with a stop under 1.5525, which is holding nicely in the money: