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My journey with GBPUSD

Author:	ForexPlane.com Editor	Created:	12/14/2006 12:34 PM
In this blog, I will detail my analysis as well as trades on the GBPUSD.

Long 9648, pulling back from big push up after Fed news
	ForexPlane.com Editor : 1/31/2007 7:57 PM

Breakout here, may not last because it's news driven, but a pullback is a pullback so must take as they come. Looking at 9700 as target here. Stop 9625.

Exit 9499, can't hold due to FOMC today
	ForexPlane.com Editor : 1/31/2007 2:24 PM

Cannot really hold this short with Fed news in a few hours. It's against my religion to trade news LOL.

Short 9527
	ForexPlane.com Editor : 1/31/2007 1:01 PM

Missing the drop this morning but the consolidation was just at the overnight Asian low, forming a continuation bear flag pattern. When breaking bar next bar, took the short. Looking at 9450 as target.

Trailing stop got hit at 9636
	ForexPlane.com Editor : 1/30/2007 12:17 PM

I had the trailing stop set at 50 pips, giving it some room to move, but this entry was not ideal to see it consolidate and move higher. It's in the middle of the channel so anything can happen: up or down. I usually put 30-35 pip trailing stop for GBPUSD. Should be decent enough to book gains and let the rest run its course.

Long here 9606
	ForexPlane.com Editor : 1/30/2007 12:15 PM

It's been lounging above major support (9549) on Friday and some monday. Long here on seeing higher low/high on 15min chart.

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