Daily Limit Signal: EURUSD & GBPUSD

EURUSD
Trade: Sell Limit EURUSD (pending order @ 1.3618)
Stop Loss: 1.3658
Take Profit: 1.3549

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Tuesday night 23:00 GMT. It expires in 24 hours, Wednesday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Wednesday night 23:00 GMT.

Update (03/10/2010 16:30 GMT): EURUSD price action rose earlier and reached our stop loss 1.3658. We are out of the trade at 1.3658.

Trade Status: Closed. Pips: -40

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GBPUSD
Trade: Sell Limit GBPUSD (pending order @ 1.5026)
Stop Loss: 1.5069
Take Profit: 1.4940

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Tuesday night 23:00 GMT. It expires in 24 hours, Wednesday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Wednesday night 23:00 GMT.

Trade Status: Canceled/expired (order not triggered)