Daily Limit Signal: EURUSD & GBPUSD

EURUSD
Trade: Sell Limit EURUSD (pending order @ 1.3480)
Stop Loss: 1.3548
Take Profit: 1.3369

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 (03/31/2010 16:42): EURUSD price action rallied, triggering both our sell limit earlier and our stop just recently. We are out of the trade at 1.3548.

Trade Status: Closed. Pips: -68

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GBPUSD
Trade: Buy Limit GBPUSD (pending order @ 1.5024)
Stop Loss: 1.4977
Take Profit: 1.5140

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)