CobraFX (By cobraforex)

Gain : +100.95%
Drawdown 37.43%
Pips: -115.0
Trades 76
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Manual

CobraFX Discussion

Mar 03, 2011 at 06:58
2,459 Views
34 Replies
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 06:51
Today is March 4 and there is a good trade of GBP. The trend is up. If GBP is back to 1.6260 in the next 2 hours, I will open my long position with stop loss 1.2640 and target for profit is 1.6330.
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At least 50% gain a month
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 08:37 (edited Mar 04, 2011 at 08:39)
The strategy should be buy at 1.6245 with stop loss 1.6215 instead of 1.6260. Need to learn from this by waiting for reversal candle on 15M chart before placing buy position
At least 50% gain a month
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 10:26 (edited Mar 04, 2011 at 10:28)
GBP is back, If it breaks the 1.6290 then we will more stop loss to break even and GBP will move to 1.6350 area. For anyone who longs at 1.6240, you can more your stop loss to break even now.
At least 50% gain a month
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 10:52 (edited Mar 04, 2011 at 10:52)
5M chart trend is strong, follow it and I hope that GBP breaks 1.6290
At least 50% gain a month
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 11:12 (edited Mar 04, 2011 at 11:14)
NFP is going to release and GBP cannot break 1.6275. I take 10 pips profit. If I was patient, I would got 30 pips today
At least 50% gain a month
Member Since Jan 26, 2011   35 posts
Mar 04, 2011 at 12:00
Thanks for your posts
As you say - NFP might put some selling pressure on GBP shortly..
I'm shorting here for possibly 20 - 40 pips
Never look back
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 12:34
Hi HellboyFX,

GBP is moving in a range of 60 pips. It is not safe to trade during NFP release because you can lose a lot. Try to reserve your capital first
At least 50% gain a month
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 12:42
NFP is going to release and I am looking to long GBP around 1.6175
At least 50% gain a month
Member Since Jan 26, 2011   35 posts
Mar 04, 2011 at 12:50
NFP only in 40 minutes time though..
Never look back
Member Since Jan 26, 2011   35 posts
Mar 04, 2011 at 12:54
and 30 pips in th bag..
Never look back
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 13:03 (edited Mar 04, 2011 at 13:03)
Look at 1H chart of GBP, it seems that there is one more wave to complete the replacement
At least 50% gain a month
Member Since Jan 26, 2011   35 posts
Mar 04, 2011 at 13:10
sure thing - now it's a waiting game
Never look back
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 13:38
NFP is released. GBP is down as expected. Looking for a long GBP here
At least 50% gain a month
Member Since Jan 26, 2011   35 posts
Mar 04, 2011 at 13:41
beware of long here...very strong to downside
Never look back
Member Since Jan 26, 2011   35 posts
Mar 04, 2011 at 13:54
ok - looking better now, i'd also dab in a gbp long - small though for small possible profit
Never look back
Member Since Jan 26, 2011   35 posts
Mar 04, 2011 at 14:10
taking small profits here - to scared of this market - just doesnt feel right
Never look back
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 14:41 (edited Mar 04, 2011 at 14:43)
It seems that the GBP is not out of range.
At least 50% gain a month
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 15:07
There is a Doji on H4 chart. Waiting for a long around 1.6225
At least 50% gain a month
Member Since Mar 03, 2011   38 posts
Mar 04, 2011 at 17:41
Just open a long position on GBP
At least 50% gain a month
Member Since Mar 03, 2011   38 posts
Mar 05, 2011 at 02:01
The Long GBP is 20 pips in profit. I will do a scale up trade on next Monday to get increase gain on my account
At least 50% gain a month
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