GBP/USD (1.5591). My intraday trading system would go SHORT 3 units at 1.5562 if the level trades before 13:00 CET. If the system does go SHORT a protective stop-loss will be placed at 1.5621. The system is designed to exit at 3 different price levels, the first of which is set at 1.5525. If this profit-take level is hit, one unit will be exited and the stop will be moved to breakeven. If GBP/USD makes a new session high a new entry trigger level will be calculated. Further updates will follow....

Notes: This system enters in 3 units and looks to exit at 3 separate levels in 1 unit each. Only one trade per FX pair per day is allowed, and all open positions are exited at 22:00 CET.

Howard Friend
Chief Market Strategist
E-mail h.friend@migbank.com

MIG Bank
14, Route des Gouttes d'Or, 2008 Neuchatel, Switzerland.
Tel: +41327221780 Fax: +41327221770
info@migbank.com
http://www.migbank.com

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Howard Friend
Chief Market Strategist


Phone: +41 32 722 84 54
Mobile: +41 78 636 83 57
Fax: +41 32 722 8455
Email: H.Friend@migbank.com

Website: www.migbank.com



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