03 April 2008

GBP/USD @ 1.9827 SELL + 10 pips x 2 lots Profit

Hello dear friends,

Today was another great day in Forex market. Specially for me and for those of you who trade using my strategy.

Here is the chart for today's trade:

So, as you can see the 2 EMAs crossed twice today until price set a trend.
At 3.00 GMT in the morning price got out of the Regression Channel.
At 7.30 GMT price broke the mini-trendline.
At 8.00 GMT MACD turned down and also made the retrace that we needed to enter. W&R above -80 level so perfect Setup.
8.00 GMT: SELL 2 lots @ 1.9827
Target: 10 pips until 1.9817
Stop Loss: Too far to be reached :D
Time of trade: 10-15 minutes

Profit for today: 10 pips x 2 lots x $10/pip = $200

That was all for today, I'm satisfied with profit made this week. I might stay away from the PC tomorrow but if I see some opportunities I might take advantage.

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