11 April 2008

USD/JPY - SELL @ 101.13 - 1 lot x 10 pips PROFIT

Hello again my friends,

Today was another great day in Forex. Today's hero: USD/JPY.

Here is the chart:



Also the video of the trade:

video

I moved the RegChan because I was searching for a better channel.

Signals:
2 EMAs crossed after the big drop 12.00 GMT
MACD turned down also at 12.00 GMT
And after 1 hour we got a retrace W%R confirmed at 13.00 GMT

Entry:
13.00 GMT: SELL @ 101.13 with 1 lot
SL: 101.14 + 10 pips = 101.24 (never reached)
Target reached in 3 minutes: 101.03

Profit: 10 pips x 1 lot x $10/pip = $100

That was all for today. It was a weak week.

Happy PIPin' and relaxing weekend :)

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