21 April 2008

GBP/USD @ 1.9934 SELL + 10 pips Profit

Hello dear friends,
Today was another great day in Forex. GBP/USD made a real move few minutes ago so here is the chart for today's trade:

and to see a nice TL together with old RegChan:

So, the signals were clear:

6.30AM GMT: Price breaks the TL and an old RegChan and also makes the 2 EMAs to cross
7.00AM GMT: Price closes bellow the recent RegChan, but MACD still Up
8.00AM GMT: Price turns the MACD down, W%R retraces above -80 level
Perfect signals.

8.00AM GMT: Sell @ 1.9934 with 1 lot
SL: 1.9955 + 10 pips + 1 spread = 1.9965
Target: 1.9924 (reached)
Time of trade: 4 - 5 minutes

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

Thank you and happy PIPpin' !