Friday, March 28, 2008

Friday 3/28/08 Daily Update

Three in a row!

Well today was another good day for us and our strategy netting us a 23 pips gain. The main trend since 8 pm EST last night had been down so I was only looking for short trades. At 9 am we got a crossover as well as down trending stochastics, RSI<50 and MACD was positive losing value. Beautiful!! We sold at the open of the next bar and got filled @ 1.9973. Stops were set at previous swing high which was 2.0018 (it was 40 pips away so I had to adjust my amount of lots so as to not go over my 2% risk) I set my initial target at the next 50 level which was 1.9950. That was 23 pips away. On the next bar our target was hit and we had our 23 pips.

I won't have charts up today because I usually get them off Pip surfer and he isn't trading in the last 2 days..so sorry but if you are reading this you probably know how to pull up your own charts...

I am not very good with the computer, copying and pasting and all that good stuff.. so anyone who wants to tell me how to transfer my charts to this blog, let me know.

Well that's the end of trading for this week..I will post results for the week and start the track record for monthly..
Talk to you soon.

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