Thursday, May 22, 2008

Thursday 5/22/08 Update

The comeback trail.

Another good day as I was able to snag 87 pips from the cable. We are back in black and hopefully now we will end the month with a strong push to get us back to our average pips per month.

Today's Trades:

2:30am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle at 1.9721 with a stop at the most recent swing low at 1.9697. Since I was 29 pips away from the nearest 50 or 00 level, I decided to put my target at 1.9750.

Entry: Long at 1.9721
Stop: 1.9697
Initial Target: 1.9750

3:00am EST- My target is hit.

4:30am EST- There was a signal here but because it was a news candle, I did not enter.

Trade Results:

1 trade.....+29 pips......3 lots......+87 pips.


Here is how it looked. You will notice that on the charts, pip surfer showed the crossover at the 2:45 candle. So he entered on 15 minutes after I did and so he got executed at 1.9734. I actually got 13 pips more than he did today.

Talk to you soon.



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