Wednesday, May 28, 2008

Wednesday 5/28/08 Update

New High!

Another good day. It seems to me that that last few days of the month always tend to be the ones that give us the nice profits...hmmm...Maybe I should just trade from the 20th to the 30th of every month. In any case, we made out with 108 pips today which put us at a new high in our balance.

Today's Trade:

3:45am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value.. This was a valid entry. The entry was at the close of the candle at 1.9786 with a stop at the most recent swing high at 1.9800. Since I was 36 pips away from the nearest 50 or 00 level (1.9750), I decided to to set my target at that price.

Entry: Short at 1.9786
Stop: 1.9800
Initial Target: 1.9750

5:28am EST- My target was hit at this time and I. I should have waited to see if it made a clean break, but I was out and then it kept going down. Oh well. I'll take it.

Results: 1 trade.....+36 pips.....3 lots.....108 pips.

Talk to you soon.


Check out my new charts...I just figured out how to do it with my platform!


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