Short position opened @ 1.4710 @ 07.49 GMT (8 lots)
No stop loss.
Signal was triggered, alarm was on so I entered earlier than usually.
But as you will see it was all I needed because EUR/USD was heading 1.4700 so I took that level as first support (because EUR/USD is always finding support around round numbers .00 .50), it was a little risky because I was only 10 pips away from .00 level (where it can jump). So I can't profit from 10 pips and I entered with 8 lots for 7 pips profit.
I opened the position at 07.49 GMT with 8 lots for 7 pips profit. Why 7 pips ? Because 1.4710 - 7 pips = 1.4703 minus spread 0-1-2 it keeps me relaxed because the BID price won't hit 1.4700 on my order.
@ 07.59 GMT EUR/USD Exit @ 1.4703
7 pips x 8 lots x 10 usd/pip = $560 profit for today. If you want to be smarter than me you would enter with a 5 pip profit target and you would have $400 profit in less time.
If I were a conservative I would close everything for the rest of the week because this trade was as much as 5 trades of $100. But I consider this only one trade as a usual day and I will continue my search for new perfect signals.
Video of the trade can be found on my blog.
Last edited by PIPology : 02-20-2008 at 04:12 AM.
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