Chart 11 >>>
By
tymen1 at 2008-10-13
I had a look at the opening upper Bollinger band and decided on an exit point for the 2nd amount.
I set this exit at 70 (1.7270)
The entry was 10 (1.7210)
So the difference is 60 pips. (yes I know there is a spread!).
So a profit of 60-4 = 56 pips. (The 4 is the spread).
The price action will probably go a lot higher and you could get a much larger profit with this 2nd amount.
But the principle here is just to give an example, that is, to teach.
The exact profit is not so important.
Just in case, you did not see it, the 2nd amount exit is shown by the new upper dashed line on the chart.