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Old 04-13-2007, 04:15 PM
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elang elang is offline
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Entry - 235.76

INTRA-DAY Stop Loss / 51 PIPs- 235.25 (HIT)
SWING Stop Loss / X PIPs- 234.64 (LIVE)

Our targets still remain the same:

Target 1 /Long Term/: 237.38
Target 2 /Long Term/: 239.79
Target 3 /Long Term/: 243.677

We will be nearing 237.38 tooday or tomorrow. I will monitor the profit taking volume at this level and if the correction is small, we will look forward to 239.79 (T2).

You should have locked your 50 PIPS in by now, so from here onwards we will let the price trail to T2 and T3.

I've attached a chart to show you why i chose my long term stop as 234.64
I place a lot of my stops below 61.8%

Regards!
E. Lang
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