TRADE #013
SUMMARY
~GBP/USD~
24.04.2007
Entry - 1.9995 
Lots Traded - 2.0
Target 1 / 10 PIPs - 1.9980 (TERMINATED)
Target 2 / 30 PIPs - 1.9860 (TERMINATED)
Target 3 / 50 PIPs - 1.9840 (TERMINATED)
INTRA-DAY Stop Loss / 50 PIPs- 2.0045 (HIT)
SWING Stop Loss / 51 PIPs- 2.0046 (HIT)
Lash - 51 PIPS
TRADE TYPE: 100% Mechanical
(Entirely Indicator Based / No Technical or Fundamental Anlysis)
STATISTICS
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TOTAL Profit Since Trade #001 /16.03.2007/: +1109 PIPS
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TOTAL Loss Since Trade #001 /16.03.2007/: -240 PIPS
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TOTAL P/L On Current Trade:
(-50) PIPS
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SUM TILL DATE: +869 PIPS
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COMMENTS:
Consolidation sucks!
I am working had to implement a filter which will help me detect periods of consolidation better. The more we can stay out of there the better.