2 Jun 2011

Salam. . .

Hye guys,here is my trade report for 2 Jun 2011



Trade Report :-

Pair : GBP / USD

Position : Short / Sell

Entry : 1.6405

Stop Loss : At first,i put at 1.6430(previous high)..Then after my trade goes
well,i adjust to +5pips from my entry at 1.6400

Target Profit : 1.6350

Risk taken : 3% (30 pips to stop loss)

Trade Plan : Current TREND is DOWNTREND based on 4hour chart
So,at 15 minute chart,im only looking oppurtunity to SELL. .

1. Moving average momentum crossover
2. RSI below level 50
3. Stochastic heading down but still not at oversold area
4. MACD bar which is still in positve lessing value

This set up which is im rating as 90% chances attract me to put entry immediately

Result :-

My trade end with profit.my target profit fulfilled. . .Yeah,1st win!
Profit : 55 pips