21 Jun 2011

Salam..This is my trade and report for this week,,My trade held until the next day,but i still manage to grab my target profit..Hope we can learn together..


Trade Report

Pair : GBP / USD
Position : Buy / Long
Lot : 0.1
Risk : 2%
Price In : 1.6202 (21 Jun)
Price Out : 1.6250 (22 Jun) - Target Profit fulfilled
Result-In Pips : +48 Pips
Trade Details :

An Uptrend from 4Hour Chart,so im only looking oppurtunity to buy at 15Minute Chart. Momentum moving average crossing up,RSI above Level 50,Stoch heading up,MACD went from Negative to Positive. My entry at 1.6202,Stop Loss i adjust at current higher low,and Target Profit i put at Major ('00) and Minor ('50) Psychologically Significant Levels which is at 1.6250.
My trade held until the next day since the price only manage to hit at 1.6247 at the end of the day..

Thats all.

Salam Pips :)