Update 02-28-08:
So what happens when you break the rules? YOU LOSE MONEY. USD/CAD continued its trend lower, and I did not want to waste more time testing my theory, so I closed the position at 0.9782
Trade Result: -72 pips (36 * 2)
Amount Lost: $71.22
The Trade:
This trade is based on the OzFX system using the 4 hour charts. Both the AC & the AO are showing green bars, and the stochastic is also turning up, indicating a rally up. However the price is way below the 200 SMA, and its against the rules. Oh well, rules are meant to be broken. Lets see how the trade plays out.
Lots - 2
Entry Time - 5pm MST
Entry (Long) - 0.9818
Stop Loss - 0.9757
TP - 0.9977
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