Update 03-14-08 7am:
They say patience and confidence in the system is the most important traits in trading, and this trade illustrates that fact. After being down as much as -140 pips (per lot) on this trade, I doubled up and opened another position as soon as I got another signal using the system. And in the early morning move, we managed to hit our target points for a nice profit.
Lots 1-3: +33 pips (11 * 3)
Lots 4-6: +100 pips (100 * 3)
Total Pips: +333
Total Profits: $334.21
Update 03-13-08 11pm:
Interestingly, I got another signal for this pair using the HAS system. The original position is down almost -90 pips at this point, but I decided to open another position for this pair.
Lots: 3
Entry (Short): 94.65
I am not going to set any stop loss for this position, but I am going to set a limit for the original position at break even.
Update 03-13-08 3:30pm:
As of now, it seems like the trend is changing and this pair is poised to go higher. At current levels, I am already down approximately 175 pips per lot. The unfortunate part is that I opened this trade on my FXPro account at home, and I do not have access to it. So if its not closed by now, I will probably have no equity left by the time I reach home. :) SO now, it all depends on luck.
The Trade:
This is another trade based on the HAS system. The Yen is showing strength against all currencies today, and the HAS indicators show a downward trend across multiple time frames. Good time to enter a short trade.
Lots: 3
Entry (Short): 93.76
As before, I do not have a stop loss or target point for this trade. The position will be closed when the signal reverses.
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