Trade Update - AUD/USD Long CLOSED

Update 03-13-08 10am:
Now I am really proud of this trade. I got into this trade following my system which was to follow the trend using the Stoch, RSI and %R indicators. I also used the 200 SMA as a filter to make sure the pair had a upward trend. Whats even better is that I got into this pair very early, right when the uptrend was starting.

Not surprisingly, this pair has brought in a lot of pips for me and its still continuing higher and the signals still look good. But i decided to take my profits for now and start afresh.

Lot 1 (closed on 3/11): +50 pips
Lot 2 (closed on 3/12): +100 pips
Lot 3 (closed on 3/13): +150 pips

Total Pips: +300
Total Profits: $300

Update 03-12-08 5pm:
The second lot closed at +100 pips earlier in the afternoon. So we have banked 150 pips in this trade so far. The third lot is still open and currently trading at +88 pips. I haven't moved the SL to BE for this trade as I am trying a different strategy. I am just letting my positions run until the signals turn.

Update 03-11-08 11pm:
So our first lot closed at +50 pips profit. The remaining lots are currently trading at +55 pips range. After yesterday's big loss, this is a welcome change as I see just green in my positions. :)

The Trade:
The Aussie dollar has been in rally mode against all currencies since yesterday. Now this trade is not based on the OzFX system, but just my call seeing the indicators. The AC has turned green, but its still not close to the 0 mark, and the AO still shows red. However the Stoch, RSI and %R are all trending up from oversold conditions suggesting we might be in for a rally. I am just trying to catch the signal early in this trade, so lets see how successful I am.


Lots: 3
Entry(Long): 0.9264
Stop Loss: 0.9164
TP1: 0.9314
TP2: 0.9364