Spiga

Trade Update - EUR/AUD Long CLOSED

Update 03-23-08 10:30pm:
I excited this trade today for a loss. Mainly because I got the opposite signal from the OzFX system.

Total Pips: -249 (83 * 3)
Total Loss: $223.96

The Trade:

Once again I am entering the EUR/AUD pair. This time I am not going to use any stops, and going to let this pair run.

System:
Based on the HAS system on 4 hour charts.

Reason:
I barely got stopped out on my previous trade, and now the stock has recovered and even moved past my previous entry point. So this time I decided to not have any stop instead, and let the stock run its course for a week or so and see what happens.

On the technical side, we still have the blue candles across multiple time frames to confirm the trend. I may be late to the party, but this bull run has been going on for some time, and I dont see why it shouldn't continue.


Rating:
I will rate this trade a 2.5 star. I entered this trade pretty late, so it might not have the upside momentum. But I am hoping for a slow and steady rise up.

Entry & Exit:
Lots: 3
Entry (Long): 1.7159

I don't have any stops or target points set for this trade yet. I will look to exit when signals change.

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