Spiga

Trade Update - EUR/CAD Long CLOSED

Update 03-03-08 11am:
The 3rd lot finally hit the stop loss, so this trade is complete.

Lot 1 (closed at 6:30am): +50 pips
Lot 2 (closed at 7:30am): +100 pips
Lot 3 (hit SL at 10:35am): 0 pips

Total Pips: +150
Total Profit: $151.79

Update 03-03-08 7:30am:

This is the better trade of the day and has already locked us +150 pips in profit. Stop loss has been moved to BE, and Lot 3 is still running.

The Trade:

This was one of the trade signal was from the OzFX forums for today. I was reluctant to enter this trade as well as the other one as the Stochastic were already in the overbought/oversold territory. But since they gave the signal, I decided to give it a try to see how important the Stoch is to the trade result.



Lots: 3
Entry (Long) - 1.49639
Stop Loss - 1.49036
TP1 - 1.50139
TP2 - 1.50639

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