Update 03-14-08 11am:
I must say I am pretty impressed by this system. At the basic level, its a simple trend following system which checks the trend over multiple time frames and places trade accordingly. I suppose that simplicity is also its power. Anyway, here are the results.
Lot 1 & 2 (closed at 7am): +200 pips (100 * 2)
Lot 3 (closed at 11:15am): +125 pips
Total Pips: +325
Total Profit: $325.59
Update 03-14-08 7am:
We hit the first target point of 156.15 and closed 2 lots for a +100 pips gain each. The final lot is trading at a gain of +60 pips.
The Trade:
This is another trade based on the modified HAS system on 4 hour charts. This time, I am entering the trade when we have multiple red bars following the blue ones. But the price had retraced back to the red bar, which gives us a good entry point. Check the charts to see what I mean.
Lots: 3
Entry (Short): 157.15
As before, I do not have a stop loss or target point for this trade yet.
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