Trade Update - EUR/JPY Short CLOSED

Update 03-26-08 11am:
Just a couple of hours ago, I was close to breaking even on this trade. But a sudden rally in this pair made me hit the stop loss and suffer a huge loss. Anyway, I shoudn't have entered this trade in the first place.

Total Pips: -450
Total Profit: $452.70

The Trade:
Entered the short side of the trade once again.

System:
This trade is based on the OzFX squeeze more on 4 hour charts.

Reason:
This almost seem like the perfect setup for a trade on the OzFX system. On the 4 hour charts, the price is starting to move down. The AC and AO indicators are showing red bars and going lower. And RSI, Stoch and %R indicators are moving down fro oversold territory. And finally the price is below the 200 SMA.


Rating:
I would rate this trade a 5 star. This is a perfect setup where all the signals matches. Lets see if it was a good call.

Entry & Exit:
Lots: 3
Entry (Short): 155.33
Stop Loss: 156.33
TP1: 154.83
TP2: 154.33