Trade Update - NZD/USD Long CLOSED

Update 03-20-08 9pm:
Finally hit the stop loss. Another big loss. And to think of it, I could have stopped this tarde for a lot lower since it was constantly trading in a range and showing signs of moving lower.

Total Pips: -360
Total Profit: $360

The Trade:
Continuing the dollar weakness pattern, I am going long this pair.

System:
This is based on the A-MACD system on 4 hour charts.

Reason:
Weakness of dollar. Price moving up. Cross over on moving averages as well as MACD and AO. We have 2 or more bars above 0 on both these indicators confirming trend.


Rating:
I rate this trade a 4 star. I was just a little late in entering the trade. Other that that the indicators seem to align up and its a valid trade in line with the long term trend.

Entry & Exit:
Lots: 3
Entry (Long): 0.8258
Stop Loss: 0.7958
TP1: 0.8108
TP2: 0.8158