Update 03-14-08 7am:
This trade didn't work out so well. Actually it was going well right until we got the US CPI data. Its one of those data that moves the currency markets, especially the dollar significantly and this time, I was on the wrong side of the trade. All 3 lots were closed at stop loss.
Total Pips: -306 (102 * 3)
Total Profits: $308.46
The Trade:
This trade is based on my system on the daily chart. Both the AC & AO are showing green for this pair. But its been on the decline for the past 3 days, and the price is below the 200 SMA. Also the Stoch, RSI and %R are moving down. So i think we could realize atleast a 50 pip profit in this trade.
Lots: 3
Entry (Short): 0.9823
Stop Loss: 0.9923
TP1: 0.9773
TP2: 0.9723
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