Trade Ideas

I could not find any proper long trades for the day, so I decided to experiment with the HAS system on smaller time frames. So I spent about 20 minutes looking at the 15 minute chart and opening the following trades. All trades were opened with 3 lots.

USD/CAD Long: $21.31 (+21 pips)
EUR/CHF Long: $280.42 (-282 pips)
AUD/JPY Long: $410.74 (-411 pips)
USD/JPY Long: $29.69 (+30 pips)
CAD/JPY Long: $338.78 (-339 pips)
CHF/JPY Long: $17.80 (+18 pips)
EUR/JPY Long: $29.73 (+30 pips)
GBP/JPY Long: $59.46 (+60 pips)
EUR/GBP Long: $121.68 (+60 pips)

As you can see, most trades are with the yen as it was seeing some weakness on Japanese market open. I will also post the pips & profit made on these trades.

I am just going to leave them open for tonight and come check to see how they are doing tomorrow. The target points are small (10 to 20 pips) as its based on the smaller time frame. Keeping my fingers crossed.

Update 03-14-08 10am:
Well not a bad experiment. 6 of the 9 trades were successful and hit their target points. Which is a pretty good success rate. I closed the remaining 3 trades for loss. However since we didn't have a stop loss for this system, we ended up with big losses. But this does show that we can trade this system in short time, but we need to figure out a better way to minimize risks.