System:
This trade is based on the Squeeze play on 1 hour chart.
Reason:
My first trade based on the Squeeze indicator. I learnt about this setup in the book called "Mastering the Trade" by John Carter. One of the best books on trading I have read.
As per the indicator, the squeeze was triggered at 11:15pm and I entered the trade at 94.45. Both stop and target points were 50 pips apart at 93.95 and 94.95 respectively. I just setup the trade and left it to do its job. At 5:15am, when I was fast asleep, my target was hit.
Lots: 5
Entry (Long): 94.45
Stop Loss: 93.95
TP: 94.95
Total Pips: +250
Total Profit: $243.69
Rating:
I will rate this trade a 5. The entry was perfect. Setup the stops and target and never changed. Just let the charts play.
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