System:
This trade was based on the Elite setup on 30 minute chart.
Reason:
On the 30 minute chart, the 3 EMA crossed over the 34 SMA around 4pm. I entered the trade at 160.351. Stop loss was placed 20 pips away just below the 34 SMA line. And the profit target was 25 pips away at 160.601. At 4:48pm, just 45 minutes later, the target point was hit and I exited the trade.
Lots: 10
Entry (Long): 160.351
Stop Loss: 160.151
TP: 160.601
Total Pips: +250
Total Profit: $244.33
Rating:
I will rate tis trade a 4.5 star for sticking to my execution. The reason its not perfect is because the candle prior to the one I entered was a long candle.
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