Update 04-02-08 11:30pm:
I re-entered this pair 2 more times based on the Elite 15 minute setup. As with other trades today, this was lagging behind for quiet a while when thevolume was low. But once the volume picked up, so did the price and I was minting money. :)
Here are the results.
Trade 2:
Total Pips: +200
Total Profit: $194.36
Trade 3:
Total Pips: +250
Total Profit: $243.13
Update 04-02-08 8am:
This trade didn't take too long to hit the target point either. Will be looking to re-enter this pair again.
Total Pips: +200
Total Profit: $194.86
The Trade:
Now for all the money I lost last month trading this pair short, I am going to make it up. Finally I realized that this pair is in a strong uptrend. So long the EUR/JPY pair.
System:
I did not get any signal for this pair except for the 15 minute Elite charts, but te trend has been confirmed by the A-MACD and HAS systems.
Reason:
I made the mistake of repeatedly shorting this pair last month as it moved almost 600 pips against me. Finally I am jumping into the long train. Am I too late? The A-MACD and HAS setups on 4 hour chart says the trend is still strong. And the 15 minute Elite setup gave me an entry signal.
Rating:
Just going with the strong uptrend to scalp 20 pips. I will rate this a 4 star.
Entry & Exit:
Lots: 10
Entry (Long): 159.948
Stop Loss: 159.448
TP: 160.148
0 comments:
Post a Comment