Trade Update - GBP/JPY Long CLOSED

Update 04-02-08 10:45pm:
Quiet a few ups and downs on this pair. For sometime, I thought I was going to get stopped out, but in the end, all it needed was some trading volume.

Total Pips: +500
Total Profit: $486.24

The Trade:
Going long the GBP/JPY pair. Yen has been weak against all majors.

System:
The trade was entered based on the Elite setup on 15 minute charts. The trend was confirmed by both the OzFX, HAS and A-MACD setups.

Reason:
Strong uptrend. Confirmed by 3 different setups. The OzFX setup on daily chart shows the AO and AC showing green bars, and the Stoch, RSI and %R trending up. The HAS system on 4 hour charts show blue mars on multiple time frames and same with the A-MACD system.

The trade was enetred based on the Elite setup on 15 minute charts. I noticed that when there is a price pullback on this pair for the current trend, it always bounced off the 10 SMA. So I look to enter the next candle to the candle which crossed the 10 SMA down.

Elite (M15):
A-MACD (4 hour):

Rating:
I will rate this trade a 4 star. Its been on a storng uptrend, and I see it going higher for the short term. I have a +50 pip target point for the trade.

Entry & Exit:
Lots: 10
Entry (Long): 203.679
Stop Loss: 203.179
TP: 204.179