Trade Update - USD/CHF Long CLOSED

Update 04-03-08 11pm:
I got stopped out of this trade. The low volume definitely had a say. Also I feel I should have placed my stop tighter. Since I entered very close to the 34 SMA line, I should have placed my stop just below that line rather than below the low of the previous candle. That could have cut my loss by half.

Total Pips: -248
Total Profit: $245.46

Lesson: Do not enter trades between 4pm EST and 1am EST as the volume is extremely low.

The Trade:
I had mentioned this in my watch list for the day. Going long the USD/CHF pair.

System:
This trade is based on the Elite setup on 1 hour chart.

Reason:
Perfect entry setup using the Elite setup on 1 hour chart. The 3 EMA was crossing over the 34 SMA. The 34 CCI has just crossed over 0.


Rating:
I believe I entered the trade to perfection. So this would rate as a 5 star. Only drawback is that this trade is against the long term trend. But we are looking for 20 pip profit target. So that is hopefully not important.

Entry & Exit:
Lots: 10
Entry (Long): 1.01293
Stop Loss: 1.01045
TP: 1.01493