The Trade:
- Pair: USD/JPY Short
- Date: April 09 2008, 7:20am
- Entry: 102.324
- Lots: 5
- Stop Loss: 102.624
- Target: 102.024
- Reason/System: This trade was entered based on the squeeze setup on 1 hour charts. The price has been in a downtrend the last couple of candles, and the squeeze indicator turned green and signaled a sell. Being a 1 hour chart, I set the stop and target 30 pips away.
Result:
- Date: April 09 2008, 8:30am
- Total Pips: +150
- Profit/Loss: $147.03
- Trade executed to plan? Yes
- Rating: 5
- Comments: The timing of the trade was perfect. I just went with te trend and entered the trade as soon as it was signaled. I quickly hit my target point within the very next candle. This is the kind of perfect setups I want to execute more often.
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