System:
The trade is based on the Elite system on 30 minute chart.
Reason:
The 3 EMA crossed the 34 SMA around 3pm. The 34 CCI had also crossed over 0 indicating an uptrend. Waited for the close of the candle. Upon the start of the next candle, entered long at 1.00826 at 3:47pm. The stop was placed 20 pips away at 1.00626, close to the low of the previous candle. The profit target was 20 pips away at 1.01026. The target was hit about an hour later at 4:55pm.
Total Pips: +200
Total Profit: $197.97
Lots: 10
Entry (Long): 1.00826
Stop Loss: 1.00626
TP: 1.01026
Rating:
I will rate this trade a 5 star. I followed the setup and plan to the book. I did not meddle with the stop or profit target.
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