Update 05-07-08 7:00 am
This was another good trade to enter, one of the few this week. The price moved in my direction as soon as I entered the trade and went on to hit my target. Good I just had a 100 pip target as the pair soon reversed direction and closed close to where I entered.
Trade Results:
Date: 05-07-08 5:50 am
Result: Pair hit target
Total Pips: +500
Profit/Loss: $499.03
Rating: 5
Reason/Setup:
Trade entered based on the OzFX setup on daily chart. I was late with the entry by couple of hours, and have missed out on a nice 25 pip move. Considering the huge spread for this pair, that might be crucial.
I entered with just 5 lots to give me room for a 100 pip stop and target. This trade is also recommended by the OzFX forum based on the AES signal.
Trade Details:
Date: 05-06-08 5:10 pm
Entry: 1.5539
Lots: 5
Stop Loss: 1.5639
Target: 1.5439
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