Thursday, April 2, 2009

Trade of the Day

2nd Red Line = Stop Profit
Black Line = Entry Point
Red Line = Stop Loss

Entered Long during London time based on the following signs: The general trend was bullish, wave pattern, LL-H-HL was formed, and CCI turns from red to blue again. 

My stoploss was set few pips below the wave point of higher-low, and take profit was set at R3 price level, which is not being shown in the 15M chart. 

Update: Hit Stop Profit that was set when the price exceeds M5 price level. 

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