Monday, April 27, 2009

Trade of the Day

Blue Line = Take Profit (rate = 1.4700)
Green Line = Trade Closed
Black Line = Entry Point
Red Line = Stop Loss

From the chart, we can see that the opening of London market seem to push the trend of GU in the opposite direction drove by the Tokyo and Sydney market. 

Entry was made when the setup was seen, based from the various indicators. I would not take trend from last week into consideration though, based on 15M chart. 

Update (22:44) : Shifted stoploss to break-even
Update (00:28) : Trade closed at 1.46685

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