Wednesday, May 27, 2009

Trade of the Day

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

From the chart, although the SHI trend line indicates upwards, but from the other various signals from the indicators, wave pattern, sign of a divergence, and yesterday market pattern, I made a decision to enter short in eur/jpy. 

Update (22:00) : Trade hit stop profit, set kind of high, which I don't really think so (10 pips above pivot line). But well, I'm destined to miss the ride. Congratz to those who are still holding their short trades, enjoy it. 

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