Saturday, October 29, 2005

Forex Trading- Friday's Trade won

Hello everyone. I just wanted to make an update from yesterday's trade since I wasn't able to post it yesterday. There was a classic Alba breakout at 8:40 am EDT so I entered 3 lots short at 2108 with a stop at 2144 and a first target at 2089. My target eventually hit at 11:10 am and I closed 2 lots and moved my stop to the high of that candle which was 2094. Twenty minutes later I was stopped out on my last lot at that price. I did miss the rest of that move which stinks but if you look at the chart, the price does move near my original calculated target for the day. I've been working on a new exit strategy which will fine tune my last lot's exit, but it's still in it's testing phase right now. It involves some new indicators and so far, it's been working out for me. I want to test it some more before making it public. Here are the results for Friday:

Results: +38 +14 -9(spread)= +43 pips

1 comment:

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