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Showing posts with label 19. Show all posts
Showing posts with label 19. Show all posts

Thursday, April 8, 2010

19th trade


This was taken on the 8th april, on USDCAD 60 min. ENTRY was @ 1.0070 and SL was @ 1.0130.
On the 13 April the trade was set to breakeven and profit target is 0.9950.

Currently 14th april 1900 (GMT+8) i am setting the SL to 1.0010 (risk to reward becomes 1:1). Its better to protect the profits then let it lose like i did in trade 18.

Now its 15th April 1325 (GMT+8) i am setting my SL to 0.9995 (RR = 1: 1.25), reason being saw some resistance at this level.

Well my SL @ 0.9995 triggered at about 1700 to 1800 but it was a cool 75 pips gain.