Journal Of BGX Forex Trading System
Trading GBPUSD October 30, 2007
Daily open | 2.0607 | |
Cross / bonces wma | 2.0596 | Time : 07:30 GMT |
Forex signal | Buy | |
Damiani volatmeter | Trend formed | |
Relative strengh index | Above center | |
Entry point | 2.0626 | Time : 08:05 GMT |
Stop loss | 2.0605 | Below daily open |
1st lot target +15 pips | 2.0641 | Time : 08:45 GMT |
2nd lot target +30 pips | 2.0656 | Time : 10:30 GMT |
3rd lot target +50 pips | 2.0676 | Time : 14:00 GMT |
4th lot target Folow price | 2.0674 | Time : 00:00 GMT |
Forex trade result | Gain | |
Pips Result | 143 pips |
Note:
Bullish cross wma at 07:30 GMT showed clearly, up trend on GBPUSD still strong (see 4 H chart). Buy stop order at filter price. And stop loss placed 2 pips below daily open. All indicator showed that it was a good signal. Result for this trade was 143 pips.
Bullish cross wma at 07:30 GMT showed clearly, up trend on GBPUSD still strong (see 4 H chart). Buy stop order at filter price. And stop loss placed 2 pips below daily open. All indicator showed that it was a good signal. Result for this trade was 143 pips.
