Journal Of BGX Forex Trading System
GBPUSD October 15, 2007
Daily open | 2.0342 | |
Cross / bonces wma | 2.0343 | Time : 06:00 GMT |
Forex signal | Buy | |
Damiani volatmeter | Trend formed | after bounces |
Relative strengh index | Above center | |
Entry point | 2.0373 | Time : 09:50 GMT |
Stop loss | 2.0343 | Bounces wma |
1st lot target +15 pips | 2.0388 | Time : 10:05 GMT |
2nd lot target +30 pips | 2.0403 | Time : 10:10 GMT |
3rd lot target +50 pips | 2.0423 | Time : 10:55 GMT |
4th lot target Folow price | 2.0410 | Time : 13:15 GMT |
Forex trade result | Gain | |
Pips Result | 132 pips |
Note:
Wma bounces signal shown at 06:00 GMT and first touched entry at 2.0373 must be delayed because damiani volatmeter indicator hasn't given signal yet to trade.
Price give another second chance to place entry at the same point. Price went up but it reversed down and then rebound from 50% fibo retracement. Down to 5 minutes chart, a bullish harami was shown. It was a good sign to place buy stop order at 2.0373. - Good strategy, good indicator, good result :)
Wma bounces signal shown at 06:00 GMT and first touched entry at 2.0373 must be delayed because damiani volatmeter indicator hasn't given signal yet to trade.
Price give another second chance to place entry at the same point. Price went up but it reversed down and then rebound from 50% fibo retracement. Down to 5 minutes chart, a bullish harami was shown. It was a good sign to place buy stop order at 2.0373. - Good strategy, good indicator, good result :)
