Journal Of BGX Forex Trading System
GBPUSD October 18, 2007
Daily open | 2.0386 | |
Cross / bonces wma | 2.0406 | Time : 08:00 GMT |
Forex signal | Buy | |
Damiani volatmeter | Trend formed | |
Relative strengh index | Above center | |
Entry point | 2.0436 | Time : 08:30 GMT |
Stop loss | 2.0406 | |
1st lot target +15 pips | 2.0451 | Time : 08:40 GMT |
2nd lot target +30 pips | 2.0466 | Time : 08:45 GMT |
3rd lot target +50 pips | 2.0436 | Time : 09:05 GMT |
4th lot target Folow price | 2.0436 | Time : 09:05 GMT |
Forex trade result | Gain | |
Pips Result | 45 pips |
Note:
Up trend was shown before wma 5 bounces off wma 20 at 2.0406. But it still safe to wait confirmation from Damiani indikator. Buy Stop order was placed at 2.0436 when damiani began to cross eachother and the price began bounce from 78.6% fibo retracement 30 minutes chart.
Up trend was shown before wma 5 bounces off wma 20 at 2.0406. But it still safe to wait confirmation from Damiani indikator. Buy Stop order was placed at 2.0436 when damiani began to cross eachother and the price began bounce from 78.6% fibo retracement 30 minutes chart.
