Journal Of BGX Forex Trading System
Trading GBPUSD October 06, 2007
Trade 1
Daily open | 2.0806 | |
Cross / bonces wma | 2.0848 | Time : 10:30 GMT |
Forex signal | Buy | |
Damiani volatmeter | Trend formed | |
Relative strengh index | Above center | |
Entry point | 2.0878 | Time : 11:30 GMT |
Stop loss | 2.0848 | |
1st lot target +15 pips | 2.o893 | Time : 14:00 GMT |
2nd lot target +30 pips | 2.0878 | Time : 15:00 GMT |
3rd lot target +50 pips | 2.0878 | Time : 15:00 GMT |
4th lot target Folow price | 2.0878 | Time : 15:00 GMT |
Forex trade result | Gain | |
Pips Result | 15 pips |
Note:
There was a wma bounce before London session at 05:00 GMT, but Daminani volatmeter hasn't show any signal to trade, and the price moved up fastly. There was no another way but waiting another chance. 2nd bounce at 61.8% 30 minute chart shown that it was a good signal. Buy stop order at Filter price (+30 pips from bounces). Only 15 pips result for this trade. Shooting star was shown and it forced the position to moved Stop loss at break even.
There was a wma bounce before London session at 05:00 GMT, but Daminani volatmeter hasn't show any signal to trade, and the price moved up fastly. There was no another way but waiting another chance. 2nd bounce at 61.8% 30 minute chart shown that it was a good signal. Buy stop order at Filter price (+30 pips from bounces). Only 15 pips result for this trade. Shooting star was shown and it forced the position to moved Stop loss at break even.
