Friday, June 26, 2009

03:18PM

8 Minutes ago I opened a Long position at 1.6449. I've placed the take profit order at 100 pips which is 1.6549. Stop loss is set at 1.6369 which is 80 pips from entry. A pending sell order is also set at SL level just in case price reverse. I will close the trade at 6:00PM if TP is not yet reached and no matter where the price is at that time. Let's see if today's trade is a winner.

04:43PM

The above log position is still open. I've changed the Take profit level to 1.6529 which is 80 pips above entry.

07:38PM

Exactly 6:00PM or about one and a half hour ago I closed the long position at 1.6493 with a 44 pips profit. The acount balance is now $0.34.

Last week was disastrous, but this week is ok. I managed to get about 23% ROI from the previous week's balance. After 4 weeks of trading the total ROI is 51.37% or an average of nearly 13% per week. Now that is a good number. At least it beats putting your money in your savings account and hope to get 2% to 5% per year. Think about that.

Well, see u guys next week. Have a good weekend.
Juf.

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