Tuesday, May 18, 2010

Fighting Temptation

Trade: Long
Pair: GBP/USD
Time: GMT 12:26
Price: 1.4420
PT: 1.4475 (55 pips)
SL: 1.4365 (55 pips)
Setup: MACD crossed up, Higher High, Higher Low, ADX up.
Though the bigger time frame outlook still indicate downtrend, therefore the smaller profit target for this trade. Gained 2.4% from this trade. It is better to move away from the trading screen after closing the trade to avoid the temptation to re-enter.

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