3 September 2009

SELL GBP / USD at 1.6345 (Sept 3, 2009 11.30 system time)
As usual, I haven't set my profit target yet. Will see the movement first until I 'm sure and then will set my profit target after.

I finally set my profit target at arround monthly BB deviation 1, and then left it to go bed. But when I was awake, I found that the price was hard to go down even more. I thought the price still try to reach the monthly MA (aqua line, with red circle). And I never wanted to keep my order too long, especially if I didnt get the best price. As you can see (look at the picture below), soon after I put this order, the price moved up and almost reached the weekly BB deviation 3, so I got my order with loss for a while. I didnt want to take the risk, so I closed my order before the price reached my profit target, with only 23 points. Better than lost wasnt it ? hehe ;)



Result :
Profits = +23 points (Sept 03, 2009, time 22.05 system time)

*note : I close my order before my profit target was reached.