Thursday, November 8, 2007

An elastic trade on 071107 0845hrs (GMT+0)



The 5min stochastic is moving upwards, the 15min stochastic is also moving upwards towards the 30min,1h,4h stochastics which are already at the overbought region. This indicates a strong mini uptrend.

I bought 5 mini lots

Buy: 1.4625
Close trade: 1.4681

56 pips gain

Total profit= 56*5= USD 280

CURRENT BALANCE= USD 2280

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