What is an elastic trade?
Noticed how the 15min stoch is stretched away from the 3 bigger stochs, then it snaps back towards the 3 bigger stochs again. That elasticity gives the name elastic trade.
In this trade, I saw the 15min stoch rising towards the 3bigger stochs which are in the overbought region, this indicates a very strong mini uptrend. I quickly bought 5 minilots and made 50pips gain.
BUY: 1.4665
Closed Trade: 1.4716
Spread: 1pip
Total profit for this trade: 50*5(minilots)= USD $250
Current balance: 250+2280=USD $2530
Thursday, November 8, 2007
Another elastic trade on 071107 1230hrs Balance: USD $2530
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment