Tuesday, March 11, 2008

Timeframe: H1
Technical Trigger: Fed pumps up liquidity in funding market to ease credit crunch. Stochastic is reading above 50 and the price has closed strongly above 20 SMA.
Direction: Long
Price: 157.30
Target: 158.50
Comment: Will move my trailing stop loss to breakeven point + 10 pips to lock the profits (should the price move in my direction by 30 pips).
Status: Closed (120 pips)

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