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Currency : GBP/JPY
Time Frame : Daily
Time & Date: 12:24pm /29.02.2008 (GMT+8)
Reason for trade : Price broke Bollinger Band Outer Band & There is a Triple Top Formation
I shorted GJ @ 208.32
I put Stops @ 213.96
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Currency : EURO/CHF
Time Frame : 30Minutes
Time & Date: 10:14am /25.02.2008 (GMT+8)
I Long @ 1.6110 because of a Falling Wedge BreakOut
Stops @ 1.6066
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Currency : EURO/USD
Time Frame : 15Minutes
Time & Date: 10:26am /25.02.2008 (GMT+8)
I Short @ 1.4824 because of a Rising Wedge BreakOut
Stops @ 1.4862
At the time of writing, I am at 7pips profit
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I went LONG when price breaks Resistance Fractals @ 1.4779.
Stops @ 1.4589 (Last Support Fractals)
Took profit @ 1.4913 (Stochastics OverBought)
I went SHORT when price breaks Support Fractals @ 1.4589
Stops @ 1.4922 (Last Resistance Fractals)
Took profit @ 1.4365 (Stochastics OverSold)
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The GJ trade was executed @ 1.24pm (GMT+8) @ 209.22, for 1 Lot.
I took the trade, because of Chart Pattern BreakOut, there was a Symmetrical Triangle prior to the breakout. The last resistance was @ 210.19.
Since GBP/JPY spread is 7pips, the ask price is @ 209.29.
1st sell stop is placed @ 209.27, as the price goes higher, the sell stop was moved to 210.38, the low of the last Bullish Candle.
The Sell Stop was met @ 2.42pm (GMT+8)
Giving me a total profit of USD83.21
End Of 1st trade