Site Meter The Lawyer Trader: Update: Live Currency Trade

Monday, November 3, 2008

Update: Live Currency Trade

Just hit the profit target on the trade. The trade lasted 2 hours total and booked a profit of 77 pips. Below is the hourly chart showing the profit target (green line) being taken out. Nothing left to do but sit an wait for a new signal...maybe there will be a nice rally back up to the long ema line that will offer another good entry.
I'll also be looking for a squeeze trade (using the indicator on the bottom of the chart) this afternoon but first we'll need to see some congestion and tightening for that setup. I'll save the explanation of the squeeze set up for when I get a signal...it's a very interesting and profitable setup.

Good luck out there.

TLT

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