
04-18-2007, 09:31 AM
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Senior Member
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Join Date: Dec 2006
Posts: 710
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Quote:
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Originally Posted by omegavus
Hello, to all. Sorry for not posting earlier, but man, I need some time off.
Any way, here is my latest trade with the chart.
Bullish bias on the 4 hr, and confluence retracement on the big timeframe. RSI 5 min chart gave a buy sigal at the same precise moment.
I went long 2 contracts @ 1.9885, after the channel bottom rejection and Stochs and MACD confirmed it, with the RSI buy signal. Also, My Propietary MA's cross for an up run. Stop was at the 1.9865.
My targets were at :
Price Targets: ALL OF THEM REACHED!!! and surpassed!
Target 1: 1.9977026
Target 2: 2.0037
Target 3: 2.0134026
Exited At 2.0042 on the 30 min stoch cross and RSI 70 level and prices retraced below the Purple MA. Also, this was the top of the channel rejection.
Total of 157 pips x 2 contracts = $3,140.00. !!! My best trade EVER!!
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Very GOOD "omegavus" !!! 
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