Thursday, May 10, 2007
review 10-05-2007

review, downtrend continue after promising bull movement, after few time testing the support line it break towards 1.34++, however i manage to put long position using 4h macd technique with what i call waverider technique thanks to peter-forexfactory, after 20pips profit i close the deal to make sure im on track with current trend (rule 1: follow ur trend). As trend has been confirm, its the best to have an entry at the best position available. Short position was in and manage to came out with 64pips. (rule 2: It will be the best to target profit - when to exit entry, rather then targeting pips, since greed is alwiz be ur fren... ;) it would be the best to project ur target profit 50-60% of ur expected target profit)
don parasitamus

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