Demo
Currency Pair: AUD/USD
Long
Method: PIPS Intra-day (6ema was at 0.7033, HMA turned Aqua, GRBB was showing Thick Green)
News (For Running Market Only): none
Global Stock Market (For JPY Pairs Only): N/A
Timing of News Release (GMT): none
Date & Time of Entry (GMT): 2008.12.18 09:01 (GMT)
Entry Price: 0.7038
Initial Stop Loss: 0.7003 35 pips
Basis of Stop Loss: Intended to be 30 pips but entry price changed. Decided not to change it
Initial Target Profit: 0.7123 (85 pips)
Basis of Initial Target Profit: Was meant to be 90 pips but price changed at entry, decided not to change
Planned Risk-Reward Ratio: 1: 2 .42 (Was Supposed to be 1:3 but as said decided not to change after noticing entry price had jumped up)
Stop Adjustments: None, I fell asleep after entering trade.
Exit Price: 0.7123
Exit Time (GMT): 09:49
Reason for Exiting the Trade: TP hit
Profit / Loss (Pips): 85 pips
Actual Risk-Reward Ratio: 1:2.42
Reflections: Should have been more diligent with adjusting stops. In stead I fell asleep. I do not want to monitor trades constantly so given that TP was hit within 48mins, I am pleased with a decent profit. Although it should have been 5pips higher if i had been more diligent.
