Thursday, May 10, 2007

TRADE CLOSED WITH 22 PIP PROFIT

Okay.

Trade closed at 3557 for 22 pip profit. From the entry at 3535 with stop at 3515. Target is still 3591 but I hope to get back in on a pullback to around that 3535 area.

If I can, even if we only get up to 3 bar again that's another 25 pips and that would be around 45 pips gained on a 30 pip move. Do you see the logic?

These are the tactics of trading with minimal risk. Yes you miss some moves but it keeps you in the game and keeps you in a positon to take advantage of moves because your profit cushion relieves your fear.

Jerry
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