15 December

Oooooooh yeah Baby! Another successful week. See how it all went down today...
From 7-9 p.m Singapore Time as shown on the graph;


Click to see a bigger picture:






High Price: 1.3516
Low Price: 1.3447
Difference between High Price and Low Price
= 1.3516 - 1.3447
= 69 pips

Therefore,
Stop Loss = 69 pips
Take Profit = 69 pips

(Risk Reward Ratio = 1 : 1)


How the Trade Went

Price hits my Take Profit before 1859 p.m. the next day. :)

Thus,

Entry = 1.3516
Stop Loss = 1.3447
Take Profit (Target) = 1.3585


Monday Result: 69 pips - 7 pip (Spread) = 62 pips

Profit: 62 pips x $0.25 = $15.50