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Trade Alert Review: EUR/USD sent on Jan 2, 2012 8:05pm (Profit)

This alert was sent with the information below:

Happy New Year.

This is a trade alert for EUR/USD. To find out the reason for this trade, please go to http://chartingacademy.com to find out why.

Entry: Above 1.2960 but below 1.3010 (note: the higher you enter, the further your cut loss)
Stop loss: Cut if it closed below 1.2857
Profit: Set trailing stop once in profit.

Note that this is a high risk trade as you will be going against the trend and market is low volume due to holidays.

Disclaimer applies. This is an opinion, not an advisory services. Please consult your broker before you trade.

Now that the trade has completed, let’s review what happened.
EUR USD Chart
Nicely, right after it hit the Entry Price at 1.2960, it did not retraces down and continue to go up. Which means, right after entry, it went into profits right away! (Note: Not all trade will be in profits immediately). It went to as high as 1.3076 which is about 116 pips. Granted, no one can have the maximum profits, but if we half, that would be easily 50 pips, which is quite reasonable, right?

I received quite a lot of emails stating that there are out of this positions with profits.

 




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