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Welcome! we trade using our proprietary Peace-Of-Mind(TM) trading strategy on a medium time-frame. Our analysis is done on daily candles and trade entered based on hourly time-frame. We have a 50% profit target monthly and usually final result could be lower or higher depending on how profitable the month has been.
We believe in SIMPLICITY and trading should be fun and do NOT advocate sitting in front of the computer all day trading... just too stressful. We post our trades history (statements) on this blog (a picture is worth a thousand words!) so you can see the actual trades we traded and the results.
As an engineer by training, I believe in an efficient system that requires the least INPUT to achieve the most OUTPUT and this is the principle we follow.
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GBPUSD trade -- #Nigeria #forex #signals #investment

Thursday, August 08, 2013 | Posted by | | | Edit Post
BUY = 1.5492
SL = 1.5403
TP = 1.5728
R:R = 2.6X

UPDATE:
Upon updated analysis, we have modified our TP to 1.5574 and new R:R= 0.8X. Do modify yours also. See updated chart below:

UPDATE 2:
Upon the start of a new trading week, further analysis of our carry over trade of last week has made us modify the TP once more to 1.5540 for a new R:R = 0.5X. Do modify yours also. See chart below:

UPDATE 3:
After 72hrs of trade and neither SL or TP hit, we have reached maximum open trade time and so we close trade immediately at price = 1.5457, which gives us about 4% loss. Do close yours immediately also. See Chart below:

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2 comments:

  1. FX ProAugust 25, 2013 at 6:26 AM

    Thanks for sharing such useful information. The information provided is very very niche and this information is not available so easily. Therefore I thank the writer for the useful input.

    ReplyDelete

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