Nzd/Usd Trade Review 4 May 2011 - "9 Step Trading System"

A setup on the Nzd/Usd produced a 46 pip profit. Below is a trade based on the rules of the "9 Step Trading System".

*****

Thought of the Day
Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.

Thomas A. Edison

*****


The 9 step system gave a SELL setup on the: Nzd/Usd


Entry Point at: 0.8072
1st Take Profit target: 0.8049
2nd Take Profit target: 0.8026
3rd Take Profit target, depending on your risk appetite 0.7950


Trading with one Standard lot you could have banked $460 Usdollars.
Trading with 3 lots sizes:
1st lot $230
2nd lot $460
3rd lot $1220


A total of 191 pips on the Nzd/Usd

Congratulations to those who profited from these trades, keep up the
good work!

Good luck and happy trading.

Hettie