Trade Review 4 May 2011 - "9 Step Trading System"

A setup on the Aud/Usd produced a 68 pip profit. Below is a trade based on the rules of the "9 Step Trading System".

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Thought of the Day

Sometimes your best investments are the ones you don't make.

Donald Trump
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The 9 step system gave a SELL setup on the: Aud/Usd


Entry Point at: 1.0939
Take Profit at: 1.0871

This was a 68 pips profit.

Trading with one Standard lot you could have banked $680 Usdollars.
Trading with 3 lots sizes your profit on this trade could be 150 pips plus depending on your risk appetite.

Please visit my blog to view the trade discussion on the Nzd/Usd which delivered 23 pips on the 1st lot 46 pips on the 2nd lot and an easy 122 pips on the 3rd lot.
A total of 191 pips on the Nzd/Usd

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

Good luck and happy trading.

Hettie