Forex Morning Trade System

6.8 21 July 2010

The Momentum at 7:15am candle was above 100 (but below 100,8) and CCI was also above 0, so we entered into a long position. Four more candles later the price almost reached our Profit Target (with only a few pips difference), but then fell sharply and hit our Stop Loss.

Result of the day: - 40 pips

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