Nzd/Usd Trade Review 8 August 2011 - "9 Step Trading System"

A setup on the Nzd/Usd produced a 145 pip profit. Below is a trade based on the rules of the "9 Step Trading System".

*****
Thought of the Day
If you are not big enough to lose, you are not big enough to win.

Walter Reuther
*****


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


Entry Point at: 0.8341
1st Take Profit target: 0.8268
2nd Take Profit target: 0.8196
3rd Take Profit target, depending on your risk appetite 0.8077


Trading with one Standard lot you could have banked $1450 Usdollars.
Trading with 3 lots sizes:
1st lot $730
2nd lot $1450
3rd lot $2640
A total of 482 pips on the Nzd/Usd

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

Good luck and happy trading.

Hettie