GU M15 - 8 June '09

Daily bias: Bearish (GU M15 had opened the week below the Daily PP)

1st Trade
Time: 03:30 GMT
Buy/Sell: Sell
Level: 1.5960
Trades: 2
Lots: 5 per trade
SL: 1.6063 (10 pips above Daily PP)
TP: 1.5868 (Daily S1)
Re:Ri = 92:103 (0.89)
Remarks: Low-confidence entry despite bearish bias and trend, due to low Re:Ri. SL adjusted to B/E mid-trade.
Outcome: 2 x 5 x 92 x 10 = USD9,200.00

2nd Trade
Time: 08:45 GMT
Buy/Sell: Sell
Level: 1.5876
Trades: 2
Lots: 10 per trade
SL: 1.5896 (20 pips above)
TP: 1.5753
Re:Ri = 123:20 (6.15)
Remarks: Medium-confidence entry despite bearish bias and trend as GU has dropped close to 400 pips already without significant retracement. SL adjusted to B/E mid-trade.
Outcome: 2 x 10 x 0 x 10 = USD0.00 (Break-Even)

3rd Trade
Time: 13:30 GMT
Buy/Sell: Buy
Level: 1.5876
Trades: 2
Lots: 15 per trade
SL: 1.5846 (20 pips below Daily S1)
TP: 1.6053
Re:Ri = 177:30 (5.90)
Remarks: High-confidence entry despite bearish bias and trend, due to failure to hold below Daily S1... signaling retracement potential. Good Re:Ri. SL adjusted to B/E mid-trade.
Outcome: 2 x 15 x 177 x 10 = USD53,100.00.

4th Trade
Time: 19:15 GMT
Buy/Sell: Sell
Level: 1.6053
Trades: 2
Lots: 15 per trade
SL: 1.6073 (20 pips above Daily PP)
TP: 1.5868
Re:Ri = 185:20 (9.25)
Remarks: High-confidence entry. Solid Re:Ri. SL adjusted to B/E at earliest opportunity.
Outcome: 2 x 15 x 0 x 10 = USD0.00 (Break-even)

5th Trade
Time: 21:15 GMT
Buy/Sell: Buy
Level: 1.6063
Trades: 2
Lots: 10 per trade
SL: 1.6033 (20 pips below Daily PP)
TP: 1.6167
Re:Ri = 104:30 (3.47)
Remarks: Medium-confidence entry despite bearish bias and trend. SL adjusted to B/E mid-trade.
Outcome: 2 x 10 x 0 x 10 = USD0.00 (Break-even)


TOTAL = USD62,300; Success Rate: 2/5 (40%)


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