Trading Report - Moving Average Bounce

The moving average bounce trade had another profitable week this week. The results on the EUR were as follows :

• Monday - Filled all targets up to 10 ticks, with a 7 tick stop loss.
• Tuesday - Filled all targets up to 13 ticks, with an 8 tick stop loss.
• Wednesday - The first two trades were losing trades, but the third trade filled all targets up to 13 ticks, with only a 3 tick stop loss.
• Thursday - Filled all targets up to 28 ticks, with a 9 tick stop loss.
• Friday - Filled all targets up to 32 ticks, with only a 5 tick stop loss.

Your exact amount of profit will vary depending upon your target and stop loss, but as an example, trading 1 contract with a 10 tick target and a 10 tick stop loss, the moving average bounce trade would have made a profit of 30 ticks or $375, and with a 20 tick target the trade would have made a profit of 23 ticks or $287.50.

If you would like more information about the moving average bounce trade, complete information can be found in the moving average bounce tutorial.