update on LMT Forex Formula Test
In my last post I told you that I would keep you updated on my test of the LMT Forex Formula. Well, I am now in the second day of a long trade on the EUR/USD and am currently in profit 140 pips. As per instructed by the program, when my first target was hit, I moved my stop loss to the break even point, thus ensuring that I would have a no lose trade if the market suddenly turned against me. Currently, I have moved my stop loss even further up to ensure a minimum 60 pip profit.
So far the indicators are still in an uptrend, with no exit indications. I am going to ride it out and see where it goes.
The hardest part of this is not using it, it is taming this day trading habit of sitting at my computer and watching the screen. Since it uses the daily charts, you really do only need to monitor it no more than 15 minutes a day.
I will continue to keep you posted. In the meantime, go over to the ad on the sidebar and order this system before they raise the price.
Good trading,
Mark
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