Thursday 8 April 2010

EURUSD - Trade 4 Short - Tight Stop

Trying to sneak a move here on a tight 5 pip stop again. High chance of being stopped out.

Potential risk is 1 to gain 4 and leave 20% in the trade at break even.

Have I jumped in too early??

See how it develops (@12.04GMT)
Closed Position@Even - re-entered with wider stop and adjusted MM accordingly. Stop now 12 pips(@12:19)

Moved Stop to Break Even currently up +14 (@13:13)

Will leave trade till end of day see where it goes.

Update@16:52 - Stopped out at break even. Afternoon retrace perhaps, maybe another entry this evening.

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