Friday 9 April 2010

EURUSD - Trade 5 Short

Seen a similar trade setting up as the previous evening on the short side. Overall trend was looking down, so placed a short on a tight 15p stop.

Target was a healthy 75P to the previous swing low. However the trade was stopped out for a 15p loss.

Looking at both the 60 + 4hour chart, it seems we hit crucial support yesterday on the EURUSD and potentially a short term trend reversal.

Weekly Update

+30 @ 50% position size
+22 @ 80% last 20 stopped out at even.
+23 @ 80% last 20 stopped out at even.
-17 @ 100% stopped out.

EURUSD Overall = +58

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