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1/13/09 EURUSD Trade

Written by Hugh, on January 16th, 2009

Another surprise box trade.

Short 1 (200) @ 3289
Stop @ 3410 (-121)
Limit @ 2287 (+1002)

Click above for larger image

Click above for larger image

Moved my stop to 3284 (+5)
Moved stop to 3260 (+29)

Stopped out.  This was a pretty well executed trade, there is only one thing that I can see in retrospect that may help me in the future.  The third push out of the breakout was not successful and moved back into the dealing range.  That may have been a good signal to get out.  Price subsequently spiked up and stopped me out.

I am glad that I moved my stop because price retraced to pretty near my initial stop and had a good chance of going the other way.  I’m not too disappointed that the price moved in my direction after I exited because I protected my position.




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Category: My Trading   Tags: ,

This post was written by . His goal is to become a professional trader.