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June 30, 2010 EURUSD London Trade

Here is a London Trade with the EURUSD.

London Trade

Click above to enlarge

Price looked like it would head back down, so I took a short position on this trade.  Things were looking good, then there was some news or something that caused the market to jump up.

When I looked on the calendar, there was nothing that should have caused the jump in price.  There wasn’t much I could do, I could only take the loss and move on.

The final result was a -1.7% loss.




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Dear sir, sir,ineed ur help or suppor.how can i trade well and how can i put lovels from the candals.if u can help then support me plz.Thanks & Regard" Muhammad Atif

Hi Muhammad,What kind of education have you gone through so far?Hugh