My EUR/USD Trade (17-12-2007)

*Attached chart to this post, click on it for the enlarged version.

Hello everyone,

Today, I was looking at the charts out of boredom, my books are suppossed to be closed :P Hahaha.

Anyway, I saw on the EUR/USD that there was a loss of momentum on the upside plus my own analysis, so I initiated a short position at the price line of 1.4430 at 2:25pm (Singapore Time). My Stop Loss was at 1.4465(35pips) and Target Profit at 1.4320(110pips).

At 6:00pm (Singapore Time), I went out and I was already 50pips in the money. So, I shifted my stop loss to 1.4429, 1pip away from entry. Anything happens, at least 1pip profit :P Hehehe...

The current low for the day was at around 1.4330, dammit, an inch away from my target profit.

This trade is still open and an update on it will definitely be posted :)

Peace and trade safely everyone...