My EUR/USD Trade (10-04-2008)

*Attached chart (Before). Click on it for the enlarged version.

Hello everyone,

I shorted the EUR/USD at 11:03pm (Singapore Time) | 3:03pm (GMT) at the price line of 1.5795.

It broke my support at 1.5810 - 1.5800. Fast [Ash C Wave] down, MAs kissing, [Ash Cross Over] long down and [Ash Down Up] thick red bar. Making sure I wasn't chasing price, I double check with 4 hourly chart.

My method of "Ambush" is being applied again. Forseeing a break out before it happens with good money management.

My stop loss at 1.5820 (25pips) and target profit at 1.5685 (110pips), last week's [Ash Weekly Pivot]. Risk : Reward = 25 : 110 = 1 : 4.4

Currently, I am 60pips in the money. Have shifted my stop loss to protective stop at 1.5775 (20pips in the money).

Will update as this trade goes by :)

Peace and trade safely everyone...