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Tuesday, December 11, 2007

My EUR/USD Trade (11-12-2007)


*Attached chart. Click on it for the enlarged version.

Hello everybody. My trade today on the EUR/USD.

The 3:00pm (Singapore Time) candle, ended with a huge rejection. I do not need to explain any further. Upon finishing its form at the end of 3:00pm (Singapore Time), I initiated a short position at 3:59pm (Singapore Time) at the price line of 1.4721.

My stop loss is at 1.4735(14pips) and target profit is at 1.4695(26pips) which is just above my 200ma in hourly chart.

My target profit got hit at 6:24pm (Singapore Time). 26pips profit for today :)

Peace and trade safely everyone...

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