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Sunday, February 17, 2008

My EUR/USD Trade (14-02-2008)



*Attached charts (Before) and (After). Click on it for the enlarged version.

On the night of Valentine's Day, I initiated a long position on the EUR/USD.

With my quick analysis, I saw an opportuinity.

So I initiated a long position at the price line of 1.4623 at 12:01am (Singapore Time) | 04:01pm (GMT).

My Target Profit is at 1.4685 and Stop loss at 1.4609.

The next morning, I saw the market is a little bit not going my way with a loss of momentum. I manually close it for 8pips profit at 09:50am (Singapore Time) | 1:50am (GMT).

Peace and trade safely everyone...

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