Friday, September 5, 2008

Let's see if we can get lower.

Short 3050 EUR/USD from 1.4266 at 4:09a.

Initial stop: 1.4308

Trade began producing profits immediately, which is the point of the game. We've just challenged yesterday's low, which held, but may give way soon. Also, this is NFP day, so this could be very interesting. If this pair retraces too much and is sitting too close to breakeven when NFP is about to come out, I will close it. In fact, I'm moving the stop to breakeven next hour.

Current closed equity: $88.65
Current position: Short 3050 EUR/USD
Current exposure: $12.81 or 14.45%

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