Wednesday, September 10, 2008

Moved order

Another potential setup has presented itself. This violates my usual rule about being long while below the open, but as I've said before, that's only a general guideline. The setup is a break of the high of the lowest low of the last 20 hours.

Pending order: Long 2800 EUR/USD at 1.4133
Initial stop: 1.4091
Initial exposure: 42 pips, $11.76 or 14.59%

Current Closed Equity: $80.63
Current position: flat
Current exposure: 0

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