Tuesday, September 16, 2008

Next setup...

EUR/USD broke lower on Fed release. If this hour's high is taken out, I want to be long. I want to be long this pair anyway, and getting long at a place where lots of shorts are proven wrong is a good idea.

Long 1800 EUR/USD at 1.4159
Initial stop: 1.4117
Initial exposure: -42pips, $7.56 or 14.62%

Current closed equity: $51.71
Current position: flat
Current exposure: 0

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