Monday, September 1, 2008

No day off here...

The markets appear to be getting some serious moves on even with the US holiday. There is an 'inside bar' setup in EUR/USD, which I want to short if it breaks to the downside. Setting the order and going back to bed.... either it gets triggered and stopped out with a small loss, goes for a big gain, or doesn't get hit at all.

Pending order: Short 3500 EUR/USD at 1.4626. Initial stop: 1.4650
Risking 24 pips at 35 cents per pip making the exposure on this trade $8.40 or 8.11%.

Current closed equity: $103.60
Current position: flat
Current exposure: 0

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