Friday, September 12, 2008

Now what?

The shorts are getting blown up today. Probably about time. Set up an order to buy 2050 EUR/USD at a 3-day high of 1.4179. It just got triggered as I was typing this. I decided to buy there because a violent snap-back will have to go through there on it's way back up to the 20day moving average. It's risky, but that's why I play this game.

Current closed equity: $59.15
Current position: Long 2050 EUR/USD at 1.4179
Current exposure: 42 pips, $8.61 or 14.56%

No comments: