Thursday, September 11, 2008

Sitting tight

Trade is up pretty nicely as EUR/USD has taken a nosedive since last night along with gold, kiwi, Oz, and everything else that isn't the Dollar or the Yen. I am not a big fan of aggressively trailing stops. If this position should gain more than 200 pips, I'll think about either closing it or locking in 100, but until then I'm letting it sit.

Current closed equity: $59.21
Current position: Short 2100 EUR/USD @ 1.40543
Current exposure: +1 pip locked in, +$0.21 or + 0.35%

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