Monday, September 1, 2008

Stop moved

Just moved the stop down to breakeven -2 pips to lock in a very small profit. If the high of this hourly candle is exceeded, it is a probable reversal pattern. Giving it just a couple of pips above the high makes my choice of stop a logical one, since little fake-outs are so common in forex and especially on short-term charts.

Current closed equity: $103.60
Current position: Short 3500 EUR/USD at 1.4626
Current exposure: +2 pips locked in for +$0.70 or +0.68%

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