Monday, September 15, 2008

Suppose now's ok too

Went long at 1.4229, right in this area which was resistance last week, and should now be support as we're approaching from the top. With there having been a gap, I know there was demand in this area, and we've had a period of selling during an uptrend that has poked right down into a place where recently demand exceeded supply. Good place to try a long... even with the open waaaaay up there.

Current closed equity: $59.15
Current position: Long 2800 EUR/USD at 1.4229
Current exposure: 42 pips, $11.76 or 14.66%

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