The hourly bars gave an 'inside bar' break signal in the long direction. With EUR having gotten so oversold over the last few days, I figured this was a low-risk point to try and catch a reversal. If I am wrong, I won't be wrong for long.
Previous equity: $113.04
Pip change: +43
Change: +$16.36
% Change: +14.47%
Long EUR based on DIBS setup at 2:16am:
Long 4425 EUR/USD from 1.4452 at 2:16a.
Initial stop: 1.4416
Current closed equity: $129.40
Current position: Long 4425 EUR/USD
Current exposure: $15.94 or 12.32%
Wednesday, September 3, 2008
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