Wednesday, October 15, 2008

How do you say 'Boo-Yah' backwards?

This pair is breaking down very nicely. The trade is positive by more than 300 pips... the only thing is that the fall has been so precipitous that there's been no place to stack on any additional size. Cry me a river, huh?
Anyway, the stop is moved to the entry price to lock in at least 1/2 of the amount originally risked for a profit.

Current closed equity: $221.33
Current open equity: $272.14
Current position: Short 1932 EUR/JPY at 137.25
Current exposure: 75 pips locked in, +$14.33 or +6.92%

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