Today reveals a strong bullish reversal in progress. The trade was up over 1000 pips again just after the NFP report, but in the next 2 hours, the pair raced higher taking out the pre-NFP highs and making for the trailing stop like it meant business. After several days of weakness, the risk is all to the upside, so this is a fine time to lock in a triple. I'm pretty sure the trail will be hit before a new low is made. If so, this will have proven to be the right move. If not... well, it's not optimal, but it's not too bad either.
Next deal may be long EUR. GBP is freakishly volatile right now, and I don't know that I want to mess with it... but I may not place an order at all, since London close is upon us.
Previous equity: $29.54
Pip change: +827
Change: +$61.04
% Change: +206.64%
Current closed equity: $90.58
Current position: flat
Current exposure: 0
Friday, October 3, 2008
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