Wednesday, October 29, 2008

So it happened an hour later

The 7am candle formed an inside bar, so I'm using that one as the setup for the next long in this pair. With the spread, I'm just going to call it an even 100 pips.

Pending order(3): Long 2820 GBP/USD at 1.6100
Pending order(4): Short 1410 GBP/USD at 1.6200
Initial stop: 1.6000
Initial exposure: 100 pips, $28.20 or 15.00% of locked in equity ($187.98)

Current open equity: $263.04
Starting equity: $174.85
Current position: Long 2428 GBP/USD at 1.5750
Current exposure: Locked in +$13.13 or +7.51% of starting equity

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