After today's action having traced out an 'inside day', the low of the day gives me a good place to move my stop. I definitely want to avoid trailing too closely, and I'm leaving a few pips for holiday-widened spreads; however, a break of a low of an inside day is likely to lead to further weakness, so that's where I'll stop out.
Current open equity: $392.10
Starting equity: $290.49
Current position: Long 3,822 AUD/USD at 0.6319
Current exposure: Locked in $61.01 or 21.00% of starting equity.
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