We've just gone charging through yesterday's high after having retraced almost to the stop overnight. This is a good place to go ahead and move the stop up to the point that locks in a profit that is the same size as the original risk... 1R as Van Tharp calls it. If we get a consolidation pattern around these levels, it will be a good place to try stacking on an additional long. We shall see...
Current open equity: $422.97
Starting equity: $290.49
Current position: Long 3,822 AUD/USD at 0.6319
Current exposure: Locked in $43.58 or 15.00% of starting equity.
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