Wednesday, November 19, 2008

This one got a little complicated

This pair broke way higher, and has since reversed hard... thinking about shorting it now, but that's another post. When the pair hit the pending order, apparently the spread was so high that OANDA canceled the order. This has happened before. Sometimes errors like this inure to my benefit, and this was one of those times. I'll take it, but I'd rather have perfect execution on my part than have luck occasionally drop a few pips in my pocket. Since I closed 1/2 the position at 1.2740 instead of the planned 1.2713, this setup resulted in a win instead of a breakeven.

Previous equity: $215.23
Change: +$7.09
% Change: +3.29%

Current closed equity: $222.32
Current position: flat
Current exposure: 0

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