Turns out, leaving the trade on would have worked out ok. No matter... I had no way of knowing that going in. The decision was the correct one to make over time even if not in this particular instance.
Oz is looking up, and last hour formed an inside bar, so I'm playing the DIBS setup. (Appropriate stop on order 2, since I am going back to bed after hitting the 'Publish' button.)
Pending order(1): Long 12,432 AUD/USD at 0.6876
Pending order(2): Short 6,216 AUD/USD at 0.6918
Initial stop: 0.6834
Initial exposure: 42 pips, $52.22 or 15.00%
Yes, that's my biggest position yet in this account... more than 1 mini-lot, and each tick worth over $1.24. Exciting? Nah... it's just a bigger number.
Current closed equity: $348.19
Current position: flat
Current exposure: 0
Monday, November 10, 2008
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