Wednesday, December 3, 2008

Happened so fast...

... that I couldn't log the setup before the trade was on! The idea was to short the EUR/USD at the low of a prior inside bar. I gave it a few pips extra to run also, since 60 seemed about the minimum distance I wanted to trail. Now I'm in and the pending order is thus:

Pending order (2): Long 3,181 EUR/USD at 1.2596
Initial stop: 1.2716
Initial exposure: 60 pips, $38.17 or 15.00%

Current closed equity: $254.46
Current position: Short 6,362 EUR/USD at 1.2656
Current exposure: 60 pips, $38.17 or 15.00%

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