Friday, December 19, 2008

Stack attempt

Having broken down heavily, EUR is consolidatin around 1.40. If it should break the lows of the last 2 30-minute bars, I'm going to go short and hopefully get some more size into this trade. I'm keeping it close... only 44 pips at risk and $5, which represents a little less than half the open profit.

Pending order (2): Short 1,136 EUR/USD at 1.3992
Pending order (3): Long 568 EUR/USD at 1.3948
Initial stop: 1.4036
Initial exposure: 44 pips, $5.00 or 37.57% of open profits.

Current closed equity: $63.69
Current position: Short 708 EUR/USD at 1.4180
Current exposure: 135 pips, $9.56 or 15.00%

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