Thursday, September 20, 2012

EURO / USD: UPDATE Thursday 20th September 2012 04:58hrs

EUR / USD

As you can see from the chart below, I was stopped out by the spread or 1.2 pips.

Chart below:

 
 

 

Price has now made a move 50 pips lower and the trade would be in profit by 1.5%.

Stops have to go somewhere, its just a case of being lucky sometimes.

This is frustrating and it wont be that last time it happens, however it the important thing is that the trade was taken and the strategy showed direction.

Next time the trade will be a profitable one.

Have a good day and I will update again when the next strategy trade has been identified.

Regards

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