27 October 2009

27-10-09 EURUSD Trading

An ascending triangle breakout to the upside, after a drastic drop last night.
We enter a long @ 1.48844 (Market order) after seeing a breakout. 1.4880 will be ideal, but there's always a risk of missing the trade using limit order, queue at strategic spot. the trade is done at 22.30pm Chicago time.

At 2.00am Chicago time, the 1st Take profit pt was hit, with 30pips profit. The TP1 pt was 1.49150. Then we shift Stop Loss to 10pips profit @ 1.48944. And let the profit run towards TP2, which is at 1.49350 (50pips profit).

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