This trade opened at the conclusion of the 1900 EST bar yesterday (2-26-09). I was in at 139.50 (the price moved up just a bit from the 139.43 close of the bar before I could hit the "sell" button). After a bit of horizontal movement the price dropped quickly at the open of the European session (the 0300 EST bar). I moved to break even when the price hit 138.50. I put a 50 pip trailer on at that point and when the price moved to 138.00 just after 0400 EST this morning my stop moved to 139.00. At this writing, the price is hovering around the 130.00 mark so we'll see where it goes today. If it gets to 137.50 my stop will move to 138.50 and will follow the price down in 50 pip increments. I've locked in +50, so if nothing else happens, I've booked a win (woo hoo!). As a wise man once said "you'll never go broke taking a profit".
Happy Trading!
Happy Trading!
