If you read Friday morning's post you know that the first half of this trade opened Thursday afternoon at the end of the 1300 hour bar at 1.5341. As I set out in my last post, this trade moved down pretty good and, by the time of the post I' d moved to break even, put a 20 pip trailer on and saved 20 pips. The second half of the trade opened at the end of the 0900 EDT hour bar at 1.5255. The pair continued down pretty well for the next half an hour and came so close to getting to +30 pips (29.5 pips) that I moved this half of the trade to the same stop, with the same trailer, as the first half. Unfortunately, that was the end of the move on Friday, and the pair reversed and took out our stop at +60 for the first half and -26 for the second half. As we did this trade in half units, our total for the trade is +17. Oh well. We'll keep our eye on this pair to see if it stays in the channel for a time or, in the alternative, busts out at the top. I'll keep you posted.
Happy Trading!
Happy Trading!
