On the chart to the right, note what the price did after I closed my position with a slight loss. For those who were not paying attention before, the green base line below was our profit target. The pair came down and landed square on the green base line during the 0900 EDT hour bar. Barely an hour after I closed the trade it moved in my direction 60 pips. Sigh.Oh well, I'm sure there's a lesson in this somewhere. If I figure it out I'll tell you.
BTW, the EUR/USD trade is open and profitable. I'll report on it in the morning.
Happy Trading!
