Thursday, April 9, 2009

Trade Result - EUR/GBP +30

This trade opened yesterday at the end of the 1000 EDT hour bar. I was long the pair at 0.9027. The pair went up well and almost got to break even, then fell back and moved sideways along the upper channel line. It started popping back up during the 0200 EDT bar this morning and hit break even a bit before 0400 EDT. I put a 10 pip trailing stop on the trade as it continued to move up. The pair topped out at 0.9087, then fell back and stopped us out at +30. The trade is illustrated on the chart to the right.

Happy Trading!