Wednesday 23 March 2011

EUR/USD - pips in!

Everybody knows that deciding to stay out of the market is as hard as deciding to go long or short. Since the unfortunate events in Japan and Libya, the market has been hard to read and unappealing to me.

I entered this trade yesterday night following the signal Y (as shown on the chart) but one could've entered it today on signal T.

Entry: 1.4186
SL: 1.4219 (above previous high)
TP: 1.4136 (MR-2 or today's DR-2)

Yes, i know it was a conservative TP and i could have made another 30 pips.

Total profit: 50 pips

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