Wednesday, 19 August 2009

Message 14

Just closed second trade as per below...that was a fast moving Euro (do not not the reason at the moment!). It broke above the small upward channel and is on the way to touching the 4H downward trendline (which is at 1.4140). I closed as

a) I've taken a fair few pips out of the market (don't be too greedy!)
b) Although there is some more upside, I don't have the luxury of being able to watch it, so am prepared to miss this potential upside and close for a nice healthy profit.

Trade 2
Closed at 1.4211 / +99 pips / +£479.79