Message 21

Just entered long @ 1.4301 with 3% of captial at risk - 42,000units - 50pip hard SL.

Will explain why later...

Edit: 13.00

I entered the long due to:

a) The price rebounding of the 1.4280 support area on the 4H chart, and
b) The EZ Industrial New Orders m/m coming in at +3.1% compared to a forecast of +1.7%, which indicated manufacturers purchase orders are increasing in value more than expected over the last month - thus it is a good indicator of production levels.

The target area is the current resistance area of 1.4340-50.

Trade 5
EUR / USD - Long - 42,000 units @ 1.4301 - Hard 50pip SL - circa. 3% of capital at risk

As this is a short term-ish trade and I am only looking for 40ish pips the stop-loss is smaller than usual.