Thursday, July 14, 2011

EURUSD 13 July 2011 - 2
















This is the subsequent movement of the price for the post earlier. At 1000h, the price shot up triggering a stop loss placed above the cloud.

It is quite unfortunate as the price traded below the cloud one the trade initiated at around 0850h.

Nevertheless, its always important to place stop loss order for situation like this.

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