Monday, August 15, 2011

EURUSD 15 August 2011















Was away for business trip in China for last week.

It was a slow day with not much volatility.

The price was already trading above the cloud. Went long when the price traded up. Some retracement thereafter. The price continued to trend upwards. Closed out half the position initially and closed out the remaining when the price traded below the cloud.

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