Tuesday, August 23, 2011

EURUSD 23 Aug 2011















Price action was kind of slow initially.

Placed stop in order for short. Short order was triggered later on. Set a target price to close half of the position.

There was price retracement. Thought that could be stop hunting. Placed a technical stop loss to close half of the position. Howevre, it was not triggered. Order removed.

Price moved lower. Reaching my target price. Half of the position closed.

After 1000h, news of new home sales released. Less than forcast. Closed half of the remaining position.

The remaining position was stopped out subsequently.

Good profit for the day.

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