Thursday, October 6, 2011

EURUSD 05 Oct 2011 Ichimoku Trading















Another day where not much had been made.

Price was trading upward before 2000h, and began to retraced just before 2000h.

Awaited the opportunity that would be arising. Finally the tenkan-sen cut below the jikun-sen. Placed a stop in order awating to get stop in. It happened 2 minutes later.

Price did not trade lower significantly. It was congested and traded sideways.

In anticipation, a limit order to close half the postion was placed, and subseqently cancelled.

Had shifted the stop loss lower, since the price was not moving what had been expected.

Stopped out.

Call it a day...

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