One Euro trade

April 8, 2008 – 6:02 pm

Monday, I had a couple of currency pairs in my box. Generally, I am bullish about Aussie dollar, EURO, and kinda bearish about GBP. I went in for long positions with EURUSD, AUDUSD, and do a intraday short of GBPUSD.

GBP trade was a crap. It was a bad-timed entry. Nothing to write home about. I got -1R on this, smaller than normal R-sized for this trade though. EURUSD was a surprise. I was thinking the trade might be going nowhere, but heck, profit target 1.5800 was achieved during Tuesday asian session. Not too bad for a night’s work, around +90 pips profit. -)

Here is….CHART! another trading course commercial-like chart. lol

From the desk of Tradergav.com


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