New Trade

Just did another trade...I shorted a half position of the Sterling/Greenback @1.6235. What does that mean, you ask? It means that Bob Iaccino (Trader Outlook) said there is a good chance we could rotate back up to the 1.6260 area before we hit the profit target. I use different techniques in my trading and it's important to realize that, for these strategies, they are placing the exact same trades that they point out to us.

Doing half positions is one of the Trader Outlook strategies that I am learning about...learning how to build a position slowly, in case of a retracement.