Friday, July 24, 2009

Took profits on half the trade

For the second time in less then a week I missed being stopped out by a couple of pips. I went long EUR/JPY a half position at 135.16 and then went long another half at 134.39. Since then, I sold that second half for a $400 profit and still hold the original half.

The original trade was care
of Bob Iaccino, and I used my charts for the second position that I initiated...the charts showed panic selling (bad Microsoft numbers,) and nice basing after the mini correction.

Because of Trade Triangles, I also went long in my intermediate account because of the new weekly up triangle issued in the EUR/YEN ...

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