Monday, August 24, 2009

Long 1/2 position of EUR/GBP since Friday

This is a Trader Outlook trade that I initiated Friday:

I went long 1 Lot EUR/GBP @.8654 and sold 1/2 at .8681. Once I booked my $225 profit, I moved my stop to b/e (original entry point for the entire trade) and will hold the other half to my target of .8790. So now, I have a realized profit, the potential for more, and my risk is now zero.


If you want to learn to trade, Bob Iaccino (who's on TV all the time) is one source that everybody should use...I have learned so much, and for a bag of balls.

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