Thursday, September 30, 2010

EUR/USD Mini Range Break


An excruciating trade over 14 hours. The EURO popped out of extended consolidated price. I entered on the retest at 1.3607. Price then proceeded crawling in a narrow range and almost stopped me out (1 PIP to spare). I stuck with it and got within 1 pip of my target (of 40 pips) overnight.

I closed the position early in the morning with +23 pips as liquidity dropped off after the US session.

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