The merry trade begins. Last week I left some comments on the euro, EURUSD trend. But prior to that I had taken a up a very low risk trading position with only $10 per pip. The trade has since grown from 1.2182 since April 17, 2006. 
At the moment, my trade is still on. If I have taken my profit last Friday @ 1.2633, it would already have given me a cool 451 pips from entry.
Where does the trade go from here?
We still see a further high from here. I have made up my mind to stay on the trade and let the ride run. Unless there is a pull-back of over 50 pips. In which case the trailing stop loss would take me out.
Beside this traded entry, I also traded the euro, EURUSD and Cable, GBPUSD on a daily bases to some handsome profits last week. Why trade both at the same time? The truth is these pairs tend to track one another.
If you have been following our trade reports on Thursday you would have noted that the initial range I had expected have been reached. I hope you all play your trades wisely next week. It’s not over yet..
Have a great day of trading. If you enjoy this post please share your thoughts below.
—————————————————–
REMEMBER: “A Mentor’s footprint is worth a thousand walk of trailblazing. Seek the WISDOM of the fore-runners.” – Benny.
Leave Your Response
You must be logged in to post a comment.