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Friday, February 19, 2010

Quite the retrace...

Closed the second half of the position just ahead of the entry level for +3 pips.

That's the way the cookie crumbles in FX. Although not what I was shooting for in terms of profit, I can't complain having ended the week positive.

On the trading wires I follow, many a trader were screaming margin-call and such on the drop yesterday. Being on the right side of that move was the key to the week. Most of the rest of the time was spent wiggling without much conviction.

Have a great weekend!

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