March 3, 2009
By: Danelle
10 wins, 0 losses, and up 25.3%
Hi everyone. It's March 3rd, 2009 and I want to review our trade action...
The EUR/USD pair we bought into did rise a bit. We entered at 1.2587 but with a close trailing stop we wound up getting stopped out at 1.2594 with a $170 profit. Sometimes we trail the stop too close and lose out on some pips, but you know what they say... you never go broke taking a profit.
We had the same problem on the swissy. We got stopped out at 1.1739 on both lots for a total profit of just over $50.
However, the great news was the AUD/USD. We entered at 0.6334 on our two lots. The price continued to rise and kept going. Our take profit triggered on our first lot at 0.6440 for a profit of $1,100. Unfortunately, it turned and dropped again. We set a trailing stop on this pair as well, and the second lot got stopped out at 0.6426; a profit of $920.
Our profit for the day? $2,211.12. Our current stats for the month of March: 10 wins, 0 losses, and up 25.3% on our money.
Thats our trade review! Check out our Angel Pair Picks to see what we will be trading next! Good Trading Guys!
