October 30, 2008
By: Stephanie | Posted:October 30, 2008 12:00 am
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Hi everyone -- Today is Thursday, October 30th, 2008. Let's review our trade action from today...
If you've been following along, we were trading 2 pairs -- The USD/JPY and EUR/USD.
The Yen pair did go up. Our 15 pip trailing stop moved up with it, but then there was a selling surge which took out our trades leaving us with a modest profit of $162.60.
The EUR/USD pair was the most surprising. We entered a long position at 1.3162 and set a Take Profit order at 1.3282. Well, the price climbed like we expected, and within an hour and a half we hit our 120 pip take profit on the first lot. Unfortunately, after reaching a high for the day of 1.3297, the Bears came to power and pushed the price back down. All the way to our original stop loss on the second lot.
So the first lot made us almost 1200 dollars. But the second lot stopped out at a $2,000 loss.
Hey, this month we've had 22 consecutive profitable trades for a total profit of $29,781.57 before that one. You can't win on all your trades, right?
Thats our trade review for today! Check out our Angel Pair Picks to see what we will be trading for tomorrow!
