Archive for March 20th, 2009
EURUSD: 90 Pips Profit
I had closed my position at 1.3582, 90 pips profit.
But since I had only traded at 1/3 of my usual contract size, effectively my profit is 30 pips.
Original trade:
Shorted EURUSD at 1.3672
Stop level at 1.3820
Target level at 1.3523
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EURUSD: Open Short Trade
Shorted EURUSD at 1.3672
Stop level at 1.3820
Target level at 1.3523
As the stop is very wide, I had reduced my contract size by 1/3.
So if this trade reaches the target level, my effective profit is only 49 pips.
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