Following on from my successful 40 odd points from the DOW, I had another success with the EURUSD. I shorted the market at 1.4645 and it was drifting nicely south when it made an upward push against my position.. my stop was at 1.4670. Market fell and I had my limit at 1.4622 for 23 points.
There was a huge drop with the EURUSD and my system had indicated a short entry at 1.4270.. this would have been a lovely entry and very profitable.. however, as you know, I work a 9-to-5 job so was unable to enter. However, my long at 1.4241 last night with an exit price of 1.4290 yield a nice 49 pips. I have just entered long 1.4175 now with a stop at 1.4135.. let's see how it goes...
As the annotation goes, I'm glad that I didn't take it.. the markets may well go south but from the initial point of where I thought could have been an entry, it would have been a disaster for a daytrade. The market shoots up to 161.90 before it dwindling around doing not much. A daytrader would be quite nervous at this stage.....
