Thursday, October 16, 2008

10-16 EUR/JPY Trade


This trade was purley TSR and additional confirmation from an extension (thanks for those extensions Chris!!!). After the drop late on 10-15, this pair was rallying before the open of the US Equities market, and rallying right into a pretty strong price level. I traded it on a surge to my level and banked some profit with 20+ and left around 10% in the market. With the equities all over the board, this could stop me out, or I could be in for the ride of my life...WHO KNOWS?

All I KNOW is I traded what I saw, I managed the trade and the market was generous enough to give me some profit.