Forex Trade - August 29, 2008

Finally!!!  I made a trade last night.  Wow, it has been a long time since I last had a trade.  There were a couple of days where I was just too busy.  And, there were a couple of days where things didn’t feel right.  Yesterday felt absolutely perfect.  The EUR/USD was playing in a nice, consistent range throughout the evening.  I set up my upper and lower barriers and waited for the currency to approach them.  At 7:45pm there was a nice spike upwards towards my top barrier.  Now, I waited and did some confirmation on this.  Nobody wants to get into a sell trade during a large upward movement.  I did my checks and figured that this was just a little blip that was going to drop right back down.  I got into the sell trade and was rewarded pretty quickly.  I will have to check my records, but this might be the quickest I hit profit using my new and “slower” strategy.  My take profit target of 5 pips was hit after just 4 minutes!  Damn, that’s quick.  I am so proud of this one that I grabbed a screenshot for all to see.

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