Forex Trade - July 25, 2008

Another good trade to end the week. This trade worked a little like the day before, except my timing was absolutely perfect. This one never really went against me. And, the EUR/USD never broke through my upper barrier. It was moving upward right at the top line when I decided it was a good time to get in on a sell trade. This was the 2nd day in a row of going against the grain and trading in the opposite direction of the momentum. I wasn’t doing that just to be difficult, I just did it because I was trading in my range. I got into my sell trade at 7:20pm. I was out when my take profit limit was hit about 30 minutes later. The cool thing about this one was that I didn’t stick around to see what happened. I got into my trade and then went out to run some errands. When I got home I saw the results. Now, that is stress free trading!

Trade Summary:

Sell EUR/USD - 1.5687
Close Trade - 1.5682
Pips = 5

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