Forex Trade - November 12, 2008
Here’s a change…a morning trade! I didn’t get to trade last night. I spent the day golfing with Johal. Yes, golfing. It was pretty damn cold outside. I still managed to shoot an 88. You know what helped? Brandy! A couple shots of that stuff will really warm you up. Anyways, I finished up and headed downtown for dinner with the girlfriend and some of her family. So, no time to trade. I was up very early this morning so I figured I might as well get into the charts. It has been a very long time since I dabbled with trading during the morning. one thing I love is the pip spread being at 0.9! My god, if I had that at night I would be making a killing. The action is much faster and you really have to be confident in your choice. I got into a buy trade around 8:09am and was out about 2 minutes later. I only bagged 2 pips, but I was OK with that. I was more nervous about my exit than I am in the evening. I could have stayed in this trade for a few more pips. It wasn’t worth the risk though. This trade actually worked against me for about 10-12 pips at one point. I was confident I would go to the positive but I wasn’t sure how much it would go for. 2 pips is 2 pips! It is still a helluva lot more than the bank would ever give me in interest payments.
Trade Summary:
Buy EUR/USD - 1.2527
Close Trade - 1.2529
Pips =2
Tags: Forex, Forex blog, forex day trade









