Monday 17 December 2007

European Session +50 pips

Closed short EUR/USD at 1.4377 for +24 pips
Closed short GBP/USD at 2.0126 for +26 pips

The profits came immediately soon after my position openings. But it nearly slipped away. From zero to a maximum paper gain of 70 pips, and backed down to 10 pips. I was hoping them to hit my initial targets of 80 -100 pips.

When the profits realised for the second time (though not as many as the first time round), I got out immediately. (I learnt my lesson here). All of these happened so quickly just in a span of an hour. The price action was simply too wild and I managed to convince myself to be flexible from time to time.

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