Today it's Friday 12th December 2007 - a really tough trading day! Here is my trade:
As you can see in the chart EUR/USD plunged from 1.4655 to 1.4482. I decided to go long when the first green lage candle would appear, it was not really an bullish engulfing pattern, but the candle was bullish. With the open of the next candle I buy at the market. My position was filled at 1.4498. I place an OCO Order: Sell-Leg at 1.4523 (23% Retracement) and a Stop-Loss at 1.4480 (my spread under the current trading day low).
The following 90 minutes were quite interesting. The market came down again and my Stop-Loss was in danger, but the pair rose again and my sell position was filled at 1.4523 and I was out of market and made a nice profit of 25 pips.
We will see what will happen in the next few hours. I will not trade again this week, the market is not really predictable at this time. Next week we will see, how I can make money!
Have a nice weekend!
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