Trade Update

Now I don’t normally swing trade – I am usually a day trader, closing out all my positions by the end of the European session.

Recently, I have been experimenting with taking profits at predetermined price points with half of my position and then moving my stop to break even (+spread) and seeing where the “free trade” will take me.

As you know from my last post, I took profits on half of I trade I initiated at 1.6007. The other half has seen some turbulence, but now offers a profit of about 220 pips. I said I was going to let her run to support, so I still have about 400 pips to go.

I also stated in the last post that I would be adding to my short position at key levels. I was stalking 1.5888 right after the London open last night and lost my internet connection! No add on trades as of yet, but stay tuned as 1.5750 looks like a nice area of support. Once pierced I will look to enter short on a retrace.

Until then, good trading to you all.