ForexSpirit

Another big up day for the Euro, and my entry from way back on April 4th has finally made a nice few pips.  100 of them in fact.  Not bad for a Q3 entry.  CPI data comes out tomorrow and in advance of that I expect a slight retracement.  If it does I’ll most likely get in again.

My April 4th entry is the highest blue entry triangle on the chart, and today’s exit is the hightest red exit triangle.

So hanging onto positions, even though they were well into the red, all turned out ok, as long as belief and confirmation of the one direction remained true.  This month has certainly increased my confidence in the 4×1
methodology.