Nice little trade

19 April, 2006 (21:24) | Journal | By: Colin McGinley

A nice little trade today that netted 30 pips.

EUR-USD chart

Just a single lot entry as price was in Q4.  Entry was taken ahead of CPI number release.  I was hoping for more of a significant retracement, but went with what the market had provided.  The CPI number caused some dollar strength which met resistance at 1.23.  I would have bought again at this level but it happened while I was traveling into work so I missed it.  I’m only expected 30 pips from Q4 trades so I took it.

Trade result

Today’s trade result is the second line of the above two trades.

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