5 February 2009

5 February 2009 (17:28) | Journal | By: Colin McGinley

The curse of the first trade of the day strikes again. Well not really curse, more like importance.

It’s the only trade I haven’t been able to close out today, although price action going into the end of the NY session and the prospect of another horrible NFP number tomorrow has me more confident than worried that I’ll be able to close it out for at least breakeven in the near future.

Just under 1.2800 is still a big support level so it’ll be interesting to see if it survives the rest of the week.

  Trade    Market         Direction   Entry           Exit           Pips  
  1 EUR/USD Short 1.2800 1.2790 10
  2 EUR/USD Short 1.2820 1.2810 10
  3 EUR/USD Short 1.2870 1.2860 10
  4 EUR/USD Short 1.2800 1.2790 10

Total daily pips: 40

EUR/USD chart - 5 February 2009

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