ForexSpirit

This morning I started off with having to deal with a mistake. I left a buy limit order at 1.2800 active overnight which is something I should not be doing.

The order got hit at 6:45 am EST and I was left pondering how to handle it when I opened up my trading platform and spotted it. Even though my preferred direction was to short I felt I would only do so somewhere around 1.2800 or above and so I just moved my profit target to 1.2801 for the open trade, effectively looking for a breakeven.

Things worked out and I was able to close that trade for 1 pip of profit.

I was waiting for some directionality in the afternoon but things remained rather stagnant and rangebound. I was looking to short again from the 1.2750 level for a while but price never quite made it. I didn’t want to attempt a short at 1.2740 as that was bang in the middle of the congestion, which has stung me too many times in the past. Played it safe in the end which worked out fine I guess!

25 February pips: 20