EUR/GBP 10/15 CCI
July 02, 2008
The CCI went below 100 at 3 GMT, so I placed a sell limit at .7925. The order was filled at 3:09 GMT. For the next 3 hours or so, the order was in the red. At one point, I almost got stopped out. The stop loss was placed at .7940. The price went as high as .7938 before coming back down. Since this trading system is mainly for the quiet session, i.e., after the US close, and before the Europe open, I really wanted to close it before London opened. So I moved the take-profit target to the break-even level at .7925 at 6 GMT. I got out at 6:24 GMT. There is no profit or loss for this trade.
