Awesome Oscillator Divergence in Euro Dollar - Trade Still Opened

May 25, 2009

Not a good idea to open a position before a major holiday.  The market has been quiet due to the U.S. holiday.  I opened a short position in Euro Dollar on Friday because of the Awesome Oscillator Divergence.  The limit sell was filled at 1.3965.  The original take profit and stop loss were 1.3865 and 1.4065 respectively.  The price of Euro continued to climb throughout the day Friday.  It came as high as 1.4051, just a handful of pips away to take out my position.  On Sunday night, during the Asian session, I adjusted the take profit target to 1.3945 and left the stop loss unchanged.  I just checked the price action.  My new profit target was almost touched, about two pips shy, before the price bounced higher again.

5/26/09:  Update

Awesome Oscillator Divergence Appeared in Euro Dollar 5/25/09

This entry was posted on Monday, May 25th, 2009 at 8:04 pm and is filed under EUR/USD, Awesome Oscillator. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Awesome Oscillator Divergence in Euro Dollar - Trade Still Opened”

  1. Simple Forex System Trading » Blog Archive » Awesome Oscillator Divergence in EUR/USD - Trade Closed with a Small Profit said:

    May 26, 09 at 3:28 pm

    […] is the update from the trade I opened before the Memorial Day weekend.  The euro finally retraced a bit at around 6 AM GMT and the position was closed with a small […]

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