EUR/GBP Trade Opened

June 11, 2009

Currently the trade is in the red.  At time of writing, it’s 45 pips against us.  I entered the buy order at 0.8550.  However, the price continued to move lower, although the divergence still exists.  The profit target is at 0.8600 and stop loss is at 0.8450.  Depending on how the market is, I will adjust the profit target later since tomorrow is Friday.  Most likely, I’ll be moving the take profit target from 0.8600 to the break even point of 0.8550.  I’d like to close the position before the weekend.

Previously about this trade

Euro pound awesome oscillator divergence trade on 06/11/09

This entry was posted on Thursday, June 11th, 2009 at 2:35 pm and is filed under Awesome Oscillator, EUR/GBP. 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 “EUR/GBP Trade Opened”

  1. Simple Forex System Trading » Blog Archive » EUR/GBP Position Still Open said:

    Jun 14, 09 at 11:48 am

    […] Previously about this trade […]

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