EUR/GBP Position Still Open

June 14, 2009

Somehow, I allowed myself to hold this position over the weekend.  What a risky thing to do.  The long position was opened at 0.8550, profit target at 0.8600, and stop loss at 0.8450.  As of the Friday close, the price stood at 0.8517.  However, on Friday, the price went as low as 0.8480.

Market is about to open soon.  We shall see what happens.  I still may move the take profit target from 0.8600 to somewhere at break even or near break even.

Previously about this trade

This entry was posted on Sunday, June 14th, 2009 at 11:48 am and is filed under 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 Position Still Open”

  1. Simple Forex System Trading » Blog Archive » EUR/GBP Trade Closed said:

    Jun 15, 09 at 2:17 pm

    […] Previously about this trade […]

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