Shortly after sending the sell setup on the euro, it moved down about 40 pips from the initial sell zone at 1.56. The euro has moved back up and is currently at 1.5607. It’s important that you manage the trade and not let winning trades turn into a loser. If it comes back up like it did now, all that means is that we’ll get another chance at the trade. Stand aside for now and wait for the London and/or NY sessions to look for another setup.
Thursday, March 13, 2008
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