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Thursday, February 05, 2009

Back to the Nickel and Dimes.....

Traded the EuroFX Futures in the overnight session.....

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1 trade of 6EH9:
long @1.2759, initial stop@1.2751, closed@1.2769

The Euro spent all its energy trying to reach 1.2755, so there was low probability of it breaking below 1.2755, at least not on the first attempt. I entered a little too soon, as I should have waited for confirmation of the reversal @1.2755. Nonetheless, i was playing the probability of the reversal, it happened, reaction of 15pts, and I caught 10 of the first thrust of the initial reversal.

Next......

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