Monday 19th October 2009

Monday's trading started with an upward trend following positive divergence on the 15minute chart. There was a breach of the 1.4906 Resistance line around 7:45am. We took a Long position at 1.4908 and the first position was closed at 1.4936 for a profit of 28pips around 8:45am. The second position was stopped-out at entry at 1:30pm.