Thursday 29th October 2009

Thursday's trading started with strong positive divergence on both the 15minute and 1hour charts. We went Long when price breached the 1.4745 Resistance line around 10am. Entry was at 1.4746 and the first position was closed at 1.4772 for a profit of 26pips. The second position was closed at 1.4790 the next day for a profit of 44pips.