Tuesday 13th October 2009

There was an upward trend on both the 15minute and 1hour charts as we came into the London Session. We took a Long position when price closed above the 1.4793 Resistance line around 9:45am. This was a very interesting trade because we almost got stopped-out before price turned around and ended up in our favour.

Entry was at 1.4799 and the first position was closed at 1.4832 for a profit of 33pips around 11:30am. The second position was also eventually stopped-out at 1.4832 for a 33pip profit around 2:15pm.