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Friday, October 30, 2009

Tuesday 27th October 2009

We had a bit of retracement during the Asian session but the downward trend continued during the London session on Tuesday morning. We however did not have a clear entry till about 2:30pm when price closed below the 1.4858 Support line.

Entry was at 1.4856 and the first position was closed at 1.4790 around 3:15pm for a profit of 66pips. The second position was stopped-out at 1.4833 around 8am the next morning for a profit of 23pips.

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