Thursday 12th November 2009

Thursday's trading started out in the downward direction. We were therefore primed for a Short trade and finally found a good opportunity when price breached the 1.4968 Support line around 10am. Entry was at 1.4966 and the first position was closed at 1.4941 for a profit of 25pips. The second position was also closed at 1.4941 around 3:15pm for another 25pips. I actually made 60pips on that second trade but I used a different exit strategy.