Wednesday 4th November 2009

Wednesday's trading started with the market drifting in the upward direction. We encountered resistance at the 1.4769 level and we took a Long position when that level was breached around 1:15pm. Entry was at 1.4769 and the first position was closed at 1.4817 around 4:00pm for a profit of 48pips. The second position was closed at 1.4863 around 10:00pm for a profit of 94pips.