Tuesday 5th January 2010

The market started off in the Upward direction once again and we took our Long position on a breach of the 1.4432 Resistance line around 6:45am. Entry was at 1.4439 and the first position was closed at 1.4469 for a profit of 30pips. The second position was stopped out at 1.4431 for a loss of 8pips.