Tuesday, August 4, 2009

08/04 Day Trading FOREX

Today I only had 1 hour and a half available to day trade. I took one trade on the GBP/USD, however, because I had to leave and could not observe the trade development, I scratched it and exited at B/E.

I can't honestly say if it would be a win or a scratch, as I saw that Price did reach the fibonacci gap (price target), but I can't say for sure if it would trigger the limit order or if it would end up bouncing back down to b/e.

1) Long GBP/USD: Took it as the price broke the trend-line, there was room to move to the target, had to close the position because I was leaving and could not manage it. +0.15% ROI

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