Wednesday, August 19, 2009

08/19 Day Trading FOREX

Choppy action most of Today's session. We saw a flurry of activity after the US Stock market opened, but I didn't get any clear entry. Only took one trade Today.

1) Short GBP/USD: Took the sell after we broke down and seemed to be in a continuation mode. The retracement happened inside the 5-min candle, I took the entry but when was placing the limit order, ended up making it a market order and closed the trade much sooner than the target. Luckly it was profitable. +0.02% ROI

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