Tuesday 9 June 2009

Close GBP/USD Short @ 1.6295 09/06/09 19:10

Hourly stochastic %K = 95.9 %D = 93.8 RSI = 74
Currency pair has moved up 3 cents in one day from low point
Go short but take any profit at 50 - 75 pips ( examine position at that point )

Currently overcoming a big spike up to 0.8 cent from opening position. Have gone short again @ 1.6337
In retrospect a dangerous trade, have to remember measuring from the top of the pullback requires me to hit the top!

Have decided to kill the original short @ 1.6319 P&L = -24 and keep the other short going. Run my winners and kill my losers?

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