Thursday, 18 June 2009

Profit taking on GBPUSD position

Two things today:
I felt the spike today at approx 8:30 was an opportunity to sell short again at 1.6460. I deliberately did not go for this
It could have been possible to close at approx 1.6200 to day with a 180 profit. Once again I have deliberately not closed this position even though this is a hefty profit as I am attempting to keep position open to gain max profit.
If I am trading off the hourly chart should I be profit taking on a "hourly" basis?

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