Friday, July 3, 2009

Another Road Kill!


I've decided to kill my EUR.USD Long trade (at BE+1, of course!), as there was clearly a lack of momentum.


Which is really not totally unexepected, due to the US having a 3 day weekend (4th of July fell on Friday). It means that there won't be many players, resulting in low volatility.


Sometimes, we do need to make slight changes in our trading plan, if the trade did not turn out to be as expected. This was one such case.
Still, I'm quite pleased that I did not lose any money on this trade - which is always a good thing!

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