Friday, September 17, 2010

2010-09-16 EURUSD Live Trade



(This is a live trade shared by Eric Lye in his Forex Trading Blog.  The purpose is to share how we trade and provide the learning points.  Note that there is no absolute right or wrong about a trade, it is all about managing it well)

This time round luck is on my side to pick the right pair that moved.  :-)
Need to thanks one of my students as well when she sent me her EURGBP trade plan for review and discussion.  And since I agree with her analysis, naturally I just pick EURUSD for a buy when the setup happens.  The entry window period for this was a bit short.
Was having a chat with a trader I just get to know and price shot up to hit first TP and hours later second TP



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