2010-08-11 EURUSD Live Trade (Update)

(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)

Market is kind today.  Finally got to sleep early.  EURUSD already stretch close to 300 pips day range, time to get out of market.  This would serve as a good mental booster, don't want to risk it.  Has been some time, not having a 3R multiples return trade.

EURUSD 2010-08-11 Trade Closed