Tuesday, October 19, 2010

Profit hit ...

That was an exercise in patience! But did get filled at profit level of 1.3785 and also got filled on entry order at 1.3774. I am now long EURUSD in the amount of 4K looking for a rangy trade into the election and a possible head and shoulders top to form in the euro for a much larger downswing. I will probably dump this position on any sharp moves lower from here. We'll see if equities can come back today which should start the grind up once again.

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