My views on future trades, past trades, the market and lessons learnt

Wednesday, May 20, 2009

Big Profits Booked

The remaining 2/3 of my position reached TP level @ 1.3746.
Total Gain for this trade was 15.86% or $1606.90


I also took a short from the Power Level @ 1.3753 (this was risky given the high bullish momentum) but I was only risking a fraction of the excellent profits made. Took a -22pip loss on the trade (-1.88% or $220). It was worth the risk.
Account Status: 15.20% return this week.
Done for the day and possibly the week unless a good opportunity comes my way.

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