Thursday, December 27, 2007

Take a shot at selling EUR/USD

I have been out of the market since before Xmas, but this opportunity looks pretty enticing. The currency exchange forex pair EUR/USD has run up to its 70 day balance point, and I sold BIG with the tight stop shown. I will post sometime soon "The Secret" of money management in fx forex trading.

4 comments:

Gerard said...

Hi,

Thanks for the trade idea - it's sound and worth a shot.

However, would you reverse position if your stop got hit?,i.e, go from short to flat, and then long.

Thanks

Gerard

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