Thursday, October 9, 2008

Stops were moved to breakeven on the EUR/USD short...+75pips, seeing some retrace now but it has thus far stopped at the 1.355 level.

As far as T/P and with the trade only being a single 5k lot, I will likely try and hold on for a push to new lows.  It's risk free and while I would like to take quick profits and regain at least some of today's earlier losses, I'll hold on to this.  Further USD bull pushing + EUR weakness could prop up an easy couple hundred points, if not more.  

Funny how a 1.35 EUR to USD would have seemed so hard to believe just a few months ago...

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