Monday, August 4, 2008

E/U Gap Closed

More later

**Update.  The screenshot shows the close.

E/U Gap follow-up..

..still watching this, price did not stay much over 1.56 on the hourly. Now it looks setup to retrace some lower. I will be watching. No longer in the trade and I cannot re-enter at this time.


E/U gap stopped out. Account loss of nearly 1%

I'll look into this with more detail later.

Follow-up on the E/U gap trade


The EUR/USD gap is not wanting to close right now...we came within 14 pips of closing last hour (within 5 pips of my T/P) but reversed hard and is now climbing. My S/L is @ about 156.10.

A little frustrated with this one...usually the EUR gaps close pretty quickly.


The screenshot clearly shows the gap, the resistance levels, SL level & where my TP is.

Good morning :)