Cutting it early, yes. I'm going to use the excuse that we're in no man's land in terms of market time. Watch the trade run anothe 50+ points in my direction. It always happens. |
Tuesday, June 9, 2009
EUR/USD closed for +35 points, full size position
Short EUR/USD @ 1.4085-1.4095
Full size short on, looking for 50 points with the option to take half off and let the rest run to 100. I was busy a few hours earlier and missed the 1.405 reaction. Risk is about 1:1, keeping a wider stop to allow for some room...61% fib not far above 1.41 and the entire area is a nice area of resistance. Running out of time in the US session though, looks like we'll be waiting until the Japanese begin trading to see more movement unless this thing falls off in the next 40 minutes. |
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