Just took a small amount of profit off the table at +28 pips and moved my stop to breakeven. I think it may continue down but who knows? If anyone says they do, they don't. I also don't like the resilience that momentum is showing on the shorter-term charts. If it can't retake its trend line, though, I may add to my position.
© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.
My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.
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