January 26th, 2012
Forex Trade #157: Market shows no mercy; stop loss moved
jpyforexfan
The forex market show no mercy for my EUR/USD short position. It looks like every time it appears that it’s renewing the downtrend it gets a massive push upwards. Should I close my position now keeping a profit of over 100 pips? Nah! Never. There’s nothing I can lose with this trade.
I’m moving my stop loss from 1.3271 (which is also my entry) to 1.3241 to guarantee a 30-pip profit.
Here’s the 4-hour chart of the Eur/Usd forex pair as of right now:
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