Wednesday, August 9, 2006

Take Profits While Ahead

A mid-week update. It is a tough market condition out there. Nevertheless, I made three trades so far:

7/8 Long USD/CHF 1.2238
8/8 Closed 1.2242 (+4)
Held for 15 hours
Comment: At one stage, there was over +30 pips on the table!

8/8 Long USD/CAD 1.1207
9/8 Closed 1.1247 (+40)
Held for 16 hours

8/8 Long USD/JPY 115.14
8/8 Closed 115.67 (+53)
Held for less than 3 hours

From now on, I will not hesitate to take any easy profits that presented to me.

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