EUR long entry triggered - 4 Nov 08

Today, the EUR moved down and triggered my long at at 1.2550, which was between 66% to 80% retracement of the last upward move from 1.2330.

Entry price: 1.2550
Initial Stop loss: 1.2485
Current Stop loss: 1.2685 (to lock in profits)

Target Price: 1.3480 (to be reviewed as the market progresses)

EUR has since move back up to 1.2824 (as I type this trade log). Stop loss has now been shifted to 1.2685 to lock in profits.

It feels good to be on the right side of the trade (after staying on the sidelines for some time). Furthermore, the entry price was a very good.

6 Nov: This trade was closed when the EUR retraced downwards and hit my trailing stop loss @ 1.2950. It was still a good trade for me. This trade closed with a 400 pip profit for me.