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Friday, September 17, 2010

Trade Update for EUR/USD

Wow, this move has made me nervous, especially with the Irish new out.  I have dumped 2 of my units for nominal profit.  2 units are still working.  Going to re-evaluate to see if this pair is worth holding onto.  In meantime adjusted stop losses.  Changes, as always, are in bold.  I don't usually trade "finicky" trades that require this much monitoring, I am normally a "set it and forget" it guy, so sorry about all the updates on this one... but bare with me as I may adjust my trading plan on this pair further.... 
OPEN POSITIONS:
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CIS* Alert Service (C039AS)

Date:   Thursday September 16, 2010, Update Friday Sept. 17

Action: 
Order to Sell 2 unit EUR/USD @ 1.3110
Action:  Sold 2 units EUR/USD @ current market conditions @ ~1.305
Action:  Bought (closed) 2 units EUR/USD @ current market conditions (small profit)

Take Profit:  1.28

Stop Loss: 1.3125


CIS* Complimentary Investment Strategy
Ref: sod

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PENDING ORDERS:
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None at this time.

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CLOSED POSITIONS:
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Trade (C038AS) GBP/USD position was closed at our take profit level.  :)

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From the Desk of
Aaron Reid
Forex Strategist

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