EUR/USD went on an absolute rampage today, peaking at +400 pips since our last trade yesterday. I honestly can't believe I missed such a huge move (I didn't have internet access all day); but in a sense it's good because I'm always tempted to sell when a pair gains +200 or more pips in a day. So this time I'm going opposite that tradition, and straight buying EUR/USD at its current price (1.3325). I'm being conservative (it is awful late at night) and shooting for a 50 pip gain (1.3375) and then exiting.
***Edit 10:33 PM EST***
Well score a quick 50 pips for me....less than 5 minutes after I initially posted this trade, the pair jumped all the way to 1.3377. Unbelievable! Huge buying pressure on this pair, be very careful trying to short it!!!
Thursday, December 11, 2008
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