Wed 16 Jul 2008
EUR/USD Stopped Out
Posted by wdevauld under Forex, Learning, Risk
No Comments
Despite all our good intentions, our trade between the Euro and Greenback was stopped out. The price action could not penetrade 1.5920, and reversed. While the moon was high in the sky, and we were walking around dreamland, the price did manage to poke above the 1.5920 range for a few hours. Then as it tested 1.5950, the price was hammered down over hundred pips in 4 short hours. I'm sure someone has a strategy to trade this currency with its recent price movements, but we're going to be staying out of any large posistions.

