Continuation on my post:
The Euro continued to go lower and the pattern seems very close to completion. In addition both CNBC and Boomberg ran headline articles earlier today suggesting euro/dollar parity and lower soon. This is a high risk counter-trend trade so respect your stops and use position sizes in accord with sound money management principles.
Suggestion: add remaining 50% position now
Target: exit with 50% at 1.14-1.15. Close remaining position at 1.18-1.20
Stop: 1.04 level
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Join me on my blog:
www.highprotrading.com - A diary style blog focused on risk management, emotional aspects of trading and best practices where I follow a live portfolio, list all trades, and track its performance through time.
Thank you,
HighProTrading
Blog: www.highprotrading.com
Twitter: twitter.com/HighProTrading/
StockTwits: stocktwits.com/HighProTrading
The Euro continued to go lower and the pattern seems very close to completion. In addition both CNBC and Boomberg ran headline articles earlier today suggesting euro/dollar parity and lower soon. This is a high risk counter-trend trade so respect your stops and use position sizes in accord with sound money management principles.
Suggestion: add remaining 50% position now
Target: exit with 50% at 1.14-1.15. Close remaining position at 1.18-1.20
Stop: 1.04 level
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Join me on my blog:
www.highprotrading.com - A diary style blog focused on risk management, emotional aspects of trading and best practices where I follow a live portfolio, list all trades, and track its performance through time.
Thank you,
HighProTrading
Blog: www.highprotrading.com
Twitter: twitter.com/HighProTrading/
StockTwits: stocktwits.com/HighProTrading
