Trades of the Day
8
09
2010
Finally a smooth trading day!
Two great calls during the premarket session:
1st: 8.00am GMT0 -> SHORT 1.093.00 EXIT 1.090.00 3pts profit
2nd: 12:00pm GMT0 -> SHORT 1.096.00 EXIT 1.092.00 4pts profit
7pts before the opening of the market!
2 trades = 7pts
We’ve waited then for the session to open. The market was trying to break 1.093 since the close of the session of the previous day, a very important support.
The market opened rising very quickly and because the momentum was right we took a trade at the open:
LONG 1.095.25 EXIT 1.097.25 2pts profit.
We were having a great trading day: 3 great calls.
So we patiently waited for a turning point in the market: SHORT 1.101.50
WHY? 2 very strong reasons: The XXXXXX and the YYYYYYY pointed to that entry level.
The market rose to 1.101.25 and we missed the trade by 1 tick.
Still confident on the entry level we waited for the price. And it came.
We could’ve taken 2 easy pts in 10min but we wanted to do a “Position Trade”. Risky? Hell yeah but we at a great backup: 9pts in the bag!
We waited and waited and finally after almost 3hours we closed the position: 5pts profit. WE WERE RIGHT!
The market returned to its original support: 1.093.00
Because of this fact we strongly expect an uprise tomorrow.
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