I am starting a new thread which is a continuation of my previous thread. This thread will show how I become fully invested again after taking 50% off the table.
The market currently is trading at 1.2218 and I have achieved my first profit target of 1.2250 on Eur 50,000 - this allows me to put the other half of my position to "sleep" ie just manage the positon from now on - this action gives me a psychological edge in the market and allows to analyse and seek new opportunities in the market.
My current position shows I am still short Eur 50,000 at 1.2520. I have also brought down my original stop-loss from 1.2580 down to 1.2330.
The profit calculations on the closed out trade is as follows:
(1.2520-1.2250)x50000 = Eur 1350
More later as the trade develops.
Regards
Nautilus
The market currently is trading at 1.2218 and I have achieved my first profit target of 1.2250 on Eur 50,000 - this allows me to put the other half of my position to "sleep" ie just manage the positon from now on - this action gives me a psychological edge in the market and allows to analyse and seek new opportunities in the market.
My current position shows I am still short Eur 50,000 at 1.2520. I have also brought down my original stop-loss from 1.2580 down to 1.2330.
The profit calculations on the closed out trade is as follows:
(1.2520-1.2250)x50000 = Eur 1350
More later as the trade develops.
Regards
Nautilus