Subscribe in a reader

Bookmark and Share

Wednesday, March 4, 2009

Entries: G/U and E/U Long

I entered E/U at 1.2522 and G/U at 1.4071 for long-term position (could be week or weeks or months but longer than a few days :P). Both E/U and G/U are at the support (previous low), and I thought I take this opportunity. The target are 1.32 (around 700 pips) for E/U and 1.65 (around 2400 pips) for G/U. Both target are near the 38.2 Fibonacci retracement level. The stop loss is 70 pips for E/U. But G/U stop loss is almost 600 pips, meaning that I have to use smaller quantity. Hence the return for G/U will be smaller despite the bigger target. Below are the screenshots. Have a nice day guys!

0 comments: