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Trade Review for January 24, 2007:


Buy at 2470; Stop Loss= 2440; Target= 2500 (Originally posted on January 23, 2007)

Result: +25 pips. Yesterday I said that I would watch this trade very close and that if I saw that the pair was having difficulty getting to 2500 I would close my trade in between the 2490-2500 range. I watched the price get as high as 2497 and as it bobbled up and down I finally decided to close my trade out. I ended up taking profit at 2495.

Total pips for the day: +25 pips