Very modest EUR trade gain to begin the week. A very rare trade placed in front of the news due to my not believing that the Italian Bond Auction would be a big market event and a 10 pip stop made the trade very affordable. With a better than 3:1 reward to risk ratio, a long trade is taken, but after Target 1 is obtained, we are closed the next candle, as we protect our Target 1 profits. Target 2 is also hit but without us.
Last week was a great week. This week we start off modestly. We will not be trading Friday as it will be the Non Farm Payroll release. Hopefully we will find some good trades tomorrow and Thursday.
Back tomorrow.
Michael
