Wd., July 9 Forex Trades & Results: +10 pips plus 2 units remaining

July 9, 2014 at 9:47 pm

We went long EURUSD today. So far the realized profit is +10 pips and we are still holding 2 units with stop-loss in-the-money.

The signal this morning was this:

From: Dave Hughe <plainfx@gmail.com>
Date: Wed, Jul 9, 2014 at 6:31 AM
Subject: July 9

EURUSD Buy 1.3631 SL 1.3598 P1= 1.3648 P2= 1.3658

GBPUSD Sell 1.7084 SL 1.7132 P1= 1.7064 P2= 1.7046

The EURUSD missed the first profit target by 0.4 pips therefore we placed a tight stop-loss order for the first unit. The stop-loss got hit and we pocketed +10 pips of profit. We are still holding 2 units with stop-loss orders at 1.3638. See the chart below: