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Tsing Tao

Registered: Mar 2009
Posts: 7327

06-24-11 01:51 PM

No, I am not the Guru. But Taylor is, and I like some of his trades. I'm going to place this one for a November timeline initially.

EUR/SGD Short from 1.7610. Stop above 1.81. Target 1.40.

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Tsing Tao

Registered: Mar 2009
Posts: 7327

07-08-11 12:41 PM

Just broke significant support @ 1.74. Trade setup is looking nice.

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Tsing Tao

Registered: Mar 2009
Posts: 7327

07-12-11 12:18 PM

Last quote, 1.71.

Stop moved to break even. Trade is up 610 pips.

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Hombre

Registered: Jan 2003
Posts: 1238

07-12-11 02:08 PM

Quote from Tsing Tao:

Last quote, 1.71.

Stop moved to break even. Trade is up 610 pips.

Why not take a profit ? Just curious...

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Tsing Tao

Registered: Mar 2009
Posts: 7327

07-12-11 02:40 PM

Quote from Hombre:

Why not take a profit ? Just curious...

Because the target is much lower (1.40), and the trade time frame is much longer (November).

I believe the trade has more room to go.

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Tsing Tao

Registered: Mar 2009
Posts: 7327

01-13-12 03:03 PM

Though time frame has expired, I've let this trade run. It is still open at last quote of 1.64. I am, however, debating on taking profit very soon. Stop is moved to 1.70, and the trade is up about 1200 pips.

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