ANOTHER successful 100-pt call made a day prior to the move. This time, UP. dRaWdOwN, the god of forex 1.2573 <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1136704>
But you didn't make much money off of it, did you? You're still sitting there waiting for the market to come back down and let you out of your EUR short in the other account right? Just wanted to make sure where your system stands at the moment.
Ah ok, you sold 1.2520 and now you've bought back at 1.2572. Since you're still short in the other account, essentially you've just snapped close a 52-pip loss? Is that how it works? Just wanted to get things cleared up, you're such an active trader. Thanks again.
took profit from first lot at 1.2590 leaving the other ride till 1.28 take profit moved up to 1.2520.
Yeah, I just missed my TP by a point. Trade scrapped @ 2-pts profit. Overall gains: Little less than 50% profit made on cap exposed to market (to margin). Moving Long acct cap back into my Short acct where I just opened Position 2 short. See update on the short trade in the Chinook thread, soon. Good trade, Chaf. fx 1.2591
Essentially. But if it takes off to 1.28, he'll sit there holding the short forever until it comes down. And if it never does, it's no big deal. He'll just be out $15.