Tuesday, October 6, 2009

Scalping and Waiting.


Took some support resistance scalps for 21 pips today. Currently holding 4 units short from 1.5890 and still holding that 1 unit from 1.6085. I believe during the next 24 hours I will hit my target of 1.5770. Price although being very sideways this week if breaks to downside we will see a drop probably to 1.5340 level. I'm happy just sticking to my trade plan from a week ago. So far this week I'm up 46 pips on closed trades and am still up 177 currently on the 1 unit. This pair has been tough to trade for the past couple of weeks. We should start getting some trend trading opportunities in the near future. Let's see?

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