Trading Signals for Friday, March 22, 2013

Today is the last trading day of the week. I did not post anything yesterday, since the open orders in my account did not see any change.

But today I am posting, because just few moments ago my account witnessed an activity that was worth posting.

The Eur/Usd pair reached a new high. It crossed the 1.3000 mark.

Therefore, I moved the stop loss on my first entry order to 1.2849. This will make my stop loss to a mere 50 pips.

Now, the stop loss for both of my entry orders is 50 pips each; hence the cumulative loss in a worst case scenario would amount to 100 pips. Though, the take profit amounting to both the orders will be 600 pips.

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