Thursday, May 1, 2008

Labor day thin market

Europe is on holiday and London pushed eur/usd nicely down. I was playing that they don't have the strength to push belove 5500. I had half size trade and it was all so slow. They pushed again and I averaged with another half size. Thats good thing about small size, when you average you are sane. If I had two full size positions I would be all crazy and get out at b/e. I didn't expected that they will be successful with pushing it down so far so I didn't want to try my luck in more waiting. I waited to get +10 full size pips.

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