Monday, December 15, 2008

Double up

Price was bullish, it looked to me that it will probe 500 and than suddenly came reaction down. I figured that was surprise for long side. I got at bottom of the move. So in the following time with price above my short entry I decided that I will double my position if move down materialize after all. It did and I took nice scalp. +14 full size pips




6 comments:

ORION MACHINE said...

Wow! price only moved against you 10 pips and you had it right. Adding to your position as a profitable strategy instead of trying to save a loser... What will you think of next??? ;)))

FX said...

Hehe

ORION MACHINE said...

On an even funnier note, did you see the footage of that guy throwing his shoes at president bush!?!?! it was hilarious, that guy is a new personal hero to many including me.

FX said...

Yes I did, it was like in cartoon. Can't believe that can happen.

4x For Life said...

jeez you guys dont write dont call what the hell man, just kidding just stoped by to say nice work fx

FX said...

Thanks 4x, nice to see you here.