Showing posts with label diversification. Show all posts
Showing posts with label diversification. Show all posts

June 15, 2008

26 pip profit in less than 3 hours, When diversification works

I bought EURJPY at 166.80, because dollar had more support and I wanted to give the euro another chance. It worked! The position closed automatically after hitting Take Profit at 166.80, which was 7 pip below the first resistance.

It is more encouraging when I see my other position, EURUSD still struggling to go in profit. However, I still expect it to increase in the next 5 hours, when we get the Euro zone CPI report.

I can remind my last week post; it is why I see the experience so important.