August 21, 2008

closing a BIG MOVE on forex ( EURUSD)

This is what I call a "BIG MOVE":

Here is the entry. As you can see the expected risk/reward ratio was 1:3. The actual risk / reward is 1:7.21 due to my "late" exit at 1.4786 meaning a 110.13$/ lot.

Daily view:


1 hour chart:


5 min chart: