Recent Trade February 13, 2012 EUR/USD

This turned out to be a beautiful trade but took for ever to show me the money. The first entry was taken after the 2 pins to the high of the day but was a bit aggressive and I did take a 20 pip hit on the first position. The darn thing got me by 2 pips before reversing. However the plan was to double up as long as the trade was still valid and I did at 1.3269. When it gave the 3rd pin to the high I was pretty happy but the next candle test up made me wonder. The Smart money just didnt have enough orders built up to start the run but eventually they did and she ran off in a very efficient pattern. I set a TP before I went to bed just above the psyche level of 1.3200. If I saw the price action on the way down I would have cycled the stop down and possibly still be in but had a good day gaining 4% including the hit.

Hope this helps guys.

If you are interested in all the details of how to trade with the Smart Money check out our forex education course.

Happy trading.

 

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