Thursday, July 28, 2011

Germany is showing resilience



The German Unemployment numbers were more than expected, yet there is a growth trend that continues.
Our Long in EUR/USD before the numbers is in 40-45 pips profit and thus it is a good time to put SL to BE. Since we are trading in Hourly Charts, it will be great to now walk away and track it every hour or two. I will trail stop loss till the trend bends.