Short EURUSD @ 1.1962

Entry: (2006.02.08 9:56 EST)
EURUSD was trading in the 1.1965-1.1980 range this morning. The MA(50) crossed under the 200 and I opened a short position at 1.1962 with a stop-loss at 1.1972 and a take-profit at 1.1870.

During the day, the price dropped down to 1.1922 but never made it any lower. Although I tried to close the position during the day, I was unable to and by the time I got home, the price had gone through all my profits and had been stopped out at my original stop.

Exit: OK, so I got stopped out (at 1.1972) again after being ahead on the trade; I think I'm going to try taking profits a little earlier. I also went ahead and got hit by the swap again. Luckily this time it was positive. Always set a trailing stop!!

-10 pips