Posted on May 27th, 2009 at 1:00 PM
It's 4:13AM ET, and our trade on the Euro has both triggered and hit our first two targets. Our second target was the Gann Level at 1.3650. The typical trade management for a position like this would be to take a 25% off at the first target, 25% off at the second target and leave the rest on for the MOB. Your stop should be back at the original entry at the cross of the channels at approximately 1.3613.
Sometimes it pays to be a night owl...
Ron Wheeler
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