EUR/USD 2nd profit target hit

Published on Thursday February 18th, 2010 at 02:46PM by sweebeng

EUR/USD (1.3645). My intraday trading system went LONG 3 units at 1.3577 earlier. My first profit target was hit at 1.3610 where 1 unit was exited and the stop moved to breakeven, and now my second profit target has been hit at 1.3645 where another unit has been exited and the stop moved to 1.3610. The third and final profit target is set at 1.3678 where the balance of the position will be exited. Notes: This system enters in 3 units and looks to exit at 3 separate levels in 1 unit each. Only one trade per FX pair per day is allowed, and all open positions are exited at 22:00 CET. Howard FriendChief Market StrategistE-mail h.friend@migbank.com MIG Bank14, Route des Gouttes d'Or, 2008 Neuchatel, Switzerland.Tel: +41327221780 Fax: +41327221770info@migbank.comhttp://www.migbank.com Disclaimer No information published constitutes a solicitation or offer, or recommendation, to buy or sell any investment instrument, to effect any transactions, or to conclude any legal act of any kind whatsoever. The information published and opinions expressed are provided by MIG BANK for personal use and for informational purposes only and are subject to change without notice. MIG BANK makes no representations (either expressed or implied) that the information and opinions expressed are accurate, complete or up to date. In particular, nothing contained constitutes financial, legal, tax or other advice, nor should any investment or any other decisions be made solely based on the content. You should obtain advice from a qualified expert before making any investment decision. All opinion is based upon sources that MIG BANK believes to be reliable but they have no guarantees that this is the case. Therefore, whilst every effort is made to ensure that the content is accurate and complete, MIG BANK makes no such claim. MIG BANK disclaims, without limitation, all liability for any loss or damage of any kind, including any direct, indirect or consequential damages. MIG BANK and/or its board of directors, executive management and employees may have or have had interests or positions on, relevant securities. All material produced is copyright to MIG BANK and may not be copied, e-mailed, faxed or distributed without the express permission of MIG BANK

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