Woahh !! what a volatile day with crazy price action. The price just filled the limit order, touched the stop loss and immediately reversed. Even guys at forexlive does not have any idea what was the result of this rise and fall.

However, I got little impatient during london session and opened up a half position trade selling EU at market price. Both the trade stopped out at 1.4280. Price touched 1.4281 and quickly reversed to 1.4190. With USD losing strength I think its time to change side and buy the Euro.

Here is how todays trade went up :

EUR/USD 2nd August

 

 

 

 

 

 

 

 

 

There is always a lesson learnt from every trade. Its time to move with the next setup. I have a pending order on AUD/USD.

Trade Result: Sold EU at 1.4191 and 1.4240. Both positions stopped out at 1.4280. Total loss 2.9%.