First Trade 1 PIP Profit!
April 25, 2006 by Trader Rich
OK. I closed out the GBP/USD position with a 1 pip profit for 2 reasons:
- European session is over
- All major currency pairs are consolidating in expectation of US economic reports this morning.
I couldn't set the limit to close out the pair at break-even so I performed it manually. That is why I profited 1 pip.
Good thing I did. The pair moved upwards 20 pips right after I closed it.
I'll regroup and see if any setups emerge during the next couple of hours.
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