I took a small long position in EURUSD @ 1.1963 on 6/7/10. It is only 1 lot (worth 100k), which is considered a small position in Forex.
Now I have over 400+ pips in profits on paper now. I was aiming for a 500 pip move here. And the initial stop loss was set @ 1.1877, which is less then 100 pips. So the risk reward ratio is very good here. Now I am trailing it. So the profits are almost locked since Forex rarely has gap ups/downs. That is one of the reasons that I only swing trade Forex in a regular account.
Here is the trade.
See my post about this trade on StockTwits here. Look at the time stamp of that post. It was posted close to real time.
If you do not trade Forex, a 500 pip move for a 1 lot position is worth about 5k profits in USD.
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