EURUSD Master--- Live Trading CALL

exit full position at 1.2631 for 171pips. Got lucky early on as the market traded 5 pips above my stop at 1.2430. Currently flat.

Quote from amazingIndustry:

joined the long side here at 1.2460, stop at 1.2430, target 1.2560.
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Quote from amazingIndustry:

exit full position at 1.2631 for 171pips. Got lucky early on as the market traded 5 pips above my stop at 1.2430. Currently flat.
More...

How much of the overnight gap profit was luck?
 
the trade moved 50 pips in my favor before Friday's close thus I felt comfortable in holding onto the position over the weekend. Obviously there was risk involved. How much is hard to say, I do not like to make claims after the fact, but when I considered what to do going into the WE I felt the main risk was lower Chinese Industrial Production, supporting facts where the high probability of a deal of some sorts in Spain brokered.

There is always gap risk involved in such trades, but the probabilities of not gapping down by more than 87 pips (market close - stop loss level) supported my staying in the trade.

If interested please follow my own fx related thread which I just opened (first one since registering at ET). I did not want to hijack the thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=244269

Quote from oilfxpro:

How much of the overnight gap profit was luck?
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