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Wednesday, May 7, 2008

Trailing Stop - 53 pips

This is one of the mechnical trade I did earlier today. I used this function called the trailing stop, which I set at a protective 15 pips - and this is precisely why you see the stop loss is so low below the entry price (remember this is a short position).

GBP/USD - Short @ 1.9573, Closed @ trailing stop 1.9524 (53 pips)

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