A wild session, mostly due to Bernanke’s testimony to Congress. This took the US Dollar down and back again for the session. See EURUSD section below for our trade triggers.
Here’s a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered long at A early and stopped. Triggered long again in the morning at B, hit first target at C, and lowered stop under UPT, which stopped at D. Amazingly, the reversal caused the short to trigger late in the session at E, and I closed it out at F for 10 pips as it had come a long ways to get there. It ended up working to the first target. Could have just moved a stop over the entry level:
