Thursday, May 8, 2008

Eurodollar Trade UPDATE

UPDATE: I made a mistake with this trade that I need to adjust. The current risk/reward I have in place is 7 ticks to 22 ticks. The probability that I will win this trade is just too low. I decided I needed to either give myself some breathing room if the contract moves against me upwards or cut down on my target profit.

The new stop loss is 97.60 and the target price is 97.26. This gives me a risk reward of 17/17 ticks or $425/$425.

BTW, congrats to Eagle Spread for graduating college!

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