Monday, December 29, 2008 4:23:22 PM
It may have further to go. Do you ever set your stop to break even and let it go? It's a great way to maximize profits. I am long usd/chf at 1.0398...now my stop is at 1.04 and i'll just wait to see where it goes, if it starts falling, i'll move my stop to +100, if it goes up 50 pips, i'll still move the stop to +100 then wait to see where it goes from there....in other words, ride the profits, cut the losses. 
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