Hi all,

I sold the Euro vs. Dollar on Friday at 1.4400 that was a good move because 2 hours later the employment report from the state was much better than expected and the Dollar was up. So by the end of the day I made 240 points which is not bad for half a day.

The question is, should I take profit or wait for bigger move? Not long ago I bought the Pound against the Dollar at 1.4000 I made 200 points easily and took quick profit. Now the UK pound worth 1.6800 and I could have made 2800 points which is a big difference from my actual profit.

The problem with Forex is that it depends on many factors and it is a bit harder to predict where the trend is. So I try to base my decision on technical analysis which tells me (at the moment) to stay and wait for bigger move. At least I moved my stop loss to 1.43 so regardless I will have some profit.