Back in the Game (Forex) Trade # 004

I got my new computer yesterday along with my 22″ monitor, Nikon digital camera, zoom lense and 1 terabyte external back-up drive.

I promised myself that I would not place another trade until I got my computer. I wanted to really understand the EUR/USD market.  Trade 003, would have been profitable if I had placed my stop 150 pips above the trade. However, I placed it 100 pips, it traded as high as 1.5815 and then slid 250 pips as of today.

Trade 004. is a sell @ 1.5551 and stop loss at 1.5675