Monday, February 9, 2009

Buy GBPCHF at 1.7292


Buy GBPCHF at 1.7292 upon seeing it clear 5 criteria. Another risky trade of the day. Immediately upon entering position it drop to about 50 pips.

Update 14:50GMT
I forgot to check other CHF pair before entering and only realised that it is going very strong against other majors.

Update 8:46GMT
It hit my SL with a gain of 8 pips. The better than expected of trade balance result from UK didn't help the sterling. Instead it reverse just moment before the announcement. Luckily I had adjusted the SL after seeing it climb +50 pips above the EP otherwise it would it would have been dropping very very near my initial SL (about 8 pips away) for a 200 pips loss.

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