Posts Tagged ‘USDCHF’

USDCHF 15 mins (-20pips)

April 28, 2011 Leave a comment

So here I am staring at charts the whole day and not being able to make a decent trade.

Decided to check out USDCHF (which I don’t normally trade), and thought I saw a signal. So here goes:

Not feeling particularly comfortable about this trade. Trailing loss is just below round number 0.8750 and target is just below 0.8700. Then again, not feeling particularly comfortable not making a trade for so long (very bad mindset). Won’t be surprised if trade closes for a loss.

Subsequent Update

Ugh. Died.. Price eventually found resistance @ SMA200 (went to 10 pips beyond 87.50) then eventually continued to bear rally after 12 hours.

Tags: ,