Friday, February 27, 2009

Trade Result - CHF/JPY +0

In the last post I advised moving to break even when we got to +30. The pair did move up a bit from there eventually getting as high as +58 pips, but then the trade broke down and we were stopped out at break even. If some of you were watching the weakening of the trade, you may have gotten a few pips out of it. I hope so. It seems the pair has fallen down and found support at the bottom of the channel. I'm going to wait for a new set up on this pair. I'll let you know if something comes up.

Happy Trading!