Thursday, February 12, 2009

Trade Result - GBP/CHF +70

This trade opened as a sell after the 0300 EST 15 minute bar at 1.6586. We hit the +50 move to break even in the first 15 minutes and the pair hesitated a bit then continued to fall. As is my custom when trades open while I'm in bed, I had a 10 pip trailer on after the move to break even. The pair moved down well and I was up over 120 pips for a bit, bit it came back up and took me out at 1.6516 (where the trailer had moved the stop to) for a +70 pip gain. Not bad.

Happy Trading!