Wednesday, April 22, 2009

Closing USD/CHF -4

I'm going to close this trade at -4 pips. It just did not develop as I expected it to and now the risk to reward ratio is too small. We'd only have 60 pips or so of profit if it went to our target, but the stop is still 92 pips. So, I'm calling it and logging it into the books as a small loss. This may come back as a channel trade, but I'll have to take a look at that this evening to see what it looks like.

Happy Trading!