Friday, April 17, 2009

Trade Result - EUR/CHF +50

This pair broke out nicely early this morning (click here for original trade idea). I entered at the end of the 0300 EDT hour bar at 1.5157. The pair moved up nicely, ultimately hitting a high of 1.5240. We moved to break even quickly, before 0415 EDT, at which time I put a 10 pip trailing stop on it, and kept going until it stalled out after the 0600 EDT bar. The pair ultimately fell, stopping me out at 1.5207. If you are still in, good for you. There may be some movement up left in this pair. As for me, I'm satisfied to take my +50 pips and wait for the next set up.

Happy Trading!