Wednesday, April 29, 2009

Trade Result - USD/CHF +301

For original trade idea, click here. If you read my update of last night you know how the trade developed so I won't go into that again. Last night, after some hesitation the pair fell down to our profit target (the green base line) and we took our profits. The totals for the two positions were:

Position 1: Enter short at 1.1549
Exit at 1.1380
Profit = +169 pips

Position 2: Enter short at 1.1512
Exit at 1.1380
Profit = +132 pips

Total Profit on Trade = +301 pips. I'll take that pretty much any time the market gives it.

Happy Trading!