Friday, April 17, 2009

Trade Update - EUR/CHF

As you can see from the chart on the right, this trade is open. (for original trade idea, click here) I entered when the pair broke up through and barely closed above the upper channel line. I was in at 1.5157. The pair moved up pretty quickly over the next hour and we moved to break even just before 0415 EDT. I put a 10 pip trailing stop on the trade and we have saved 20 pips so far. I'll keep you posted as things develop.

Happy Trading!