16 December 2008

16-Dec P.2

All of the above except that JP were stopped.
EURUSD Trailing stop hit at 1.3740 + 7 Pips
USDCHF Trailing stop hit at 1.1780 + 13 Pips
GPBUSD SL at 1.5297 - 58 pips.

One lesson learned, get a price target, then utilize the trailing stop. I ended up re-entering the EUR and CHF, loosing out on about 6 pips per pair.

Here are my newl opened pairs. I still see no reasy for things not to work out:
EURUSD, buy @ 1.3749, SL @ 1.3702 (Barry's resist, just below Fib 50), TP at 1.3800 (Built in resistance becauuse of round number)

USDCHF, sell @ 1.1456, SL @ 1.1500 (Fib 50.0), TP at 1.1400 (Built in resistance becauuse of round number)

USDCHF, buy @ 1.5295, SL @ 1.5230 (Retrace low), TP at 1.5400 (Built in resistance becauuse of round number)

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