15 December 2008

15-Dec - Closed 1st set , opening and watching second

The 1st set of trades closed.
EURUSD - Closed at 1.3676 + 110pip - Trailing stop caught
USDCHF - closed at 1.1601 + 45 pips - Trailing stop
USDJPY - Closed at 90.75 - 42 pips - stop loss

The ended up spiking at 90.76 and is now in a downtrend again. I do not feel this trade was in error, just one of those things. Looks like if the price moves down I will regrain all but 14 pips of the loss. Currently I am up 3 pips, so we will see.

I re-entered USDJPY at 90.61 - SL at 91.05 - Trailing stop at 35p points, but expect around 90.05. I will probably change this to a trailing stop.

The EUR and CHD look like they are in retracement now, and I am looking for re-entry at about 1.3595 (buy) and 1.1630(Sell) respectively.

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