After missing the ride on the previous EURCHF signals, I thought I would be disciplined and trade the signal properly this time.. not close out early to take a profit or loss but actually ride it all the way.

Ok, I see the blue signal in the moving average trend indicator and also, stochastics cross.. a long entry!!

Hoorah, I get in at 16121 after an initial pullback and wait! Unfortunately, it starts to move down almost immediately and I have my 50 pip stop loss in place. Unfortunately, it does hit my stop loss for -50!

Typical, the time I try to play by the rules, the market doesn’t wanna play back!

Tags: daytrade, daytrader, eurchf, fibonacci, foreign exchange, forex, long, makemesomemoney, position trader, short, Spreadbetting, stochastics, stock market, Trading, trading blog