Another EURCHF trade
A few days later after my long trade with EURCHF which should have yielded a nice 180 pips (of which I took none… see previous post for reasons).. another trigger was initiated but this time on the short side. The stochastics crossed and the trend line indicated short. I went short at 1.6275 with a 50 point stop and a 50 point target.
The market fell sharply and I took my profit at 1.6235 for 40 points! I am still unable to ride the trends.. I was thinking it being Friday and the market being close over the weekend, it may open with a gap.
Anyway, I didn’t even leave the market to hit target and to be honest, the market is heading my way I should still be in. The take profit with this strategy is to open 3 lots with a 30 point target for the first, 60 for the second and 90 points for the third.
If I had followed this, it would be a nice 90 point profit already with the third trade open with 60 points in the bag.
The problem is, I am still testing this trading strategy and only open opened 1 lot….
[…] Another EURCHF trade […]