Posts Tagged chfjpy
Today was a good day for me on the markets even though I started off with a loss..
I was look for a short entry below the support line 16405 and the first time it did this it didn't stay below this line for long.. bouncing up and hitting my stop for a 20 pip loss. The second time however, it did continue to fall and it reached my 40 pip target. Total for GBPUSD was 20 pips.
My third trade today was a long FTSE100 trade at 8am. I had my stop 20 pips away which got so close to hitting bu
June 9, 2011
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Actually I closed this trade yesterday for a 20 pip loss. As I mentioned, the signal wasn't clean and I was a bit wary of trading it. As I previously mentioned, the stochastics had crossed but it hadn't cross near the top for a short signal but near the 60 level.
My short at 10075 got stopped out at 10095 for a -20 pip loss.
June 4, 2008
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I also put in a short trade on the CHFJPY with a trailing 50 point stop loss. The market hit a double bottom at 100.18 and has bounced up to hit the 61.8% Fibonacci level. The stochastics have also crossed towards the downside. All looks good you may say.. however, I am not 100% confident of this trade for the following reasons:
The stochastics crossed at the 60 level. A clean cross should happen either above 80 and move downwards or below 20 and move upwards
Very strong upwards momentum
June 2, 2008
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