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.
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
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