I’m trying to be very careful with trades lately, only picking those ripe for picking and I picked off two more successful ones today!

Both were GBP pairs, the GBPUSD and GBPJPY and both were winners, hence sterling by both counts.

The EUR pairs however were extremely weak and they were ideally the ones to have traded at the same time but the volatility freaked me out and I was playing cautious.

Anyway, here are my charts showing my entries and exits..

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I went long the USDCHF at 1.1370 thinking it would bounce up from it’s current consolidation zone. I had a stop at 1.1335 but the market didn’t feel right so I closed early for a 20 pip loss.

Tags: currency, currency trader, currency trading, forex, forex blog, usdchf

Well, the market went my way and hit my target for 144 pips which was healthy. However, the market continues to fall and I’ve left another 70 pips on the table..

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