EURCHF – pips galore
Last night I put on a short at 1.4983.. it was a lovely trade and one which I just closed at 1.4877 for +106 pips.
Last night I put on a short at 1.4983.. it was a lovely trade and one which I just closed at 1.4877 for +106 pips.
Yesterday I complained about the AUDNZD trade shooting through the roof after I had closed my trade. I said that I would enter new trades with a 50 pip trailing stop loss on my Forex trading. Well, last night, I found two more potential candidates in the Forex markets... the EUR/CHF and the EUR/JPY. Both charts had the stochastics cross and the change in the trend moving average indicator. The EURCHF had previously cross the day before and I had traded this signal to find that I had got
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, i