I spotted an excellent long entry and went for it, got in at 175.61 and closed it out at 177.23 for 162 points! Hoorah, that's a nice gain. I could have held it longer.. it's gone up another 20 points since but I can't prise myself off this computer when the charts are moving. I think the market has further to go.. there was a huge reversal on the US and UK markets today after all the help with the Financials from various governments.
I put on a trade today, the USDCHF short. I have a trading channel as drawn and then I went out with my stop in place. I expected the market to fall and it did fall sharply at one point. If I were around I would have probably closed the position early after it bounced off the bottom of the trading channel. It rose from this and broke above the high of the channel triggering my stop for -50. It is extremely annoying when this happens as at one stage, this trade was +50 up when it reached the b
I had an entry for a short position on the GBPJPY with 100 pip stop and limit. Both 15min and 1 hour charts were indicating a sell so I went short at 189.27... It took a couple of hours and hey presto, the market fell through and I bagged my 100 pips!
