May 11, 2010 GBPCHF Accelerator Trade

Written by Hugh, on May 11th, 2010

Here we go again with the Accelerator Trade.

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Being a little gun shy from the last Accelerator Trade, I ended up exiting this one a little early.

As I mentioned in my last post, I decided that the best thing to do would be to exit the Accelerator Trade at the first sign of trouble. This would hopefully prevent the horrendous loss that I had on that trade.

I made money on this trade though, +1.8% to be exact. Not a whole lot of money, but I guess it is better to make something than lose a lot.

Upon closer inspection of the 5 minute chart, I could see why I exited. Price stalled for several candles before breaking through.

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Overall, this was not a bad trade. Of course, it would have been much better if I was able to get the maximum profit out of the trade, but it was a good comeback trade after I messed up the last one.

I hope the next one gets me the full profit!

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