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The GBPCHF is My Friend

Written by Hugh, on October 22nd, 2008

Yeah forget about the trend, the GBPCHF is now my friend…at least this month.  I put on a trade similar to the last one, with similar results.

Short 1 GBPCHF @ 9517
Stop @ 9647 (-30)
Target @ 9139 (+408)

This was a squeeze/surprise box trade.  I sold after the initial break out of the box and price tapped the bottom of the box.


click image for larger picture

I got out at 9250 (+267 pips) and price then proceeded to fall about another 400 pips.  Again, I should have stacked positions at the break of the two trendlines.  I just don’t feel comfortable yet with adding on those breaks.  I guess I just have to do more testing on that until I do get comfortable.




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Category: My Trading   Tags: ,

This post was written by . His goal is to become a professional trader.