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perse

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perse

Re: None

Thursday, 03/31/2011 1:34:49 PM

Thursday, March 31, 2011 1:34:49 PM

Post# of 67
Trade #8 - USD/CHF (Short)

USD/CHF, short 2K @ 11:07am EST

Entry: 0.91608
SL: 0.92600 (swing on closed candle + 16 pips)[I wanted to set my SL above the psychological barrier of 0.9250] (99 pips)
TP: 0.90486(1:1 PL) (112 pips)

Reason for entry: The USD/CHF seems to be one of the more steady trends looking at the 1D chart. It's been retracing for nearly 2 weeks. I've been waiting patiently here for signs that the retracement is nearly completion. It may be the case.

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