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Trade #6

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perse   Wednesday, 09/08/10 09:05:48 PM
Re: None
Post # of 67 
Trade #6

GBP/CHF, short 3K @ 6:33pm EST

Entry: 1.56450
SL: 1.5705 (swing + 15 pips)[I wanted to set my SL above the psychological barrier of 1.5700] (60 pips)
TP: 1.5530(2:1 PL) (115 pips)

Reason for entry: trading with the trend, entry on retracement

I just love the 1D chart here... nice and steep (lots of momentum) and following a trend line.

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