Monday, August 23, 2010

EURCHF

Overall Trend: Downward
Reason for Entry: technical - it touched support line 1.3130 for the second time.
I am betting that it will go up for a hundred pips before it goes down again. why? it is because the situation in Euro is still "BAD".

I am starting to feel doubt about my entry. It is because of the overall trend is downward and there are evidence that shows price still go downwards even though it touched twice (i.e 9th of June and 16th of June). I hoped this will be a lesson for me to learn - i.e. to be patient.

Entry:1.3154
Take Profit: 1.3329
Pips diff= 175Pips

Stop loss: 1.3069
Pips diff = 85Pips
Trailing Stop: 40 Pips

Taken out:1.31762
Pips profit: 22 Pips
Error due to playing around with the stop loss - Stup#$@#d mistake.
 

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