AUDCHF 14/09/10

Entry Buy: 0.93882
T/Profit: 0.95095
Stop Loss: 0.93682
Trailing Stop: 30 Pips

Potential Loss: 20 Pips
Potential Profit: 121 Pips

Reason for entry: going for 3rd Bottom (25/5/10, 6/6/10)

Reason for T/Profit: Next resistance line at 0.95095

Reason for Stop Loss: 20 pips is only how much i am willing to risk. And my entry point is pretty at the edge of the other bottoms (or the nearest support line can't be seen).

Reason for Trailing stop: It moves almost 100 pips - very volatile. and thus i would like to keep profit as much as possible.

Result: 
Stopped at: 0.93682
Loss: 20 Pips

Thoughts:

14/4/09 - I would still place the same trade. To be honest, I do not know why it went down. Maybe the fundamental  views have overwhelm the technical views. Or, the big players are manipulating the market. Not too sure why. Nevertheless, I am happy that I have set the stop at 20 pips.