EURCHF 09/09/10

Entry Buy: 1.28859

T/Profit: N/A
Stop Loss:  1.27479(9/9/09); 1.29009 (moved due to trail stop)
Trailing Stop: 30 Pips

Potential Loss: 66 Pips

Reason for entry: Pin Bar. And there was a Doji. Even though the Overall trend is downwards. I made my decision to place the trade due to Doji and Pin Bar.

Reason for T/Profit: The next resistance line would be 1.3056. why I did not put the target profit? I am unable to give the reason why. that's stupid of me. I should have put the stop loss. I must take this more seriously.

Reason for Stop Loss: I took it from the pin bar and gave a bit more space. Thus the resistance line is around 

1.27479.

Reason for Trailing stop: It is because I did not setup the target profit. I have placed 30 pips because the movements it made was around 20 pips and we were going to receive major news. 

Result: 
Taken out: 1.29862
Profit: 101 Pips

Thoughts:

Should I have put a Target profit? Yes I should have. Having a target is very important. It stops you from being greedy. And, It also helps to train you in analysing the chart. I will put targets in most trades, from now on. I will ask myself why I shouldn't put PROFIT Target when i place my trade.