EURCHF 16/09/10

Sell Entry: 1.30748

Stop Loss: 1.30948

T/Profit: 

Trailing Stop: 20 Pips

Potential Loss: 20Pips

Potential Profit:   Pips

Reason for entry: It was downtrend and going to hip the 1st top since 29 June 2010

Reason for T/Profit: 

Reason for Stop Loss: 20 pips is how much I am willing to lose.

Reason for Trailing stop: 

Result: 
Stopped at: 1.30948
Loss: 20 Pips

Thoughts:

19/09/10 - I think this is a bad setup. After I looked closely, the mistake I made would be I misread the entry point. If I picked the  1.30748 as the entry point. I could see that there EUR has already been breaking that price. I shouldn't have put the entry there and there shouldn't be a resistance line there. I will not trade this setup.