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Wednesday, October 15, 2008

CHF follow up

Good afternoon Dynamic Traders,

I hope you've all had a fabolous start to the week.
I mentioned a potential ABC correction on the EURGBP on monday, I entered this trade yesterday and got stopped out for a small loss this afternoon. This is still on my watch list as the daily looks like it's making a candle stick reversal at an 886.

Advanced Get Chart EURGBP












EURGBP forex chart from Advanced Get

The other day I also mentioned the 123 top on the USDCHF, I had a look at this again this morning and it was making a pullback towards a 786. I put a limit order in on the break of a trend line on the 60M chart, I was triggered in between 5 - 7 am. Presently i'm in a small amount of profit and now I will just manage this trade.

Advanced Get Chart USDCHF












USDCHF forex chart from Advanced Get

Good trading

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