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Thursday, January 15, 2009

Looking to buy EURCHF

16 Jan, 05:59 - EURCHF seems to be sitting around an immediate support of 1.4696, and based on the Daily chart candlestick, it might be going for the long side if the current trend continue.

My action for this pair: - I place buy stop at 1.4815 with stop loss a distance away at 1.4675. My target for this pair will be at least 100 pips or near the 200 pips figure.

By the way I loss on 15 Jan trade with the EURUSD. The signal given to me by kuasaforex indicator seems to be a false one. Moreover, I jump in quite late and during heavy volume trading happening. Thus, I get a requote from my broker over three times and I was given a bad price than anticipated. Lesson learned from this condition for me is not to push the trade under heavy trading volume, where other traders pushed their orders.

6 comments:

Sabahat Ali said...

Great post! yesterday i found another great post about forex Here is the link
Forex Trading Journal

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