Wednesday, February 6, 2008

Usd-Chf


Hi all,

Sorry for not posting any of my trade lately.Busy of arrange the material for the forex educational menu. My plan is to finish the guildeline, then after that together we can trade the market. But in between, I will try to post my live trading and try to explain why i took that trade.Here is as the start.I took this one last night.Reason: a nice pinbar setup on my chart and i saw the swiss already overbought on hourly chart.I take the trade based on price action and then later as the system that i use start to response and give another signal as well. At first i put the stoploss just 3 pips above the highest price of pinbar candle. As the price come down, now my stoploss already on break even. I'm planning to open my target profit ( because the system give/add the signal).So this will be a nice wave of profit since i'll trailing the profit by 50 pips.Have a nice day!

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