Wednesday 21 October 2009

Another Play In USDCHF When EURUSD Was 1.5000


Good thing I wasn't watching my screen when USDCHF was dropping through 1.0100. With my morning frame of mind I'd have jumped at the opportunity to get in around 1.0090 for sure. Then I'd have watched it plummet to 1.0055. But I was "lucky" napping. It felt "safe" buying after falling 40pips from a big figure on USDCHF and also EURUSD was printing 1.5000. I felt confident we'd see a parallel move off the highs in EURUSD meaning higher USDCHF. Anyway I was rewarded with 10pips.

Another trade:
Duration held: 12min
Pips: +9.8


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