Monday, April 30, 2012

GBP/CHF 4H Update 2

I wanted more from this lovely BEOB than a mere test of the 1.47.

Wanting a runner doesn't come without a cost. You have to be willing to under take the risk of letting the trade do its thing without a lot of defensive actions from your end. Now obviously it appears thus far that a full profit at 1.47 would have turned out to be a master stroke but like I said I saw a lot more potential in this trade to want to hold on (HHR also a major daily HCR level). However I did actually pull off 1/3 of the position at 0 before we went into the Friday close.

This has turned out to be a tester. Still waiting for a close above the HHR to kill the trade. Of course a move down is more preferred. :P


1 comment:

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