The GBP/CHF short was a good one and has been stopped out for a 500 pips profit take. I have entered a long again and have placed my stop near the spike low. Will let this one ride and I will only adjust this stop if it swings closer to the 1.80 level. I can afford to risk 200 pips since I just caught 500 on the way down.
Monday, December 15, 2008
GBP/CHF: Short stopped for 500 pips profit - Entered Long again - up 50+ pips
The GBP/CHF short was a good one and has been stopped out for a 500 pips profit take. I have entered a long again and have placed my stop near the spike low. Will let this one ride and I will only adjust this stop if it swings closer to the 1.80 level. I can afford to risk 200 pips since I just caught 500 on the way down.
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