About Currency Cross-Eyed

Currency Cross-Eyed Author

Trading currency crosses opens a whole new side of the currency markets, as different crosses possess different qualities that can suit any style of trading. Some crosses move fast and are extremely volatile with daily ranges that may exceed over 100 pips. While other crosses move relatively slow and exhibit low volatility, which is more suited for novice traders.

Latest Posts

December 2006

S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31

Archives

Trade Update: EUR/CHF

Posted 07:24 05 December 2006 | 1

PCPOD.ff.png

Good job for those of you who got in the new trade, or added on to the original as the market price made a move lower after hitting the weekly trend line once again. The pair is currently finding support at the 38% fib retracement line, so I think it's time we take some profit off of the table.

With the current market buy price on EUR/CHF at 1.5895, I will close out the first half of our trade to lock in +30 pips and move our stop on the second half to breakeven. Good luck on the rest of the trade!

Comments (1)

Thanx, for this trade. I jumped in yesterday and I am still holding the position. I was wondering if you could say what parameters do you use for the Stochastic indicator. Thank you and I apologize for my English:). Maatej
Maatej | Posted 14:37 05 December 2006

Post a Comment

Oh snap! You need to be signed in to post comments! If you're already a BabyPips.com member, please sign in. If you aren't part of our ridiculously cool club, please register. It's free! And cool.

Forex Blog: Currency Cross-Eyed

"Mistakes are the usual bridge between inexperience and wisdom."
Phyllis Theroux
Clicky Web Analytics
Feedback Form