Trade Closed: 2007-08-26 11:00
1st Half: +20 pips
2nd Half: +00 pips
Total: +20 pips
Stay tuned for more trade ideas in the last week of August trading!
Trade Update: 2007-08-24 09:10
Our short trade was triggered the morning European trading session and momentum has carried the pair far enough to hit our first profit target.
We closed half of our position to lock in 20 pips, and please adjust the stop on the remaining position to break even. We will hold for now as momentum for the pair is to the downside and US New Home Sales may take us down even further! Good luck!
Trade Idea: 2007-08-23 22:00
Good Evening! Tonight, it looks like price action in USD/CHF has been ranging and consolidating over the past couple of trading session. Will tomorrow’s US data provide the catalyst for a breakout play?
As we can see on the chart, the pair has stay withing a 50 – 60 point range as this market is probably waiting for US Durable Goods and New Home Sales reports tomorrow morning. We setup a straddle play for quick pips.
Stay tuned for updates, good luck and good trading!