Trade Review: USD/CHF

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I guess because of the new site and my ability to post trade updates on the site, I got a little crazy with today’s “Pick of the Day.” My analysis of the current market environment led me to believe that we would see a further drop as I expected a drop in the ISM service sector number.

My first trade idea was actually stopped out, but I firmly believed that we would see a drop, so I decided to take advantage of my new ability to post directly on the site and offer a new trade idea. Of course, the ISM number surprises to the upside and my second trade idea was closed out as the Dollar rallied on the positive economic news. So, first trade -40 pips and the second trade -50 pips.

I promise I won’t get that crazy again, I’m just so excited about the new BabyPips.com….aren’t you????