Euro and Swissy Trade Review: 01/23/07

Trade Review for January 23, 2007:

Both my Euro and Swissy trade were triggered today.

EUR/USD

Buy at 2975; Stop Loss= 2950; Target= 3000; Target 2= 3030 (Originally posted on January 22, 2007)

Result: +55 pips. There was a clean break of 3000 which led me to believe the pair would hit target 2 at 3030.

USD/CHF

Short at 2440; Stop Loss= 2480; Target= 2400; Target 2= 2380 (Originally posted on January 22, 2007)

Result: +60 pips. The candle that triggered my trade came very close to 2400. I watched it closely and fortunately the next candle made a strong push to 2380 where I took profit at my 2nd target.

Total pips for the day: +115 pips