Cyclopip

Greetings! Before I go off to celebrate and usher in 2009, I thought I’d end 2008 on a positive note by closing my short EUR/CHF position down and locking in a nice profit.

My long EUR/CHF trade was triggered at the beginning of the European trading session, but better than expected Swiss Trade Balance and Retail Sales data boosted the Swiss Franc higher.

Zzzzzzzzz…Yup, that’s about how exciting the EUR/CHF market has been for the past two days. To be fair to the pair, there has been little news to spark moves in the markets other than

My trade closed yesterday as EUR/CHF rallied back up to my entry price at 1.5450.

Not too long after my post, EUR/GBP tested .8350 again and found enough buyers to push the pair all the way to .8500. It looks like that was the top as sellers pushed the pair

My trade was closed on Thursday on a risk appetite rally. My remaining position was closed at breakeven to close out the trade.

EUR/JPY missed my short entry orders by a mere four pips on Tuesday, and as it looks like the market is on its way to continue I have decided to close my open orders to

My trade closed at a profit yesterday as the pair rallied up to my adjusted stop at 127.00 in afternoon US trading.

I am closing my open orders to short EUR/CHF at 1.51 as the pair found enough sellers at 1.50 to push it down to new lows.

My trade closed on Friday as EUR/JPY rallied at the end of the day back to my adjusted stop at break even.