Euro and Swissy Trade Review: 01/23/07

By Big Pippin

January 23, 2007 4:07 PM UTC in Technical Analysis

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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

About Big Pippin

This is the true story of one man, picked to live in front of his computer screen and find ways to make money from trading money. See what happens when markets stop being polite and start being real! Using charts, I show how current currency price action is playing out and chart patterns forming.