Forex Trade Idea #102: Long USDCHF (Closed +272)

Posted by Arnold Diaz
Thursday, December 3, 2009 14:46
Posted in category Forex, Trade Signal

Buy: 0.9980/90
Stop: 0.9932
Targets: 1.0095 / 1.0125 / 1.00225

Move stop to breakeven on 60 pips profit.

If it closes above that blue line, that’s another buy signal for me.

Disclaimer:
Foreign exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits. Foreign exchange and derivatives trading entails a considerable risk factor and is therefore not suitable for every investor. Absolute Traders does not take into account special investment goals, the financial situation or specific requirements of individual users. Hence, you should carefully consider your financial situation and consult your financial advisors as to the suitability of your situation prior to making any investment or entering into any transactions.

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4 Responses to “Forex Trade Idea #102: Long USDCHF (Closed +272)”

  1. Arnold Diaz says:

    December 3rd, 2009 at 3:05 pm

    Stop loss adjusted to 0.9932. 10 pips below 88.6% fib retracement.

  2. Arnold Diaz says:

    December 4th, 2009 at 7:07 am

    Trade opened at 0.9995 and 1.0008.

  3. Arnold Diaz says:

    December 4th, 2009 at 11:56 pm

    Closed position 0.9995 at 1.0125, +130pips

  4. Arnold Diaz says:

    December 5th, 2009 at 2:16 am

    Closed position 1.0008 at 1.0150, +142pips. This trade idea is closed.

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