4Xchick trade of the day!
4Xchick trade of the day!
Evening traders,
Before I shut down for the night I thought that I would put up one more post. This one being of my favorite trade of the day. Sometimes luck is on our side and we see movements like this – sometimes we get volatility and erratic behavior! This trade on the USDCHF gave us a brilliant entry. Those who read my blog at about 7.30 this morning would have been watching and waiting for the break.
Once price broke, it managed to not only close below the short term moving averages, but the 200 day MA as well, signifying to us the change in direction. The pull back in the early morning may have got traders concerned, however, you should never have been stopped out and the rewards came later to those who were patient. 105 pips profit on this trade, just by looking at the strategy, putting our eggs in one basket and believing in our judgment!
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Serene Education Ltd Blog- This site has been moved!!! 28/07/2009Dear Serene Education followers and students. Please be advised that this blog site has now moved sites and has been replaced by www.SereneEducation.co.uk/blog. This is due to our new members site where we are able to offer you, our valued students more valuable benefits and educational experiences. Click HERE to be taken to the new site and ensure [...]
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