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Stopped out of my trade!

Afternoon traders,  I posted a blog this morning and again this afternoon on the USDCHF and the hundreds of opportunities it gave you to jump in on the trade.  I must say that I was not over enthused with trading today so only placed this one trade and came out of it 45 pips in profit.  Not fantastic but not a loss and no work involved!

USDCHF on 15 minute chart

USDCHF on 15 minute chart

Getting in on the break of the 38.2% Fibonacci level and break of the 100 day MA, I entered the trade.  Using the Moving Average for stop placement, I rode the trend up until being stopped out at 1.0830 with the retracement that broke the MA.  No emotion in the trade, not a massive result but happy with the result.

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02/07/2009 - Posted by 4xchick | Education, Forex Updates, General | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | No Comments Yet

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