TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

USDCHF

One USDCHF trade 23-April-2009

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Short position of USDCHF was established at the same time as my EURUSD trade mentioned in the last post.  Technically, I was bearish about Dollar. Another classical text-book pattern. Profit target was hit on Friday with +2R , a perfect way to end the week. It has been a decent week with +7R. I am not trading on Friday.

On a side note, Oanda has been behaving abnormally today. There were times it prompted me ‘Server Busy’ and failed to log into my account, and quote was lagging, and , as I am writing now, my ‘Activity’ tab is empty. Well…. Any of my 12 readers encounter the same problem?

Here is the…. CHART!

usdchf_trade_closed_oanda_23april2009

 

*Update : Communicated with Oanda support, upgrade work of platform is going on, and Activity tab is disabled.

Simple setup , but ‘not-so-good’ trades

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I made 2 day trades yesterday. Long EURUSD, Short USDCHF. Simple setup. But, instead of waiting for the planned target, I chickened out on exit. Well…

Beautiful charts.

[photopress:_USDCHF3_9_2008_1.jpg,full,1]

[photopress:EURUSD.jpg,full,1]

Side note. If you are not reading this post on tradergav.com, please leave immediately. My posts are stolen by some sissy birds recently. They created a new website and published my work without my knowledge.