USDCHF (Long) – closed on 24 Feb 10

I have been waiting for this opportunity since the day before and finally get the chance to long this pair.

Entry signal for using the PIPS Swing method – on the 4 hourly chart, enter after a full candlestick formed above the Pips Weekly Pivot. Hull Moving Average aqua in color. The only concern was that there was only one GRBB bar that is thick green.  

Unfortunately, the pair did not go up enough for me to protect any profits. I intended to sell once the Hull MA changes color. Before it could do so, my stop loss was triggered. I see that the next candle is a very bullish bar, but this is part and parcel of trading. Have to take the loss as we are not sure how low can it go.

Bought 1 mini at 1.0812 on 23 Feb 10.
Sold 1 mini at 1.0758 on 24 Feb 10.

Loss: -54 pips

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4. USDCHF (Long) – closed on 19 Feb 10
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6. EURUSD (long) – closed on 28 Dec 09
7. EURJPY (short) – closed on 13 Dec 09
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Tagged as: FOREX Trades

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