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Trade #53 going awry | Forex blog - JPY forex fan

Forex blog – JPY forex fan

A forex blog about making pips in any currency pair

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August 24th, 2010

Trade #53 going awry

jpyforexfan

Holy s…! I definitely picked the right time to enter but unfortunately not in the right direction :-) The Swiss franc is freaking me out. What’s so good about the Swiss? Yea, the Alps, great watches and Milka chocolates… but does it justify such a move? ha ha :-)

Here’s the USD/CHF hourly chart as of now:

Posted in Forex Trades | 2 Comments »

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2 Responses to “Trade #53 going awry”

John says:
August 28, 2010 at 3:32 am

Know what you mean :( Wasn’t counting with this reversal as well…
The question is: is this a bounce or a trend reversal?

jpyforexfan says:
August 28, 2010 at 5:21 am

The market came down pretty close to my stop loss yesterday, but then it reversed up. I think USD will see better days than the last 2-3 days :-)

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