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Trade #53: Stop hit | Forex blog - JPY forex fan

Forex blog – JPY forex fan

A forex blog about making pips in any currency pair

Welcome to my forex blog. I am a great believer in luck and I find that the harder and smarter I work the luckier I get. :-)
August 31st, 2010

Trade #53: Stop hit

jpyforexfan

It’s 08:10am GMT. I just noticed my USD/CHF long position’s stop has been hit. So, that’s a loss of 206 pips right there.

The hourly chart of the Swissy pair as of now:

2 Responses to “Trade #53: Stop hit”

ashton says:

Hey JPYFF,

Just to give you a heads up, starting september 8th, the Euro historically goes into a bull mode right up until the beginning to middle october, this has been 90% accurate since the inception of the Euro. But these are just statistics. Generally for the swissy this is a bull period 70.6 percent of the time, from august 9 th to october 15th. I took a beating on the JPY cross…..yikes i dont think I will be playing that pair for A loooong TIME! lol…i guess the game of forex is about losing sometimes. I think the lesson for me is to win more then to lose. Haha….anyways..I thought i would pass this information along to you. This info is from the commodities almanac, it has served me well!….(sometimes) lol.

jpyforexfan says:

Hi Ashton,

Long time, no see! I guessed you might have had an accident on the USD/JPY road – a lot of oncoming traffic there against you. I was lucky not to be traveling on that road at all, though I had plans to join you there, in the same direction. Anyway, the Swiss road wasn’t all goodies either. My crash was inevitable. Hopefully, EUR/USD will go down a little bit more. Thanks for the advice. Nevertheless, I still think there’s some more way to go there.

That’s the 2nd day in a row, the Dow is closing at 10,000. Methinks, it could dive 200-300 units any day this week (especially Thursday and/or Friday).

Cheers!

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