Okay cool, will check out that. Thanks buddy!Originally Posted by ;
Short - gbpchf 4545
This one was a loser. I am sad to say I regretted it after accepting it as I have not been trading for the last two days and was not'familiar' with the market and took it as a stand alone installation. I have in my rules to just trade cross pairs when there is clear correlation confluence and this wasn't the case here as even though UCHF was approaching resistance GU was looking quite strong and should have been sufficient to put me off.
Anyway it was a dodgy TL, 61%, and pullback to heavy consolidation that left me take the transaction. Maybe I should have also considered the potency of stocks that points into more risk appetite and a number of pairs like CHF and a stronger GBP. Plus there was the economic news from the UK which perhaps I'll have the ability to read the effects of greater later on.
Additionally my halt was 30 pips off as it possibly should have been over the entire amount which would have left this kind of break even trade... I was enticed go long when price retraced into the entire amount since the level was looking quite fine with GU looking bullish and UCHF back at support.
Fruing month! . Being diverted by the snooker all week along with other unrelated to trading things. Time to fully commit!
However, for now I am off to see the snooker again. ( ;
Will be watching