Yesterday’s profit taking in EURCHF was another example of why intuitive trading is what a disciplined trader should steer away from. Negative Euro news flow with the pair trading just below 4h and 1d resistance level have prompted me to close the long position with a small profit. Nontheless the price moved higher and held its intraday uptrend. The exit has proved to be early levaing me with a net loss with the two trades combined.
EUR/CHF: closed trade follow-up
This entry was posted on Wednesday, March 30th, 2011 at 8:10 am and tagged with EURCHF, takeprofit and posted in trading note. You can follow any responses to this entry through the RSS 2.0 feed.
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