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August 19th, 2008 at 11:51 am

Still waiting.

in: General

What do you know? I’m still waiting for my orders to be executed. There is one small difference; I adjusted entry for GBP-CHF. Here is how it looks like
gbp-chf-2.jpg

I moved down to 2.0460. My target is about 100 pips, but it also depends on time, or more precisely time of the day. Trends tend to run out or reverse at certain times of day, so those could be good time to exit a trade, especially if the price is close to the intended target. I use time of day exits very often in my trading, but they can’t be really used as a stand alone method, but rather a part of broader approach.
My order in AUD-CHF remains unchanged for now, as the price is still within last swing area.

Mike K.

image1.gif

 

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