Sunday, November 23, 2008

UPDATE ON 11-19 EUR/CHF set up

Although I did not enter this trade ( I guess I should be called bonehead now) price certainly did what it does the majority of the time and would have paid a nice profit. I had some things to do and did not have the time to manage the trade but I also have been very respectful of late to this market. The EUR/CHF , however, seems to be honoring most of it's levels even when many of the other pairs are very irratic. The USD/CHF trade that I was tracking did not honor the level I was watching on it, but then again, the only thing I had to go on was a weekly chart so bleed through should be expected. The GBP/USD never got to the level so there was no trade there.