Thursday, February 23, 2012

Last night I entered a new trade on EUR/CHF.   I went short at the breakout of a funnel pattern.   Sometimes these patterns drop quickly to their target...other times they meet "congestion" on their way...often at forecasted levels.   We'll have to wait and see.   If it works, my profit take order is already in place and  it will be a nice trade in terms of RRR.   If not my stop is in place and I'll be taken out.

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