Wednesday, March 21, 2012

CHF/HUF Update


My CHF/HUF trade has broken out of the falling wedge and made good progress. It didn't quite make the first target but got 75% of the way to it.  In these instances, I move my stop to break even so that I don't endure the pain of seeing a profit turn into a loss if the trade doesn't make further upward progress.   I am therefore in a risk free trade from here on.

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