Tuesday, March 2, 2010

The Last Post - GBP/CHF Trade

In my last post I spoke about a GBP/CHF trade that was not looking good. As you will see from the below chart, the pair came back and hit the weekly pivot later in the same day. A very profitable trade for me. This is an example of the volatility this type of trading can have. Very, very profitable when it works, but when it goes bad, it goes very bad. 1100 net pips for the trade. I'll take that any day.