Wednesday, December 9, 2009

Currency Setups

NZD/JPY Long @ 62.86 short @ 62.00 target 85 to 95 pips
Long @ 62.90 Stop @ 62.40 first target @ 63.62
First target hit Moving stop to 63.60 second target 64.11
TARGET HIT +121 PIPS

CAD/CHF Long @ .9667 Short @ .9625 target 45 to 55 pips
Long @ .9667 Stop @ .9620 first target @ .9693
First target hit moving stop to .9663
Moving stop to .9762 new target .9824

SECOND TARGET HIT @.9824 + 157 pips

EUR/CAD Long @ 1.5687 Short @ 1.5623 target 60 to 70 pips
Short @ 1.5623 Stop @ 1.5687 first target 1.5580

TARGET HIT +43 pips
This was a good lesson today... I had too many trades on and set a limit order to sell in case of a gap down and I only got the first target... Had I managed the trade as I usually do, I would have hit second target!!!!!

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