Forex Trading South Africa
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Trades 25 July 2012

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Trades 25 July 2012

Post  Admin on Wed Jul 25, 2012 9:50 am

My choice for today :

Short CHFJPY @ 79.00 - A round number + 23.6 Fibo (My favourite level)
I'm going for a small retracement trade @ 15 Pips 1:1 RR Ratio

Let's see if it pans out, it should if it reaches the level.

The EURGBP trade from 2 days ago is now up 90 pips, I am moving my SL up to break even.
I'm still hoping for a 300 pip profit here'

TIP I ALWAYS move my SL to break even when it has moved 50% of the way towards the profit target (TP). It is criminal to allow a winning trade to turn into a losing one.
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