The trade went 'In The Money' for quite sometimes, reach as high as 0.9180-0.9190 but couldn't reach profit target and reversed.
The trade also went on for 3 days....quite sometimes eh. So this kind of gave a reminder about my test trading i.e. target smaller profit target and get out as soon as possible and when you are making a money. Get out and search for another opportunity.
Update 7/12/2011
Transaction triggered on 6/12/2011 07:58:13 GMT. Will monitor the chart and adjust the SL and TP accordingly.
CAD/CHF Daily Chart
CAD/CHF 4H Chart
Showing Higher High and Higher Low and above 40 SMA. Indicates an up trend is still in charge
CAD/CHF 1H Chart
The up trend is clearly seen in 1H chart. The next High is 0.9075.
CAD/CHF 15Min
Showing still an up trend and a build up toward 0.9080 (previous high).
CONTRACT: Long/Buy
EP: 0.9090 (a save entry from previous high 0.9070-0.9080)
SL: 0.9000 (seen as previous low/high in Hourly chart)
TP: 0.9250 (resistance level in Daily Chart)
As always, risk only 2% or less.
