Donnerstag, 7. Mai 2009

Beyonce, the SNB and a Eur-Swissy-Trade part II

well, on one side i have to admit that the expected Beyonce-Effect didnt happen yet, but as i mentioned in my first posting i would set the stoploss to breakeven when i am 30 pips in profit. 5 times (in words five!) i have seen 30 pips profit and put my stoploss to breakeven, and 4 times i was stopped out breakeven. Why not 5 times? the last time i was 30 pips in profit i took the money and run away! The setup will remain, my faith in Beyonce is neverending, but after the SNB speakers are done now without any effect I will set out the entry until next week, after ECB decision is digested, the stress test and NFP is released, because i think we may see a rather choppy market the next 2 days. However, if the cross sells off to levels under 1.5, i will not hesitate to take a long for a multiweek trade. Back after the weekend with an update.

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