Re-entered USD/CHF long at 1.2323. I'll try for 20 pips then set a trailing stop of 10 pips. This run up has rarely seen retracements of more than 10 pips so I'll set the trail see how high she goes.
Forgot to mention that I am using RSI 14 right now. Everytime USD/CHF dips above the line it drops right down about 5-10 pips. If you are looking to enter this position try to buy on a dip down. Just watch for a spike upwards then a pass of the RSI 14 line will indicate a retrace.
Good point it looks like it's slowly reversing now but I think another short run up is going to happen. I'll see where it goes within the next few minutes.
It spiked up a little more thats what I was looking for. Sold off at only +5 pips but at least it's not a loss. Going for lunch be back later on in the day to try make some more pips. Good luck with your positions SFX.
Cleared all positions for the day for a profit save for the GBP. Added 3 longs at 8835. Not looking for much. Just a decent retracement for a few pips. Then I'll close for B/E reassess later on. Unless she sticks like glue at these levels in which case I'll close it out for a loss.
Added one long at 8835 as well. GBP/USD looks like it wants to retrace some pips. I'll set a limit at 25 pips for now if it's looking to retrace some more a trailing stop will be put in place left alone.
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