A blog that combines philosophy, psychology and technical analysis in regards to Forex trading
Tuesday, May 18, 2010
EURCHF—update
As the pair approaches yesterday’s high, I took partial profit at +34 pips and moved my stop to breakeven. If you’re not long, a short with a very tight stop (who knows if the SNB will intervene?) is possible but profit potential is low as that 1.40 area is strong support right now.
My name is Dianne Fecteau. I'm a recovered fundamental investor, having invested in stocks since I was a teenager. I now trade using technical analysis, mostly in the Forex market. I have a finance and information technology background and have also completed programs in such mind body programs as the Feldenkrais Method and QiGong. I am a Chartered Market Technician, having passed the three exams required to earn the CMT designation from the Market Technician Association. I am discouraged by how much misinformation is out there about trading and how so many "traders" seem to make their living from selling seminars. In this blog I want to show some of the trades I take and tell you why. I hope that it will be instructive and helpful to new and even more experienced traders.
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