I woke up this morning and checked the charts. To my delight the trade we made on AudChf was in profit by 24 pips so we closed the trade and booked the profit. I gave the trade 15 hours to go in my favor. That is about as long as you need for these current strategies that I am running. Anything more and you risk the fundamentals of the trade being influenced by some outside factor that was not part of the planning.
We took our Profit at .6370, so I am delighted to see this. The profit was booked during New York and London Session. We got in during Tokyo Session. So we will see how long the Swiss franc stays weak.
In other news the AudUsd looks like a play. We have not been following it that closely because we have other pairs on the radar but looking at the charts this morning it looks like it is trending fairly smoothly.
We took our Profit at .6370, so I am delighted to see this. The profit was booked during New York and London Session. We got in during Tokyo Session. So we will see how long the Swiss franc stays weak.
In other news the AudUsd looks like a play. We have not been following it that closely because we have other pairs on the radar but looking at the charts this morning it looks like it is trending fairly smoothly.
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