Saturday, February 28, 2009

Out of the GBP/CHF trade with a loss

I took a loss on my third GBP/CHF trade (not the first two) even though we are still in the channel I showed you in the video. WHY? Because Market Club just issued a new Trade Triangle the opposite way. Sideways market...but why take the risk?

See the trendline?...maybe we spring DOWN out of the channel. See below:


New Trade Triangle

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