Saturday, January 12, 2008

Persistance Pays Off With USD/CHF Trade!

Here's the chart from the series of trades on the USD/CHF that began on Wednesday...


As detailed in the previous post, I lost 10 pips on the first trade in this series, then lost 31 pips on the second (long trade). The third trade was taken and was successful. I entered short at 1.1110 once the Forex Profit Monster indicators lined up and then exited at support at 1.1010. This trade resulted in a 100 pip profit.


That brings the January "realized profits" total to +559 pips.


For more information about the Forex Profit Monster trading system and how it works, visit the website at http://www.forexprofitmonster.com/.


Jim


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