Friday, August 31, 2012

CAD / CHF Update: Friday 31st August 2012 16:28hrs

CAD / CHF

I have been stopped at break even on this position.

Chart below:

 



In hindsight, maybe I should have taken the 2.5% that was available just before the news at 13:30hrs.

Greedy? Maybe, but I didn't go into the trade looking for 2.5% so I held and followed my trade plan.

I thought the CAD GDP figure would be worse than forecast and it was better.

Hindsight is great and if I had banked the 2.5% and price was down at my 5% target I would be just as disappointed.

I end the week flat and I am happy to see the back of August.

I will update again when I find the next strategy trade.

Hope you all have a great weekend.

Best Regards

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