Moving, moving, moving

I am moving. No, I am not moving to options or stocks. But I am moving to a new apartment which toook a lot of pain to choose. For that reason I wasn’t able to trade fully or more precisely, full-time. I have managed to take three trades. One loss and two winners. Winners are not that interesting except the one which had to be closed earlier.

This was in EURCHF and it produced modest +25pips gain. EURCHF topped nicely around 3200 which is a weekly strong resistance and offered a hammer. I decided to fade this move with the target at 3050. Well the target was fine as it turned out later but the price action wasn’t. I just didn’t like how it moves and then the massive engulfing came along and I exited the trade manually. No regrets since the exit was according to the plan. The trade unfortunately resumed it’s direction and went straight down to my initial target. Good trade.

Much more interesting was a looser in EURCHF. Since 3080’s proven to be a well bidded zone I placed my stop just under after the bullish hammer appeared. This zone was well tested and it was a fifth bounce of this support at 3087. I went long with a stop just below 3086. This stop has proven to be too tight but again my target was around 60pips and I wanted to maintain at least the 2:1 RR. Unfortunately in about an hour my stop was hit producing a loss of -36pips. 

Last trade was a USDCHF trade. Not much to talk about since I was asleep for most of it. I guess I couldn’t help myself and wanted to trade the strenght of the Swissy. After moderate retrace I saw an opportunity of a nice almost 4:1 RR and it payed off gaining +81pips. The general idea was to fade the downtrend which was initiated by 9100 break. Finally a decent trade 🙂

Hopefully I will start trading full time again next week but the whole month of April will be somehow shattered due to the moving obligations. Take care and be safe 😉