Buy EUR at 1.2531 Target 1.2572 Stop 1.2503 Position Closed. 3 pip loss.
Sell CHF at 1.2117 Target 1.2088 Stop 1.2127 Stopped. 10 pip loss.
Looks like we are going to try again. If you want to reduce risk, just put the EUR position on because these two currency pairs are highly correlated: when EUR rises, CHF falls.
Thank You Dukascopy for the free forex gadgets!
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- STARtechnologies produces innovative decision support software for traders. It has two active products: STAR:rs for trading equities by using a dynamic approach to momentum investing and STAR:fx for trading spot FX on an intra-day basis. Both products will shortly be available to traders by subscription and there are other exciting products in our pipeline.