Tuesday, September 6, 2011

CHF pegged to the Euro

Well, SNB decided to peg their currency to the euro somehow...not really sure what that means, but it caused a huge spike in CHF pairs (and USD as well for some reason).  CHF pairs will not behave as usual due to this intervention so I will not be trading them for a long while, if at all.  USD reaction caused my USDCAD trade to hit stoploss.  Thats two losers in a row for me, account balance is:  $2,951.82.  I don't see anything good on the charts for trading, this is just one of those times where you shouldn't trade, and wait for the charts to show you something good.  So, I will practice my patience and wait.

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