A Journal about life, price-action forex, and whatever I feel like talking about...
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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