Thursday, 3 November 2011

Trade Closed AUDCHF (+24 bps / 1R)

This trade worked out nicely!

Didn't quite get set before Aussie retail sales, so I was tempted to buy at market, but rightly stayed out and eventually got filled after benign data. Still, selling Swiss Francs into a market that was tanking on Greek headlines did not exactly fill me with joy.

After entry I went for a walk to consider the merits of the trade away from the pressures of execution. Although I had concerns over the trend line, I was satisfied that the trade was valid, and at that point the fear went away. A good feeling.

Profit was booked a bit early, and once again I failed to leave on the 1/3 runner. First profit was taken around 0.382CD at +53 and +63 pips, with final profit taken around 0.618CD at +105 pips.

Total return was +24 basis points at 1R.

Very satisfying trade after weeks of waiting.