Monday, August 31, 2009

Start of a new Month

So Im in the GBPCHF going long with three entries: 1.7265 (D.4.1), 1.7214 (cost avg) and 1.7245 (D.4.2.1). Right now I am just waiting. Gonna hold the positions as long as I can. I think this a very low spot where we are at. Once we can break the 2hr Red river line we should hv smooth sailing. The day ROI is really low in the channel and has been trying to cross up for awhile now. We have week river in agreement with us also. When we get above the blue river line ont he week, we should see more bear.

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