TRADE #2 OF STAGE 5: LONG USDCHF ALSO A COMPLETE FAILURE. 0 WINS, 2 LOSSES IN STAGE 5
Very similar to what is happening on the EURUSD is happening here. The USDCHF pair is in an uptrend and the stochastics are in an oversold area on the 4-hour chart.
I am keeping my stop losses tight as I see minimal movement in the pair as it has been consolidating for the past few weeks. Click on the chart to see an explanation.
UPDATE: This pair also failed me too. Here is the chart to show what happened. I learned that getting 3 wins a row is good and trying for a 4th may be asking a little too much.
Very similar to what is happening on the EURUSD is happening here. The USDCHF pair is in an uptrend and the stochastics are in an oversold area on the 4-hour chart.
I am keeping my stop losses tight as I see minimal movement in the pair as it has been consolidating for the past few weeks. Click on the chart to see an explanation.
UPDATE: This pair also failed me too. Here is the chart to show what happened. I learned that getting 3 wins a row is good and trying for a 4th may be asking a little too much.
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