Trade Discussion: 7th October 2010

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The trade on Thursday was interesting, the EUR/USD and CHF/USD move up at the same time before the news released, however after the news was released the situation changed. The EUR hit "000" and then cannot sustain for long and turned down. It went all the way down to the opening as I analyzed beforehand, because the traders saw a strong resistance of "000" and worry about the NFP next day. They rather hold their position and wait till tomorrow.


As for the CHF, the situation is just opposite, a reversal setup was formed and I enter the trade using 15m chart when CCi 6 crossed the ZL. It was a nice trade which is according to the system I put up earlier.

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