March’s edition is jam packed with information and for those who haven’t heard of this magazine, it is the premier magazine dedicated to the currency market and contains tons of information pertaining to whats new in the industry.  You can kindly download a free copy of March’s edition or if you missed last month’s edition, you can find it here.

Status of Open Trades:

My prior EUR/USD position is still open and is currently up +60 pips and has been seesawing within a narrow band between 1.5300-1.5400 and I have already set stop loss to break even so no harm done.  My target still remains to be 1.5450.

Potential New Trade Opportunity:

Another possible position may present itself at the moment is the GBP/CHF pair on the 4-hour time frame to the downside.  It has been trading for the last two weeks in a consolidated range and has finally broke out towards the trend of the 3 simple moving averages.  I will look to exploit this downside upon the breakout and pull back configuration.  Here’s what is showing up on my screen at the moment:

GBP-CHF, March 10, 2008

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