Attached chart shows where the Fib 610 zone target level has been Hit almost to the pip. Fibonacci rocks non?

Ok, I have added my Twitter to the blog as it easy to add comments and observations on there. I 'Intend' to post actual trades taken from now on, on this part of the blog as a sort of journal. The live trading lounge is for everyone to share thoughts and trade set-ups on anything.

Still in Beta with this site. adding features etc.

Well on Wed we had the USD take a dive aftere Helicopter Ben's statements on the US Govt buying its own bonds.

I am looking at USD CHF because the SNB intervened earlier in the week and that move has been wiped out so Im looking for them to have another crack at devaluing the Franc fairly soon as they have already vowed to do.

The GBP/USD is at 1.40356 and has hit my Low target at 1.40350

I am looking for a reversal here as the Long Fibonacci target is a fair way up at 1.42580

Update: 2 lots long at 1.40656

Update 10:48 GMT - Lot 1 sold by TP at 1.41140. This was a momo trade strat for lot 1 +48 pips
The strategy on Lot 2 would normally be to move to BE at this stage but because of Volatility I decide to leave it at - 50 pips.

Update Stopped out - 50 Volatility wins the day again