Follow Up On The Usd/Chf

Plan the trade and trade the plan...this trade didn't work out as planned. The dollar picked up strength yesterday and the Usd/Chf popped out of the linear regression channel and stayed out of it. I did take a small position yesterday and it was profitable for a couple of hours, but now I'm out with a small loss. Can't win em all.

Here's an updated chart:Game plan for today:

Watch the Eur/Jpy--it's currently falling within in it's own trend channel and might offer up a nice buying opportunity;

Watch the Usd/Yen--this pair is still very strong but it needs to work of some overbought levels;

Watch the Eur/Usd--seems to be at a pivotal level..will go long if it holds the 1.3230 level at the end of today's session.

You can follow me on Twitter here for more updates throughout the day. Good luck trading!

TLT