Trade Update - EUR/CHF Short CLOSED

Update 04-01-08 7am:
Not surprisingly, the only trade I picked from the ones recommended decided to go against me and hit the stop loss. The sudden Dollar rally can be given as an excuse for the failure. I am however not sad with the trade as I followed the rules. If there is any complain about the trade, it is that I entered it without the AO showing red.

Total Pips: -300
Total Loss: $296.94

Update 03-31-08 10pm:
So few hours after I opened this trade, I noticed that except this pair, all the remaining pairs have gone according to the recommendation. So I thought this was the safest trade of the bunch given the level of Stoch, RSI etc. But it turns out its the worst. So I have analyze the trades once again to see what I missed.

The Trade:
This was one of the trades I picked from the OzFX forum recommendations today. Going short the EUR/CHF pair. The other trades recommended for the day at the forum are as follows.

- GBP/USD Short
- NZD/JPY Short
- USD/CAD Long
- AUD/JPY Short
- EUR/JPY Short

System:
The trade is based on the OzFX system on daily charts. Note that this is the original OzFX system. The AO is still not red when entering this trade.

Reason:
The price is below the 200 SMA and AC has turned red and about to cross 0 in the daily charts. The Stoch, RSI and %R indicators are also trending down for this pair. Checking up the pair on other system, I see that the downtrend has already started, or about to start in the other systems depending on the time frame. Shown below are the pictures form all systems starting with the OzFX.

OzFX:
Trend:
A-MACD:
HAS:
Elite:

Rating:
Considering that the trade is in direction of the long term trend, this is relatively safe. The Stoch, RSI and %R indicators are trending down and not yet in over sold territory indicating there is some downward pressure left. And finally, I should see the trade being signaled on the HAS and A-MACD system soon. Considering the above, I would rate this trade a 4 star.

Entry & Exit:
Lots: 3
Entry (Short): 1.56727
Stop Loss: 1.57727
TP1: 1.56227
TP2: 1.55727
TP3: 1.55227