Trade Update - GBP/CHF Short CLOSED

Update 03-20-08 7am:
This was one of those weird trades. after the first lot hit its target point, the price started moving side ways. Until the Sterling gained strength and the remaining 2 lots hit its stop loss.

Lot 1: +54 pips
Lot 2 & 3: -226 pips (113 * 2)

Total Pips: -172
Total Profit: $170.88

Update 03-19-08 4pm:
The first lot has hit its profit target of +50 pips. Trend still valid and am holding on to remaining 2 lots.

The Trade:
I am going short the GBP/CHF pair. Cable showing weakness across the board.

System:
Based on the HAS system on 4 hour chart.

Reason:
Cable showing weakness across the board. Price moving down, and we got the 2nd red candle across multiple TF's confirming trend.


Rating:
4 star. All time frames pointing to down trend.

Entry & Exit:
Lots: 3
Entry (Short): 1.98342
Stop Loss: 1.99390 (wider stop loss due to ATR)
TP1: 1.97842
TP2: 1.97342