Saturday 19 October 2013
















A distant relative of EURUSD...
Ok, as posted earlier i will be looking at other major pairs. Let's begin with USDCHF, i call it a distant relative of EURUSD simply because it is negatively-correlated with EURUSD.
Anyway, the above shows daily signals for USDCHF recent months.

What can i say? It seems to be worst performing than EURUSD. Let us analyse:
30 May 2013 a Buy signal, but assume we entered late 0.95243.
Price went south 0.91296 (394 pips! so is goodbye to this entry if SL200 pips was setted)

12 June 2013 a Sell signal, assume we entered late so at low of 0.91664.
BOOM! The price went up again! What a joke! It went to 0.97504 (584 pips lost!! 200 pip SL again triggered)

12 July 2013 a Buy signal, we entered late at 0.94373 but then later on...
24 July 2013 a Sell signal again! Assume entry is late at 0.92882
Well, at this point you have 2 options, to close out 12 July 2013 entry and enter a Sell or you can leave the 12 July 2013 with the SL 200 pips.
So assume we are greedy, we leave our 12 July 2013 Buy with SL200 intact and also enter the 24 July 2013 Sell.
Prices continue trend down to 0.90130 recent closing.
12 July 2013 Buy 0.94373 (424 pip lost, so definitely 200 pip loss bagged)
24 July 2013 Sell 0.92882 (275 pip floating gain)

Wow, what a roller coaster ride for USDCHF. We have 600 pips lost and a floating 275 pip gain. Bummer.
Next we see how does 4H fair for this pair.

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