November 2003

Sell USDCHF now @1.3030
40pip stop and60 pip tgt

 

USDCHF trade stoped out with40 pips loss. Will be looking to sell greenback tomorrow again for shorter term trades.

See you all tomorrow,

Rezo

 

shorter term trades:
buy euro/usd now@1.1890 stop 30, tgt 50 pips

sell usdchf now @1.3077 with 40 pips stop and 40 pip tgt

 

Rezo_s,



The correlation between the EUR/USD and the USD/CHF is

- 0,90 ; an almost perfect inverse correlation....

 

The highest correlation you can find between all possible

combinations of currency pairs...

 

Good Morning all,

took the profits on both trades at current prices:

EUR close @1.1922 (+32 pips)

Swissy @1.3030 (+47 pips)

Good Day and Good Trading,

Rezo

 

Thank you, that is something I didnt know

No seriously: the reason is that still those 2 are 2 different instruments, and there is still very little but diversification. Instead of opening one position in euro worth $2, I prefer opening $1 on euro and $1 on swissy.

Maybe it is not that big of a motivation, but the way I see it - it is prefered and worth it. Sometimes one of those 2 outperform another.

Regards,

 

Cable now at 1.7030, been as high as /50;
stop moved to entry level

 

buy euro/$ now@1.1890
for the short term 50 pip target & 30pip stop

 

stopped out with 30 pip loss