November 2003

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
 
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
 
Quote from sabena:

Rezo_s,



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

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

Thank you, that is something I didnt know :D

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,
 
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