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Tags: why trade gbp/usd when gbp/chf is more predictable ?
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why trade gbp/usd when gbp/chf is more predictable ?

  • Post #1
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  • First Post: Apr 11, 2008 9:27am Apr 11, 2008 9:27am
  •  findcount
  • | Joined Apr 2007 | Status: Member | 870 Posts
this just popped into my head and i would like to hear others' opinions.....................

the gbp/usd can give headaches..........which is getting weaker more ? gbp or usd ?

the good thing about trading gbp/usd is you have more both buy and sell opportunities but there's more guesswork..........

i believe gbp/chf is now better as it's far more predictable (just sell most of the time) plus with gbp's interest expected to drop further, the negative swap is going to be lower.

even if you sold it and price goes up, average in is also safer if the initial position is not too big.
  • Post #2
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  • Apr 12, 2008 12:19pm Apr 12, 2008 12:19pm
  •  pipwrangler
  • | Commercial Member | Joined Jan 2008 | 106 Posts
I believe that any currency pair can be traded and none are predictable without unpredictability involved. The key, in my humble opinion, is that you have your set of indicators that will give you warnings as to whether the market might go up, maybe go down, or even go in a braided pattern and go sideways. These are the only three predictable factors that can be measured in this game.

All pairs can be traded as long as one understands their indicators, has confidence in them, and the faith in themselves to initiate trades. You also need to be willing to take a loss and roll with the punches, smile at defeat and rise to the challenge!
 
 
  • Post #3
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  • Apr 13, 2008 9:44am Apr 13, 2008 9:44am
  •  Gift_Art
  • | Joined Nov 2007 | Status: I've found my EDGE!!! | 252 Posts
i trade 10 pairs plus 3 commodities and they are all predictable

i might increase my basket up to 16 pairs and still believe they will all predictable but my MM will mess up

 
 
  • Post #4
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  • Apr 13, 2008 9:22pm Apr 13, 2008 9:22pm
  •  pipwrangler
  • | Commercial Member | Joined Jan 2008 | 106 Posts
Just to make things clear for the newbies. The predicability is based on your indicators and strategy right? No one knows what the pairs will do. We can only learn to read them and guage the direction based on the mathmatics used to measure predictable changes in the markets. Good choice on the MM.
 
 
  • Post #5
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  • Last Post: Apr 13, 2008 10:20pm Apr 13, 2008 10:20pm
  •  Gift_Art
  • | Joined Nov 2007 | Status: I've found my EDGE!!! | 252 Posts
a good start

12 positions from Friday all positive

the G7 meeting's result really had an impact

they are predictable, you can use indicator, price action anything you are good at, even fundamental economics news, they are still be readable
 
 
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