Gbp/chf ??? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

GBP/CHF and USD/CHF 955 replies

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

What caused this hourly spike on the EUR/GBP and GBP/CHF? 2 replies

EUR/CHF, USD/CHF turning up? 1 reply

why trade gbp/usd when gbp/chf is more predictable ? 4 replies

Gbp/chf ???

  • #1
  • First Post: Jan 15, 2007 4:07pm Jan 15, 2007 4:07pm
This pair is the highest (2.4536+/-) since at least 3/04 when the high was about 2.3885. Thats about 650 pips higher! Any idea as to why and what the near future may hold for this pair? Given that the rate is, as I understand it, "synthetic", that is, artificially established, why is it being allowed to go so high? Thanks.
"Loss and failure are inevitable but misery is optional"
  • #2
  • Jan 15, 2007 5:20pm Jan 15, 2007 5:20pm
According to market action, the GBP has been a great winner since BoE surprisingly rose the interest to 5.25%. Nobody expected that. And there is some talk about that tomorrow news will boost even more the GBP rally.

GBP is far stronger than CHF. It is almost the same case of GBPJPY. This last pair has had an IMPRESSIVE rally so far. GBPCHF chart most look alike GBPJPY.

Watch out of "guessing" the top of this HUGE trend, that would kill you. Instead ride the trend.

iiivb

Quoting carmel
This pair is the highest (2.4536+/-) since at least 3/04 when the high was about 2.3885. Thats about 650 pips higher! Any idea as to why and what the near future may hold for this pair? Given that the rate is, as I understand it, "synthetic", that is, artificially established, why is it being allowed to go so high? Thanks.
  • #3
  • Jan 15, 2007 5:36pm Jan 15, 2007 5:36pm
Don't worry about the why's, or what's... just figure out a system and let the market tell you what it's going to do.

Otherwise, the more you try to figure it out, the more predictive you'll try to become, which then leads to you thinking you know where the market is going to go, which then ends up making your account balance go to zero.
Mr. Trend
  • #4
  • Last Post: Jan 15, 2007 5:45pm Jan 15, 2007 5:45pm
Quoting Mr Trend
Don't worry about the why's, or what's... just figure out a system and let the market tell you what it's going to do.

Otherwise, the more you try to figure it out, the more predictive you'll try to become, which then leads to you thinking you know where the market is going to go, which then ends up making your account balance go to zero.
100% agree - let the market show you the way and then ride it as far as you can

Kind Regards
Steve
0 traders viewing now