Dear Thread,
In the spirit of contribution, demoed the following today
on Saxo Bank platform: had -.48 on EURUSD and +.73 on USDCHF at 11:19 AM GMT. Sold EURUSD at 1.58585 and sold USDCHF at 1.02315. Closed USDCHF at 9:30 GMT at parity (0%) at 1.0163 (+68 pips) and EURUSD at 1.5858 (-44 pips) for a net of +24 pips. I also used BillyRay Valentine's S/R levels on EURCHF to determine exactly when to sell the spread once it had reached -.25. The S/R levels combined with the % divergence seems to make for a safer trade. Comments? Thanks.
Lenoxer
In the spirit of contribution, demoed the following today
on Saxo Bank platform: had -.48 on EURUSD and +.73 on USDCHF at 11:19 AM GMT. Sold EURUSD at 1.58585 and sold USDCHF at 1.02315. Closed USDCHF at 9:30 GMT at parity (0%) at 1.0163 (+68 pips) and EURUSD at 1.5858 (-44 pips) for a net of +24 pips. I also used BillyRay Valentine's S/R levels on EURCHF to determine exactly when to sell the spread once it had reached -.25. The S/R levels combined with the % divergence seems to make for a safer trade. Comments? Thanks.
Lenoxer