Friday 6/30/2006 12:30 ET
TS #113 Sell GBP/CHF at 2.2635
Stop is 2.2656
Target #1 is 2.2175
Risk is max. 36 pips
Reward is min. 445 pips
Reward : Risk ratio is min. 12.4 to 1
In terms of reward : risk ratio and probability of success, we would rate this a good trade. It may require six or seven days, or it could happen very quickly.
For research purposes only.
Commentary:
7/3/2006 12:30 ET
This currency pair is a big mover at times. This trade has progressed about 100 pips down to 2.2530 so far, and is on track to reach its target hundreds of pips further down.
7/4/2006 10:30 ET
GBP/CHF fell to 2.2520 at 13:20 ET on July 3rd, then retraced all the way up to 2.2630 at 9:00 ET this morning.
True to form, this currency pair is moving in a larger range than any other right now. We think it is headed up to 2.2635 to 2.2640, at which point it will reverse and head south again.
7/4/2006 10:00 ET
As predicted, GBP/CHF reversed at 2.2632 and fell 112 pips to 2.2520. It should bounce, and then continue its downward trend towards 2.2500 and below.
Wednesday July 5 at 12:15 ET
As predicted GBP/CHF bounced all the way up to 2.2647 at 11:00 this morning. This is a top. It will come straigt down from here (as straight as anything moves in this market) towards its target of 2.2500 and below.
TS #113 Sell GBP/CHF at 2.2635
Stop is 2.2656
Target #1 is 2.2175
Risk is max. 36 pips
Reward is min. 445 pips
Reward : Risk ratio is min. 12.4 to 1
In terms of reward : risk ratio and probability of success, we would rate this a good trade. It may require six or seven days, or it could happen very quickly.
For research purposes only.
Commentary:
7/3/2006 12:30 ET
This currency pair is a big mover at times. This trade has progressed about 100 pips down to 2.2530 so far, and is on track to reach its target hundreds of pips further down.
7/4/2006 10:30 ET
GBP/CHF fell to 2.2520 at 13:20 ET on July 3rd, then retraced all the way up to 2.2630 at 9:00 ET this morning.
True to form, this currency pair is moving in a larger range than any other right now. We think it is headed up to 2.2635 to 2.2640, at which point it will reverse and head south again.
7/4/2006 10:00 ET
As predicted, GBP/CHF reversed at 2.2632 and fell 112 pips to 2.2520. It should bounce, and then continue its downward trend towards 2.2500 and below.
Wednesday July 5 at 12:15 ET
As predicted GBP/CHF bounced all the way up to 2.2647 at 11:00 this morning. This is a top. It will come straigt down from here (as straight as anything moves in this market) towards its target of 2.2500 and below.