Thursday, December 5, 2013

#Gbpchf, when would you trend

It's easy to read about trend following strategies and how trending is the forex market or stuff like that.However is totally different to be in a trade. Come on... Look a t this graph..


The price is still above the 500-Days weigthed MA but it's a losing trade again. The last month looked good but then the pair prices started to move in a range. Who understand the markets. Well.. We're still here. almost 8% down already. With 3 trades opened. Of course, GBP and CHF are related pairs with related economies, but when there's a trend there is a trend.

This trade is still on this way. I don't even want to read or hear of the news. This pair made a huge reversal today, nothing else to say and I don't care... 

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