Those of you who have followed the blog know how much I hate trading the swissy. I find it to be the most stubborn pair to trade. I like trading the gbp/usd, gbp/jpy, usd/jpy, usd/can, nzd/usd, euro/jpy pretty much in that order. I do however like the gbp/jpy for BIG moving trades. You need deep pockets and guts to trade this pair, and is not for the timid. But for the sake of placing "safer trades" for you , I want to stay with the majors on most nights.

So if you saw my picks last night, how did they turn out? Both came close to my profit target and never hit, so I am still holding them and will wait to see what the Forecasts say to see if I have to make any adjustments. I like to take 2 opposing pairs (gp/usd,usd/jpy, or euro/usd, usd/chf) when the Forecasts have them going in opposite directions (which is normally in correlation). Last night the swissy and euro were strong signals in opposite direction. (good sign). Also, I verified that I had a good movement happening in each pair on my Daily Charts (good sign). The Markets are pricing in a rate cut by the FOMC (Good Sign). The USD is taking a beating on all the pairs (good sign).

Now, as a Monday morning quarterback, the Euro is very high and will take a push to go higher. Not one to take a trade like that normally. But as the stars lined up according to my checklist I was trying to double down with the Euro following the market wishes to go higher, and the swissy going down with it.