Thursday, August 18, 2005

Holding GBP/USD, USD/CHF Still

Two signals were issued two nights ago (my daily signals are usually sent between 5-7pm New York time), i.e:

Buy GBP/USD at 1.8106 (as for yesterday closing price, both adx and cci indicators show that the current trend is still healthy and should remain intact plus my own scoring system-adv index: 7 = buy)
Sell USD/CHF at 1.2558

Results a this point:
GBP/USD -53 (86 dd) Action: Hold
USD/CHF-42 (64 dd) Action: Hold

Given the opportunity this morning, I entered a long GBP/USD position (real-time trade) at 1.8040, which currently yields +15. I'll be holding it until tonight signal re-evaluation time.

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