Hello Everyone..........
Charles.....
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if, say, US$ goes up why do traders sell both EUR and CHF instead of the same number of lots (whatever) in just one of the two instruments? There must be some possible variable with selling both that I am not aware of?
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In the current Market environment with the USDollar Supported and challenging another advance positions taken in Selling Euro/Usd<>Buying Usd/Chf will modulate alignment as the Directional move builds...and in that process one of the pairs will outpace or underpace another until the next formidable Technical level in the USDX ...thereby creating a spread in Price action and a means of reducing to Breakeven/Profit quicker as the total Hedge in multi-Positioning builds depending on the total pairs involved..Cable into Euro/Usd into Usd/Chf into Usd/Jpy into Aud/Usd into Usd Cad etc...
Noor...Great split screen alignments and correlations...keep calibrating Time into Price across the USDX universe...Great Work my Friend
StormyGold...Always Great to see your Excellent Research/Analysis my Friend.
Euro's South probe today to 1.1861 was telling as it instituted an important retest near the current Lows at 1.1849 with the North advance contained at 1.1922 to 1.1910 as a South break at 1.1870 will retest/break 1.1849 onto 1.1830<>1.1810 for strong Support at 1.1790/80...also on the 1HR/2HR frame a momentum break on today's 1.1861 Low testing back to 1/3/06 further chipping away...
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same levels are in play as mid/late last week with a Swiss North break at 1.3140 onto 1.3155<>1.3188<>1.32+ propeling the Euro to a test/break at 1.1830<>1.1810 with strong Support at 1.1790/80.
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Of course, that begs the question, why not just buy as it goes up...cause it's my mouse is the only reason I can think of! 
Re: Sell Eur/Usd
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