Monday, August 4, 2008

Summer of Pips

The FX Model just keeps on creating opportunities - even during summer slowdown. Today we saw +70 pips for traders in the US session on the 15 minute charts.

In the CHF, during the US session, we moved out of a period of congestion with a brief dip down and then right back to where it was -for +48 pips!

AND, the FX Model caught the action on both ends.

(Click on the image to see full size image)




The GBP broke out of congestion with a breakout signal for those traders in the London session, and then a chance to catch the action in the US session with a Sell signal and an exit at end of day.

+20 pips on either side of the Atlantic

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