Talk about getting a hit on USD/CHF. The day after I bought in at $1.2296 on the pair due to a MACD crossover the zero line, the pair took a nose dive and I am currently down 111 pips. So here is the battle in my mind: I bought based upon the MACD crossover AND the fact that the number of contracts wanting the pair to rise in price doubled AND that I can gather interest $$ since the USD has a higher interest rate than the Swissie. So, do I take a loss and sell the pair now or do I wait it out? I am still going to hold on for now even though my MACD is now below zero.
The trending indicator I used showed that the AUD/JPY pair will probably begin trending higher so I bought the AUD/JPY pair today at $101.76.
CRM is really showing good positive signs of accumulation. A breakout above $50 would be good.
Good luck trading.
JD
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