Foiled again

The usd/chf has stopped out and appears to be headed safely above 1.48 . One thing I've noticed about this pair is that its volatility is often manifest in unusually rapid advances and declines to the end of a given range followed by a quick and deep reversal. This pattern is evident on both 30 and 5 minute charts. Perhaps there's a structural component associated with the CHF v. EUR correlation ?



The importance of sticky numbers



last nights short eur/jpy trade is still irking me. I'd set the stop for 116.45 from 116.24. This had been tripped by a brief spike at about 2:20 that didn't penetrate 116.50 . This is one of those mistakes that leave you wonder what you could have possibly been thinking . The .5 level is a natural barrier, and another 10 pips - to 116.55 , would have bought more protection than the first 21 I'd allocated.