Once again Swiss Franc has been alive on Thanksgiving night. I didn’t know if trading was possible for me, since I was hosting a dinner. Once that was over, I turned computer on to check the action. It was already past midnight(on the west coast) and European session was well under way. Being tired, I didn’t plan on active trading, but USD-CHF looked very promising so I placed an order.
There was a nice breakout of exactly the type I’m looking for at 1.2080. With US session expected to be dull, as it usually is on Friday after Thanksgiving, my objective was fairly small. 70 pips or 1.2150. Nice little trade. That was it for me, no more trades. Still in holiday slumber, which is good. These kind of slow trading periods are necessary from time to time, just like vacations. One can go crazy from starring at charts all the time.
Mike K.
Nice trade. From your experience, can you recall opportunities like this one after Christmas or New Year? I’d appreciate if could share your knowleadge.
I’ll cover it more in December, when we get closer to those dates. But I can say right now that historically a lot depends on what day of the week those holidays fall on. I’ll go over my archives.
[...] turned out much more interesting than I imagined it would. I thought highlight would be putting a trade in USD-CHF, something I had done for few years running now. It was done, but I just closed it about 20 minutes [...]
[...] The USD-CHF pair has been the instrument of choice for me in previous years. Today, the range is relatively wide, so it might not be best suited for the strategy, but it is too early to be sure. Will review the situation in a few hours. I really have no intention to trade actively on Friday, so these orders will have targets assigned to them of between 50 to 70 pips, depending on pair. We shall see what happens. Happy Thanksgiving! [...]