Swissy *PIC*

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Swissy *PIC*

Just exited a long USDCHF swing trade based on a longer-term patterns -- chart below. What was really cool was I also nailed that counter-trend sell-off in the middle of this up-move -- long futures on that one -- based on an intermediate-term pattern. Very important to be able to trade both sides of a market.

I like how these FXCM charts -- Gain Capital now -- put the trade on there. I like their sentiment indicator too. The indicator supports/confirms Risk Tolerance Threshold Theory where the majority of people are correct at market turning points but either get stopped out on the last leg, or exit the trade too soon just as the move is starting.

Ask me where the market will go next, and my answer would be 'I have no idea".