SNB leaves policy vacuum after shock removal of franc cap

Wow that was big!!!

Look at the big moves on EUR/CHF, USD/CHF, GBP/CHF. I never liked trading EUR/CHF, but USD/CHF & GBP/CHF, I look for trade opportunities & specially GBP/CHF is my favourite to trade London Open Breakout. 

Now everyone understands why stop loss is very important.

"The Swiss National Bank’s decision to remove its currency peg against the Euro on Thursday continues to send shock waves through the market. The decision was a complete surprise, as a bank official reaffirmed its commitment to the policy just two days before the peg was removed."

Here are the screen shots of EUR/CHF:

EUR/CHF Daily Chart

EUR/CHF H1 Chart

EUR/CHF Monthly Chart

EUR/CHF Weekly Chart

Trades for 18 July 2013

I hope I am not late for today's trades.

Based on Daily Range here are some signals.

All trades will expire before London Open (08:00 am BST) IF you have any open trades close it before that time. If a trade is closed with profit cancel the opposite trade on the same pair. I am using 0.01 lot size until I am confident about this strategy. Choose 4 pairs max out of 15 (depending on spread.

Good luck

Note: SL is very high. Trade on your own risk.

	Long	TP	SL	Short	TP	SL	PROFIT	BUY/ SELL
EUR/USD	1.3147	1.3172	1.3047	1.3099	1.3075	1.3199	25	S
GBP/USD	1.5258	1.5305	1.5158	1.5164	1.5117	1.5264	47	B
GBP/JPY	151.97	152.50	150.97	150.91	150.38	151.91	53	B
EUR/JPY	130.91	131.18	129.91	130.37	130.11	131.37	27	B
EUR/GBP	0.8648	0.8672	0.8548	0.8600	0.8577	0.8548	24	S
USD/JPY	99.77	99.98	98.77	99.35	99.14	98.77	21	S
GBP/CHF	1.4350	1.4385	1.4250	1.4279	1.4243	1.4379	35	B
USD/CHF	0.9430	0.9453	0.9330	0.9386	0.9364	0.9486	23	B
EUR/AUD	1.4235	1.4268	1.4135	1.4169	1.4137	1.4269	33	S
EUR/CAD	1.3677	1.3699	1.3577	1.3632	1.3609	1.3732	22	B
EUR/NZD	1.6654	1.6704	1.6554	1.6554	1.6505	1.6654	50	S
GBP/AUD	1.6509	1.6557	1.6409	1.6413	1.6365	1.6513	48	S
GBP/CAD	1.5878	1.5928	1.5778	1.5778	1.5728	1.5878	50	B
GBP/NZD	1.9307	1.9368	1.9207	1.9184	1.9122	1.9284	62	S
AUD/USD	0.9264	0.9290	0.9164	0.9214	0.9189	0.9314	25	S
NZD/USD	0.7929	0.7953	0.7829	0.7880	0.7855	0.7980	24	B