Looks like the two CHF related pairs are acting completely differently: while 1.5 months ago USD/CHF was (surprisingly) leading the group, now it’s losing ground because of extremely directionless movements, which come in waves that TSS doesn’t tolerate.. On the other hand, GBP/CHF is going into extreme green: up +571 pips with this current trade, and I’m really glad to see a trade like this because G/C is one of our flagships but lately it performed poorly.
Market participants are quite nervous, I have never seen such high level or turbulence in my 6 years of trading. I guess Lehman Brothers are in even bigger trouble nowadays… Let’s hope this Fall will bring back the good ol’ trading fashion!