GBP/CHF trading room | Forex Factory

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GBP/CHF trading room

  • #1
  • First Post: Sep 15, 2007 4:43pm Sep 15, 2007 4:43pm
weekly sell signal.
my target is the blue area
lots of things pointing down

my strategy of the week is to sell rallies

my trendline is drawn using dailies so it doesnt look "perfect"

but yea just wanted to see what others think
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  • #2
  • Sep 16, 2007 12:51am Sep 16, 2007 12:51am
Nice timing. I'm about to short the crap out of this pair over the next few weeks and maybe months. I've never even looked at it until just now. so as to not cross post, my analysis is towards the end in my journal thread:

http://www.forexfactory.com/showthread.php?t=46339
  • #3
  • Sep 16, 2007 10:38am Sep 16, 2007 10:38am
I have been short since Sept 7; no reason to leave the party just yet!
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  • #4
  • Sep 16, 2007 11:30am Sep 16, 2007 11:30am
yeaa yea rub it in lol

i could have gotten a better entry but damn if i watch more than 1 pair then i start getting stupid with my analysis and alot of times on purpose. im just lazy i guess. but im startin to see the benefits of a sunday afternoon.


i guess gbpjpy is showing similar patterns but i really hate the yen pairs and i try to avoid them as much as i can
  • #5
  • Sep 16, 2007 11:59am Sep 16, 2007 11:59am
Quoting boxingislife
yeaa yea rub it in lol

i could have gotten a better entry but damn if i watch more than 1 pair then i start getting stupid with my analysis and alot of times on purpose. im just lazy i guess. but im startin to see the benefits of a sunday afternoon.


i guess gbpjpy is showing similar patterns but i really hate the yen pairs and i try to avoid them as much as i can
Hey...................not rubbing it in...

I don't "see" the GBP/JPY quite the same way; right now it is 'sideways' and because I like to trade off of the Daily chart, I will wait for a signal on the 4 hour before I make a decision about this pair. There's what could be viewed as a PB on the Daily; but the price has already retraced from that high to the previous low all the way to the 61.8 fib level, not a real good 'Buy' situation for "The Dragon". I need to be patient; wait for the 4 hour.
  • #6
  • Sep 17, 2007 7:48am Sep 17, 2007 7:48am
hey beachbum, jr and the others

hope u guys caught some pips today so far. been trending nicely

shorted from 2.3834 and added some more on pullbacks using 5 and 15 min charts

also got some smaller amounts for the weekly signal lettin em ride
  • #7
  • Sep 17, 2007 8:08am Sep 17, 2007 8:08am
Quoting boxingislife
hey beachbum, jr and the others

hope u guys caught some pips today so far. been trending nicely

shorted from 2.3834 and added some more on pullbacks using 5 and 15 min charts

also got some smaller amounts for the weekly signal lettin em ride
Still partying with GBP/CHF.............
  • #8
  • Sep 17, 2007 8:13am Sep 17, 2007 8:13am
its in pullback mode at the moment. 4h is pretty oversold.

will add some more at the right time

trading the mini dizzle at the moment
  • #9
  • Sep 17, 2007 8:15am Sep 17, 2007 8:15am
Quoting boxingislife
its in pullback mode at the moment. 4h is pretty oversold.

will add some more at the right time
ditto.
  • #10
  • Sep 18, 2007 4:32pm Sep 18, 2007 4:32pm
really tempted to short here
good signal with reverse divergence
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  • #11
  • Sep 18, 2007 4:39pm Sep 18, 2007 4:39pm
Quoting boxingislife
really tempted to short here
good signal with reverse divergence
small profit potential.......but doable
  • #12
  • Sep 18, 2007 4:43pm Sep 18, 2007 4:43pm
yea i think so. will prob form a higher low. i also got a wolfe wave on the daily(the blue trendlines) pointing up towards the high 2.40s.
  • #13
  • Sep 18, 2007 4:45pm Sep 18, 2007 4:45pm
Quoting boxingislife
yea i think so. will prob form a higher lo.
agreed.........
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  • #14
  • Edited 10:02pm Sep 25, 2007 12:01pm | Edited 10:02pm
A very nice set up.....I could get used to this!! This allowed me to take an evening off....morning too!!
UPDATE: Adjusted Trailing stop to 2.3565 @ 3:50pm EDT / high of last 4h bar

UPDATE : Position Closed Manually at 2.3530 - 9/26/07 10:46pm EDT +192 pips
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Proper Prior Planning Prevents Piss Poor Performance
  • #15
  • Sep 26, 2007 10:04am Sep 26, 2007 10:04am
So many Trading Rooms are confusing me and Im posting the same pics in wrong places.

Anyway, GBPCHF 4H with a clear downtrend and a clear double bottom support at 2.3500. I will seek for shorts if that level gives way to the downside.
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  • #16
  • Sep 26, 2007 10:20am Sep 26, 2007 10:20am
It's fascinating to me sometimes how different traders will look at basically the same charts and make different trading decisions: I'm went long from 2.3530 to 2.3630 using PA, Fozzy and a Fib.
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  • #17
  • Edited 12:43pm Sep 26, 2007 12:25pm | Edited 12:43pm
GBP/CHF 4H
Long on a buy limit. Used 1 hour for entry. I did not go long on the close of my 4h 8/8 cross....reason being....the gbpchf & gbpjpy move too fast for my blood...and I sought to get in at another stab at the 4 hour supports. It worked, though no sweat had I not been filled either. Better to get the fill you want, than a Bad fill and get Stopped out.

BB...noticed our cross' occurred 1 bar ( 4h ) apart? Not by much. My cci was heading up, as your stoch...yet I waited for the cross....maybe the feed.
Oanda has 3 hour charts, no 4, and Dukascopy charts just plain suck to me!.....and NF Freebies may be different than yours.

Any way....posting for review
Let's see if I can get these side by side.......Fxj
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Proper Prior Planning Prevents Piss Poor Performance
  • #18
  • Sep 26, 2007 12:38pm Sep 26, 2007 12:38pm
Quoting FxJarhead
BB...noticed our cross' occurred 1 bar ( 4h ) apart? Not by much. My cci was heading up, as your stoch...yet I waited for the cross....maybe the feed.
Oanda has 3 hour charts, no 4, and Dukascopy charts just plain suck to me!.....and NF Freebies may be different than yours.
Nice trade........lately I have seen more of these broker feed time difference issues; I plan a post (maybe a thread) about this later this week. Right now I have 4 different broker times setup to look at.........
  • #19
  • Oct 2, 2007 8:04am Oct 2, 2007 8:04am
Nice signal today.
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  • #20
  • Sep 15, 2009 7:25am Sep 15, 2009 7:25am
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