EURCHF discussion thread

Bull flag? Daily resistance #1 becomes the support.

http://img80.imageshack.us/img80/6366/bullflag1pm8.gif

http://i43.photobucket.com/albums/e3...F06072007c.gif

Not much discussion going on with this pair so I'll try to bring it back to life, i have been watching the pair for a month now and it has set some nice trades over the past few days. So with that said i will be shorting Eur/Chf at 1.6570.

Cheers.

1.6550-70 was proven to be big resistance, with that confirmed i entered a short position at current levels with stop just above 1.6500. First target is 1.6360.

Let's keep an eye and spot in which direction the triangle will be broken. There is heavy resistance at 1.6540-1.6560, and strong support at the 1.6480 level.

Let's see what happens.

Buy around this levels and place stop/loss below 1.6080. The pair has been moving 400pip average from breakout levels. There is a good chance this long will take us up to 1.7080

Hopefully we can break through the highs here, if the weekly candle closes above the 1.6800 the pair's next target would be 1.7000 for the next few days.

Shape will probably break to the top side.

Trendline support comes in at 1.6330 and if it holds there could be a bounce to 1.6800-6900 by mid December.

I have decided to quit trading against the dollar as I am from the States. So I have taken a liking to this pair and even though it moves slowly with a higher spread, I like the pair. Its a tacticians dream. Here is divergence with MACD on the daily which forcasted the drop.
You can also see from that chart that MACD on the dailys is slowly moving higher.

On the weekly the trendline has to be traded with here. I am looking for a bounce back up. I am trading a live mini account with a grid and with all longs. 15 pip spread within the grid. I figure out what to do based on drawdown if the pair moves against me. Either keep peeling the top trade or close all during a small bounce at the breakeven to preserve margin. Once the top trade trade was over 100 pips down but my equity was still positive from where I started because of price bouncing back and forth within the grid.

Not for everybody and boring but I like it. Its not foolproof and you have to decide what to do on a run against you but you have options. The pair has been in a bull run so I am trading with the trend. Peeling off or hedging are options.

Buy eur/chf on a pull back or retrace from the daily thrust-bar(1.6360), the stop-loss should be below 1.6300. If I am not mistaken this bounce could take us up to 1.6800. Add to your position accordingly only after you have moved your stoploss to break-even.

It surely is a good opportunity I entered shorts at 1.6305 Goodluck everyone

im long eur/chf, and usd/chf, tp 1.666, and 1.17...did lock 30 pips in each and will let it ride,..if not sl hit...

Daily MACD just went positive and crossed and price is inching toward the 200. Just trade small enough to withstand violent drawbacks which define the pair.

Adding to position at this levels could be potential as long as your stoploss is set to break-even as well as below 1.6450

We can expect a retrace to 1.6430.

this may be better~

Yes indeed. Just what the doctor ordered. See post #9 .pdf #2. Made a few on that one.

Trending up so people will still buy on dips.

Weekly support is still valid until proven broken throughout the week. My long position here is taken with a tight s/l below at around 1.6310. Goal would be 1.6600 at the top of the pennant.

Channel could provide support so go long only if price is rejected from the bottom of it, in which case s/l should be placed below 1.6175.