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GBP/CHF and USD/CHF

  • #101
  • Jun 19, 2008 8:52am Jun 19, 2008 8:52am
Quoting B@by trader
I think im done playing with this pair today I gonna wait a suit point of entry maybe after daily retracement but Im FULL today so IM OUT OF THIS PAIR WITH 200pips,i guess
daily candle gives irritating signals. Today (if end of new york session),
we would have a large bullish engulfing candle, which is a powerfull and very trustfull bullish pattern. 2 candles before we have seen a dark cloud cover, which is a major bearish pattern, so

I would stay out of a trade (but i´am in bearish, so i have red pips by now).

tomorrow no major news, it might be an interessting day.
  • #102
  • Jun 19, 2008 10:12am Jun 19, 2008 10:12am
Is it lunch-time in new york, or is the trend stopping and reversal
for usd/chf 1,046 and gbp/chf 2,065

very good entrys for a short.
  • #103
  • Jun 19, 2008 5:43pm Jun 19, 2008 5:43pm
hi folks, anyone in tonite?
  • #104
  • Jun 19, 2008 10:22pm Jun 19, 2008 10:22pm
i´m short. if price comes back a second or third time to test 2,065,
in this case we have something to think over. at 2,051 is the back of a
former resistence, so there might be a little trouble to come down.

oh, just in case: a buy limit order above 2,065 just in case of retesting 2,10 might be a good idea. but my charts don´t tell me that.
  • #105
  • Jun 19, 2008 11:01pm Jun 19, 2008 11:01pm
good morning

i'm happy with my short from above 2.06
i'm gonna hold it till i see any changes
  • #106
  • Jun 19, 2008 11:18pm Jun 19, 2008 11:18pm
if 30 minute candle closes above 2.0580
if think we could continue yesterday's up
  • #107
  • Jun 19, 2008 11:32pm Jun 19, 2008 11:32pm
we might see some new highs today, imo
Attached Image (click to enlarge)
Click to Enlarge Name: ch.gif Size: 24 KB
  • #108
  • Jun 20, 2008 12:15am Jun 20, 2008 12:15am
THE GAP FILLED YESTERDAY
Hi everyone,
anyone get the gap called yesterday?Im out 30pips away from the gap 2.0606 I think its enough for me although I really confident the gap gonna be closed.
We see a good drop today I think a nice daily retracement.
So to tell you I think GBP/CHF gonna try the major support and if the support cant be broke I think we gonna see a rebounce but Im not put a trade on this pair today because I think a sweet point is on Monday cause gap maybe happen.
More over,Im going out few hours more and called it a day,Im going to take some breeze.sorry for that.
Hope I gonna see tons of discussion here and hoping you all:

HAPPY GREEN PIPS
  • #109
  • Edited 12:22am Jun 20, 2008 12:19am | Edited 12:22am
Quoting B@by trader
THE GAP FILLED YESTERDAY
Hi everyone,
anyone get the gap called yesterday?Im out 30pips away from the gap 2.0606 I think its enough for me although I really confident the gap gonna be closed.
We see a good drop today I think a nice daily retracement.
So to tell you I think GBP/CHF gonna try the major support and if the support cant be broke I think we gonna see a rebounce but Im not put a trade on this pair today because I think a sweet point is on Monday cause gap maybe happen.
More over,Im going out few hours more and called it a day,Im going to take some breeze.sorry for that.
Hope I gonna see tons of discussion here and hoping you all:

HAPPY GREEN PIPS
forgot to attach chart
Maybe we see the retracement continue today
(a bearish day before Monday comes)

p/s:major support at blue line
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 41 KB
  • #110
  • Jun 20, 2008 3:42am Jun 20, 2008 3:42am
Quoting B@by trader
forgot to attach chart
Maybe we see the retracement continue today
(a bearish day before Monday comes)

p/s:major support at blue line
"major support" easy broken to the downside. In my charts it is the dashed light blue line, near daily pivot. because of big movements from yesterday the resitance 1 (2,035), 2 (2,008) and 3 (1,992) are a bit far away
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 14 KB
  • #111
  • Jun 20, 2008 3:57am Jun 20, 2008 3:57am
oh btw., if you are able to trade usd/chf you are also able to trade gold.
It has a negative correlation, so if usd/chf goes down,
gold goes up.

In the chart green and orange candles are usd/chf, and gold candles are
red and dark green. So maximum target for gold today is 930.
But take care, daily average trading range of gold is 2000 PIPs (!).
So my first gold trade with Stop-loss 150 Pips was taken
in the same second I placed the trade


*Off-topic end*
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 25 KB
  • #112
  • Jun 22, 2008 1:57pm Jun 22, 2008 1:57pm
i don´t want to spam this thread, but everyone else seems to enjoy his/her weekend

So another chart:

We see a daily bearish engulfing pattern, which means continuation of downtrend. The pearcing line of the last three candles seems to be broken, and I also have a gap to the downside, so continuation of the downtrend.
Monday there are no major news, so price will find his way...

Have a nice trading week.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 17 KB
  • #113
  • Jun 22, 2008 2:10pm Jun 22, 2008 2:10pm
welcome to the new week
looks like we're having one more gap !
  • #114
  • Jun 22, 2008 2:46pm Jun 22, 2008 2:46pm
as for now my first target would be 2.0360 - 40
and if we're braking that i see next 2.01..
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 27 KB
  • #115
  • Jun 22, 2008 2:57pm Jun 22, 2008 2:57pm
Im watching this pair carefully, still major support before it resumes down.
Attached Image
  • #116
  • Jun 22, 2008 3:05pm Jun 22, 2008 3:05pm
Quoting Clouds
Im watching this pair carefully, still major support before it resumes down.
Attachment
yes i must agree
as looking to your chart, back to 2.06
  • #117
  • Jun 22, 2008 4:23pm Jun 22, 2008 4:23pm
3 things to summarize:
we filled that small gap, but not going further. we could have expected that
GBP news bad, (fundamental part still plays)
Technically: if we're braking weekly pivot - 2.0438, what is quite likely

i would say we are going down
  • #118
  • Jun 22, 2008 4:48pm Jun 22, 2008 4:48pm
Quoting for_idea
yes i must agree
as looking to your chart, back to 2.06
I'd say bias down to 2.0, but it could go either way.
  • #119
  • Jun 22, 2008 9:30pm Jun 22, 2008 9:30pm
Hello everybody,

i ´ve got e question of understanding about this:

"The Treasury said this week it will auction $20 billion of five-year notes on
June 26, the biggest offering of that security since February 2003, when the government sold $24 billion of the debt. It will sell $30 billion of two-year notes on June 24, the same amount as its last offering on May 28",

Does that mean:

A) "The Treasury" sell 50 biol. $, this means there are 50 biol. $ more at the forex market available, so because there are more dollars, the dollar will become cheaper ? Or does it mean:
B) "The Treasury" allows everybody to buy US Treasurys for 50 biol. $, so there will be 50 billion $ less on the market. Because there are less $ at the market, the dollar become expensive ?
  • #120
  • Jun 23, 2008 12:03am Jun 23, 2008 12:03am
Quoting B@by trader
THE GAP FILLED YESTERDAY
Hi everyone,
anyone get the gap called yesterday?Im out 30pips away from the gap 2.0606 I think its enough for me although I really confident the gap gonna be closed.
We see a good drop today I think a nice daily retracement.
So to tell you I think GBP/CHF gonna try the major support and if the support cant be broke I think we gonna see a rebounce but Im not put a trade on this pair today because I think a sweet point is on Monday cause gap maybe happen.
More over,Im going out few hours more and called it a day,Im going to take some breeze.sorry for that.
Hope I gonna see tons of discussion here and hoping you all:

HAPPY GREEN PIPS
hello fellow traders,
a good wekend?
ok as predicted we see a bearish take their rule on friday.
Now the blue line in recent post has become resistance or called"SBR".
My heart says it will continue bull but I ather wait till the SBR broken before
taking a position.If it cant be broke I see a good drop.
By the way anyone take usd/chf?Im in long with green pips.
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