GBP/CHF and USD/CHF | Page 25 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/CHF, USD/CHF

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

What caused this hourly spike on the EUR/GBP and GBP/CHF? 2 replies

Can only view EUR/USD, GBP/USD, USD/JPY, USD/CHF through broker? 1 reply

why trade gbp/usd when gbp/chf is more predictable ? 4 replies

Attachments: GBP/CHF and USD/CHF
Exit Attachments

GBP/CHF and USD/CHF

  • #481
  • Aug 4, 2008 12:31pm Aug 4, 2008 12:31pm
A clear mind is better for trading. So donīt drink that much !

Usd / chf daily is pretty unclear. Price is holding above ema150 for the 4. day. It might break down to the back of the blue neckline, or shoot up to tom demark resistance (1,062). If 1,062 is broken, 1.08 is in play. I put my sl at 1,0355, my target is 1,08 and 1,10. But only small small money.

These are pretty little arguments for a bullish bias, so I look at the daily inverted hammer on eur/usd and found another argument
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 21 KB
  • #482
  • Aug 4, 2008 12:46pm Aug 4, 2008 12:46pm
gbp/chf- daily chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 20 KB
Click to Enlarge Name: gbpchf_ichimoku.gif Size: 28 KB
  • #483
  • Aug 4, 2008 2:14pm Aug 4, 2008 2:14pm
Quoting peaches
gbp/chf- daily chart

2.0650 was my short zone , moved stop to break even

downside targets are 2.0500, 2.0375 ,

2.0500 break down would be a break down back into the downward trending channel and could open 2.0300

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.jpg Size: 278 KB
Blogging daily now at www.volume.zone
  • #484
  • Aug 4, 2008 2:20pm Aug 4, 2008 2:20pm
Quoting malcolmb14
2.0650 was my short zone , moved stop to break even

downside targets are 2.0500, 2.0375 ,

2.0500 break down would be a break down back into the downward trending channel and could open 2.0300

Attachment


I think it will be tough to break 2.0500 before heading up again.. It would however be great. Ive been short since 2.0688. Come on down
  • #485
  • Aug 4, 2008 3:21pm Aug 4, 2008 3:21pm
Short for me.

Signals

Stoch is over 80 and crossed

QQE Crossed

ROC heading south

and Both the weekly and monthly ROC are indicating short

Cheers


Beno
Attached Image (click to enlarge)
Click to Enlarge Name: short.gif Size: 126 KB
  • #486
  • Aug 4, 2008 8:27pm Aug 4, 2008 8:27pm
I'm not all that experienced, but I am trading live and I am short on GBP/CHF. I have been short since 2.0543. I was starting to think I'd be trapped in this trade forever, but it's starting to look like I might hit my t/p (2.0486) after all
Do you think the karate kid knows kung-fu?
  • #487
  • Aug 4, 2008 8:58pm Aug 4, 2008 8:58pm
Quoting ddblue
I'm not all that experienced, but I am trading live and I am short on GBP/CHF. I have been short since 2.0543. I was starting to think I'd be trapped in this trade forever, but it's starting to look like I might hit my t/p (2.0486) after all
do not panic on your short .. you are on the right side of the trade. The retrcement that we are under going right is VERY shallow and looks like a small bear flag.

Once the flag formation is broken to the downside I can put on a new fib expansion on a 1-2-3 sell formation ... this gives a minimum downside target of 2.0445. It would be a shame to close this trade to early in a 300 -500 pips move to the downside

I am holding short off 2.0650 , have taken half off and moved stop to break even on other half.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf 30 min.jpg Size: 209 KB
Blogging daily now at www.volume.zone
  • #488
  • Aug 4, 2008 9:57pm Aug 4, 2008 9:57pm
gbpcad beauty off 2/0289 today .... 2.0410 current price , with 2.0440 target
Blogging daily now at www.volume.zone
  • #489
  • Aug 4, 2008 10:39pm Aug 4, 2008 10:39pm
Very nice move in gbpaud on audusd weakness....
Blogging daily now at www.volume.zone
  • #490
  • Aug 5, 2008 1:25am Aug 5, 2008 1:25am
Man, reading that makes me feel a lot better I was a bit stressed about the drawdown, but my account can take it. Heck, I don't care about drawdown at all as long as I can reach my profit zone

Quoting malcolmb14
do not panic on your short .. you are on the right side of the trade. The retrcement that we are under going right is VERY shallow and looks like a small bear flag.

Once the flag formation is broken to the downside I can put on a new fib expansion on a 1-2-3 sell formation ... this gives a minimum downside target of 2.0445. It would be a shame to close this trade to early in a 300 -500 pips move to the downside

I am holding short off 2.0650 , have taken half off and moved stop to break even on other half.

Attachment
Do you think the karate kid knows kung-fu?
  • #491
  • Aug 5, 2008 4:15am Aug 5, 2008 4:15am
usd/chf

price is at a weekly fibo, if it breaks upward, we see a lift of

1,062 and 1,08X are on the table in this case.
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 21 KB
  • #492
  • Aug 5, 2008 12:03pm Aug 5, 2008 12:03pm
Quoting ddblue
I'm not all that experienced, but I am trading live and I am short on GBP/CHF. I have been short since 2.0543. I was starting to think I'd be trapped in this trade forever, but it's starting to look like I might hit my t/p (2.0486) after all
It would be good to be trapped in a trade as long as you are on the right side if it. lol
  • #493
  • Aug 5, 2008 1:48pm Aug 5, 2008 1:48pm
Quoting Kiwi06
It would be good to be trapped in a trade as long as you are on the right side if it. lol

and this is the problem.

Based on my charts, trend has changed.

Price sits today on a resistance zone, it has not managed yet a stochastic-crossing. Also notice todays candle lower wick is higher then yesterdays wick, so todays low was higher then yesterdays.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 19 KB
  • #494
  • Aug 5, 2008 7:29pm Aug 5, 2008 7:29pm
So according to your analysis, GBP/CHF isn't going to fall at this point? =-/

Quoting peaches
and this is the problem.

Based on my charts, trend has changed.

Price sits today on a resistance zone, it has not managed yet a stochastic-crossing. Also notice todays candle lower wick is higher then yesterdays wick, so todays low was higher then yesterdays.
Do you think the karate kid knows kung-fu?
  • #495
  • Aug 6, 2008 9:08am Aug 6, 2008 9:08am
http://2.bp.blogspot.com/_nmIuQsC9b-...er++chf++1.pnghttp://1.bp.blogspot.com/_nmIuQsC9b-...2222222222.png
{Promotion Removed}
  • #496
  • Edited 1:59pm Aug 6, 2008 1:43pm | Edited 1:59pm
usd/chf

tom demark daily resistance is around 1,0623.

maybe we will see 3 white soldiers in a row (this is a candlestick pattern)
or price will settle down a bit, breath from what it has done, and continue
then upward....
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 21 KB
  • #497
  • Aug 6, 2008 1:58pm Aug 6, 2008 1:58pm
Quoting ddblue
So according to your analysis, GBP/CHF isn't going to fall at this point? =-/
IMHO we see minimum one more bullish day.

We see today a not very nice looking hammer (the wick is to short,
and the body is to long, but its a hammer.)

Target is EMA 150. Lets see, if this hold, or will be broken ?

In this case (broken ema150), it might be a good idea to zoom
out a bit, to have a larger view to ema 365 longterm.

But this is IF.

But tomorrow will be bullish IMHO
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 20 KB
Click to Enlarge Name: gbpchf_zoomed out.gif Size: 21 KB
  • #498
  • Aug 6, 2008 2:15pm Aug 6, 2008 2:15pm
Double top
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 36.png Size: 17 KB
  • #499
  • Aug 6, 2008 8:57pm Aug 6, 2008 8:57pm
Quoting peaches
IMHO we see minimum one more bullish day.

We see today a not very nice looking hammer (the wick is to short,
and the body is to long, but its a hammer.)

Target is EMA 150. Lets see, if this hold, or will be broken ?

In this case (broken ema150), it might be a good idea to zoom
out a bit, to have a larger view to ema 365 longterm.

But this is IF.

But tomorrow will be bullish IMHO
Thank you for the input! So you're thinking, another bullish day at least, and maybe more bullish days... but a fall coming later? If so, what time frame am I looking at here? A week, a month, or a year?
Do you think the karate kid knows kung-fu?
  • #500
  • Aug 7, 2008 12:05am Aug 7, 2008 12:05am
Quoting ddblue
Thank you for the input! So you're thinking, another bullish day at least, and maybe more bullish days... but a fall coming later? If so, what time frame am I looking at here? A week, a month, or a year?
today there will be a decision.

as clouds chart says, there is a resistance at 2.062 which need to be broken.

If broken today, next days will be bullish, if price rejected we need more time.

Look at usd/jpy: there was a nice resistance 108.500 (tested sometimes) which is broken now, now price can climb much higher. The more often a resistance is tested, there is a good chance, that it breaks.

I only trade daily, holding trades 1-3 days, sometimes, sometimes 5 days,
depends of a reversal pattern appears or not.

Fall will come for gbp/chf but I can not see a reversal patter, which is not on the chart yet :-)

IMHO
0 traders viewing now