Swissy CHF (Flight to Quality) | Forex Factory

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Swissy CHF (Flight to Quality)

  • #1
  • First Post: Sep 24, 2008 6:36pm Sep 24, 2008 6:36pm
It occurs to me that we do not {as a group} observe or annalize the Swiss Franc. I think that is a mistake, so... without further adieu... I Open the discussion for the Currency Equivalent of 'Gold'.

Gentlemen... I give you The Swiss Frank.
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  • #2
  • Sep 24, 2008 6:37pm Sep 24, 2008 6:37pm
Weekly
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  • #3
  • Sep 24, 2008 6:39pm Sep 24, 2008 6:39pm
Daily
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  • #4
  • Sep 24, 2008 6:42pm Sep 24, 2008 6:42pm
15 Min
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  • #5
  • Sep 24, 2008 6:49pm Sep 24, 2008 6:49pm
Let's tie this puppy down so Rookies can understand yet another facet of the Mental Resource required to get a spot {at least on the bench, if not} the Starting Lineup.
OR
  • #6
  • Sep 24, 2008 7:01pm Sep 24, 2008 7:01pm
Excellent thread bemac, It seems like all charts are screaming SHORT ME! weekly and monthly we hit resistance, we broke out of uptrend on the daily and are turning around. seems perfect to short right now for mid long term (4-6 weeks)
Egyptian and proud of it!
  • #7
  • Sep 24, 2008 7:16pm Sep 24, 2008 7:16pm
The good old Swiss Franc use to be a flight to quality but whats going on with the Swiss banks, Im not so sure.
Still I approve anyone who looks at a USD bear chart
  • #8
  • Sep 24, 2008 7:19pm Sep 24, 2008 7:19pm
Quoting g-dogg
...
Very Young yet But I {we} need your responses.

Please do not mistake "Current Price" {horiz}lines as S/R Levels. The Other Horiz, lines are based on an Ind. of my own creation

No Harm; No Foul:

Have another look at the Charts & observe the {not so secret} indicator below.

Times will change; but , presently, CHF is STILL a good Measure of Market Sentiment.

Thnks G-dog for finding this thread interesting enough to give it some of your time.
  • #9
  • Sep 24, 2008 7:27pm Sep 24, 2008 7:27pm
Quoting lasty
The good old Swiss Franc use to be a flight to quality but whats going on with the Swiss banks, Im not so sure.
Still I approve anyone who looks at a USD bear chart
Hey lasty; I read your Info Sheet. It doesn't tell me WHEN you Started Trading.
If I knew that, I would know how to respond with language you would understand.
  • #10
  • Sep 24, 2008 7:40pm Sep 24, 2008 7:40pm
Quoting Bemac
Hey lasty; I read your Info Sheet. It doesn't tell me WHEN you Started Trading.
If I knew that, I would know how to respond with language you would understand.
1978
  • #11
  • Sep 24, 2008 7:55pm Sep 24, 2008 7:55pm
Quoting Bemac
Very Young yet But I {we} need your responses.

Please do not mistake "Current Price" {horiz}lines as S/R Levels. The Other Horiz, lines are based on an Ind. of my own creation

No Harm; No Foul:

Have another look at the Charts & observe the {not so secret} indicator below.

Times will change; but , presently, CHF is STILL a good Measure of Market Sentiment.

Thnks G-dog for finding this thread interesting enough to give it some of your time.
this is how i see it :

http://i119.photobucket.com/albums/o...WkSept2408.png

what do you think?
Egyptian and proud of it!
  • #12
  • Sep 24, 2008 8:08pm Sep 24, 2008 8:08pm
[quote=g-dogg;2240637]this is how i see it :[quote]
How, or why, would I argue? Looks like reasonable assesment to me.
In other words; I agree.
  • #13
  • Sep 24, 2008 8:26pm Sep 24, 2008 8:26pm
Hi Bemac, congrats for your new thread, I always have a USD/CHF chart open as a monitor of market sentiment but you know that I trade usually EUR/USD.
I will follow the thread with a lot of interest.

Should be good that some EUR/USD bears come over to see this monster monthly pin bar on this pair.
The month isn't over but I don't await a green bar instead.
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  • #14
  • Sep 24, 2008 9:34pm Sep 24, 2008 9:34pm
Quoting lasty
The good old Swiss Franc use to be a flight to quality but whats going on with the Swiss banks, Im not so sure.
Still I approve anyone who looks at a USD bear chart
1978! Good God Man; you've been Trading ~ as long as I have.

A Decade ago we watched the DM {Germany's currency} & ratified our choices of Bull/Bear based on it's relationship to DX.
As a form of Confirmation; we looked @ the CF {Swiss Franc} as a measure of how strong it portended to be Vs Usd.

To Date; I have seen Nothing {or, at least, very little} to convince me otherwise that the Value of the Swiss Franc is Still a verbose indication of Global USD Value.

Interested in your view of this observation...
  • #15
  • Sep 24, 2008 10:26pm Sep 24, 2008 10:26pm
Quoting lasty
The good old Swiss Franc use to be a flight to quality but whats going on with the Swiss banks, Im not so sure.
Still I approve anyone who looks at a USD bear chart

ONE Swiss bank. The rest of them are doing fine. And so is the private banking side of UBS, only the investment bank is hurting. The rest of the private banks are doing great, and they have doing so for over 3,000 years.
As far as the rest of the Swiss economy, it is expected to shrink a bit. But no one is afraid of losing their jobs or money. The swissy is always a safe haven.
Just Trade It
  • #16
  • Sep 25, 2008 2:27am Sep 25, 2008 2:27am
Quoting Bemac
1978! Good God Man; you've been Trading ~ as long as I have.

A Decade ago we watched the DM {Germany's currency} & ratified our choices of Bull/Bear based on it's relationship to DX.
As a form of Confirmation; we looked @ the CF {Swiss Franc} as a measure of how strong it portended to be Vs Usd.

To Date; I have seen Nothing {or, at least, very little} to convince me otherwise that the Value of the Swiss Franc is Still a verbose indication of Global USD Value.

Interested in your view of this observation...
The CHF was a great indicator of USD trends.
Very pure without the washing unlike DEM alias EUR.
Back in those times the CHF was a flight, perhaps regarded by some as still is.
Infact I watch the CHF as the real market mover, so its a great indicator and I encourage your thread.
Good to see us old guys still travelling.Infact the movements of old are like water off a ducks back in todays markets.

Love the volatility and hopefully the young guns will learn.

FX is formula one and downunder I encourage those who havent taken the great leap to have fun and enjoy.
As you know many friends are made in this game.

Good luck and no doubt will speak soon.
  • #17
  • Sep 25, 2008 5:10am Sep 25, 2008 5:10am
I dont have much to contribute here but i know that euro and swissy are like the opposite of each other. Therefore, i ave both charts open for speculation when trading. I am mainly a euro trader but i appreciate the bringing up of this thread.

Please keep this thread good. I am all ears here.
  • #18
  • Sep 25, 2008 5:18am Sep 25, 2008 5:18am
Congrats for opening thread on the Swissey. Im looking forward in contributing with some oldschool TA flavour
  • #19
  • Oct 2, 2008 11:41am Oct 2, 2008 11:41am
well, no posts in a few days, so I'll start it back up.

I'm short at 1.1400 and 1.337
The 1.1400 short was a Sell Limit order hit, at the top of that last daily high.

This resistance has seemed to hold.

We brok the lower 4H TL and the ZL MACD is running down.

Obviously, with the House vote on the bailout impending, anything could happen.

But, since the 1400 area held out I think we'll get a fall to the 1236 or 1089 areas, depending on sentiment and momentum.

I always set a TS once in profit a bit.

The Daily if not breaking 1400 area, will/should retrace to the 1040 areas.
The Weekly is showing slight bearish Divergences with higher highs in price and lower highs on the MACD.

But, the Bailout plan will show us the way of sentiment I guess.
  • #20
  • Oct 8, 2008 10:18am Oct 8, 2008 10:18am
Hi to everyone! What do you think about USDCHF will taste 1.1100?
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