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USD/CHF

  • #401
  • Jun 22, 2010 7:49pm Jun 22, 2010 7:49pm
CHF 240
Attached Image (click to enlarge)
Click to Enlarge Name: CHF 4.png Size: 47 KB
  • #402
  • Jun 22, 2010 8:13pm Jun 22, 2010 8:13pm
Quoting XTrade
Surprised more people do not trade Swissy.
I trade it, but I read that only like 4% of people trade the UC.
Only expectation matters . . .
  • #403
  • Jun 23, 2010 3:28am Jun 23, 2010 3:28am
Quoting learntowin
Tried again another 1/3 Short here
Add the rest 1/3 Short here (1.1060)
  • #404
  • Jun 26, 2010 6:14pm Jun 26, 2010 6:14pm
Unfortunately I only took these on the Demo and not live. In any case here is a follow up. It should be interesting to see what kind of Gap we get tomorrow after a weekend of G8 meetings.

Potential TP 1 was passed no problem so now TP 2 is 1 and a possible second level. We are coming up on an

an area of potential layered supports. I am looking at the possibility of a bounce off 1.0850 area.
Quoting XTrade

In any case, I had some great demo shorts on this pair I am trying to trade it only based on Daily.

I am thinking of adding live short here at 1.1071 for retest of 1.0000
.........
Usually have great success shorting the greenback against franc.
Edit: Target 2 depending on 1.0000
is 1.0860 on Daily
Attached Image (click to enlarge)
Click to Enlarge Name: usd_CHF_DAILY_Dmo_RND_2SHRT.GIF Size: 53 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #405
  • Jun 28, 2010 4:06am Jun 28, 2010 4:06am
TP level one was hit in earlier trading.

I added shorts before the hit at 1.0933 & 1.0966

TP 2 @ 1.0733 is now on the table and a potential TP 3 at 0648 and 4 @ 0558 are added.




Quoting XTrade
Unfortunately I only took these on the Demo and not live. In any case here is a follow up. It should be interesting to see what kind of Gap we get tomorrow after a weekend of G8 meetings.
Potential TP 1 was passed no problem so now TP 2 is 1 and a possible second level. We are coming up on an

an area of potential layered supports. I am looking at the possibility of a bounce off 1.0850 area.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #406
  • Jun 28, 2010 4:18am Jun 28, 2010 4:18am
Hope here people doing great , following usdchf for timebeing , expecting 1.0813 tl before the bounce up towards 1.1042 to 97 but ultimately can break out possible .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #407
  • Jun 28, 2010 4:35am Jun 28, 2010 4:35am
Quoting XTrade
TP level one was hit in earlier trading.

I added shorts before the hit at 1.0933 & 1.0966

TP 2 @ 1.0733 is now on the table and a potential TP 3 at 0648 and 4 @ 0558 are added.
That was a good entry and right t/p. would you please explain what did you base this trade on?
btw very nice chart, can you post which MAs you have on that chart?
thanks.
  • #408
  • Jun 28, 2010 10:34am Jun 28, 2010 10:34am
Nice progress usdchf reached a tl & expecting some bounce , may not as much expected earlier before breakout & more down .anyway long at tl 1.0813 should work well .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #409
  • Jun 28, 2010 10:48am Jun 28, 2010 10:48am
Taking a long position here too....Buying more if it goes a little bit lower...SL is DLow...
  • #410
  • Jun 28, 2010 12:10pm Jun 28, 2010 12:10pm
in daily chart i think we can buy USDCHF. I bought at 1.0886 TP is 1.1290, SL is 1.0720 on my DEMO ACCOUNT!!!! Maybe it is early to open position ...
You can see the elliot wawe....
any idea about it?
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  • #411
  • Edited 12:44pm Jun 28, 2010 12:38pm | Edited 12:44pm
Yes, we have reached the weekly TL.

Bounce came as expected so far about 68 pips but looking tired. Not a bad trade.

Yet, the move down may not be complete. If the bounce cannot take

1.08920 Support turning resistance and hold, now would be a nice place to add more shorts for continuation. THe price has tried once at this level creating rejection to the TL. Possible rejection again here. Next resistance area I am looking at 1.0980 (edit to add*)

Likewise, we need to break the TL on weekly for further downward momentum.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #412
  • Jun 28, 2010 8:16pm Jun 28, 2010 8:16pm
Once the range breaks we will have a clearer picture.

I am still looking south as of now.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #413
  • Jun 28, 2010 8:30pm Jun 28, 2010 8:30pm
The trade was based on Price Action on the daily - primarily multiple attempts after a run up to a Price point (1.1658) that has not been hit in over a year.

Next - USD overbuying and CHF strength. Time for a correction looking at daily over a week ago. GBP strength,

The MAs are as follows for daily chart with S/R plotted on Daily only so not to confuse the 200 pip (to 150 & or 300) targets.

MAs: Slowest to Fastest and color/dash
14 day - LW Ma = Light Green
21 day - simpleMA = Red
50 day - SMA =Blue
100 dy - SMA = Dashed grey
200 dy - SMA -= bLUE dashed

Just testing these out. But look at the PA around the fastest ones as well as your supports and resistance levels, you will see clear PA trend.
X

Quoting thegreat78
That was a good entry and right t/p. would you please explain what did you base this trade on?
btw very nice chart, can you post which MAs you have on that chart?
thanks.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #414
  • Jun 29, 2010 10:20am Jun 29, 2010 10:20am
Shorts have been added Pair looks to be facing rejection again.

Breach of LTL on weekly to confirm further move down.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #415
  • Jun 29, 2010 11:45am Jun 29, 2010 11:45am
What chf , crushing usd & also eur at the same time ? usdchf expected bounce at the ltl at 1.0808 before the breakout , expected down towards 1.0099 but apparently trying to crush without a reaction . hope not it should bounce some more & taking a long to see how it works .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #416
  • Jun 29, 2010 1:12pm Jun 29, 2010 1:12pm
UC at daily EMA200.
Take a risk just now and focus the enter long with 5 positions at 1.0820.
Target: 1.1025 / 1.1182 / 1.1300 / 1.1420 / 1.1545
  • #417
  • Edited 12:12am Jun 30, 2010 12:02am | Edited 12:12am
Quoting learntowin
Add the rest 1/3 Short here (1.1060)

Booked Profit for all My Shorts here @ 1.0816

Wait for the last bounce to enter Short again for MT
  • #418
  • Jun 30, 2010 12:20am Jun 30, 2010 12:20am
Quoting learntowin
Booked Profit for all My Shorts here @ 1.0816

Wait for the last bounce to enter Short again for MT
IMO,

This Bounce may be Big (or very Big)

But will try myself not to miss this Last Great Chance to Enter Big Short for MT & LT Targets
  • #419
  • Edited 1:05am Jun 30, 2010 12:53am | Edited 1:05am
Quoting trigg
UC at daily EMA200.
Take a risk just now and focus the enter long with 5 positions at 1.0820.
Target: 1.1025 / 1.1182 / 1.1300 / 1.1420 / 1.1545
My guess is that we are at the end of corrective 'a' Eliott wave assuming no fundamental happenings screw that up. So I think a long is the right move. Only confirmation is support at round number 1.0800 and the trendline. I'd like to see more than that myself. It is a strong eliott wave which may be enough for some people. I don't find elliott waves all that reliable on their own myself.
  • #420
  • Jun 30, 2010 4:24am Jun 30, 2010 4:24am
Quoting learntowin
Booked Profit for all My Shorts here @ 1.0816

Wait for the last bounce to enter Short again for MT

Seems that it could not manage to pass 1.0855

Tried 1/3 Short again @ 1.0830
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