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GBP/CHF trading room

  • #61
  • Feb 25, 2011 1:10am Feb 25, 2011 1:10am
Quoting manxboy
Anyone looking to buy yet?
GBP is on a pressure mate. Will not bet on GBP till I do not see any good buying of it. On a retracement will short this pair.
  • #62
  • Feb 25, 2011 1:18am Feb 25, 2011 1:18am
I actually have a buying idea for this pair.
http://post.ly/1fSpc
Trading Should Not Be Complex
  • #63
  • Feb 25, 2011 1:46am Feb 25, 2011 1:46am
Quoting 21vs7
GBP is on a pressure mate. Will not bet on GBP till I do not see any good buying of it. On a retracement will short this pair.
really a bijač when no retracement happens and just moves in trend direction - was shorting this pair on 1,5440 and did not get an order for 20 pips - majestic!
Pressure still on!
  • #64
  • Feb 25, 2011 3:40am Feb 25, 2011 3:40am
Quoting tkk
I am waiting the revised GDP to be announced later before entering my trade.
Yes. All GBP pairs were sold on a retrace when news came out. Today is gonna be a hectic day...a lot of volatility expected cus of fighting which direction is on schedule.
  • #65
  • Feb 25, 2011 3:32pm Feb 25, 2011 3:32pm
closed buy at 1.49650 for 18 pips
  • #66
  • Feb 26, 2011 5:38am Feb 26, 2011 5:38am
Not a perfect second leg, but nice harmonics and confluence nevertheless.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 17 KB
Click to Enlarge Name: gbpchf2.gif Size: 20 KB
Never underestimate an idiot.
  • #67
  • Feb 27, 2011 3:46pm Feb 27, 2011 3:46pm
For GBP/CHF I really cannot see anything clear. It's reaching all time lows, constantly. I might be jumping the gun, but on shorter time frame, 4h chart, it looks like it found a low, and could retrace between it's 50-100 MA's. I'll take a long position, no exact figures yet, but it will be near current market, targeting 1,5315, with a stop loss below the blue line. It's around 100 pips SL, and 300 TP.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_4h.gif Size: 32 KB
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  • #68
  • Feb 28, 2011 1:10pm Feb 28, 2011 1:10pm
sold at 1.50958 but on my chart it said it has been down to 1.50884 however the whole time I've been watching this its in the red ????
  • #69
  • Feb 28, 2011 3:36pm Feb 28, 2011 3:36pm
Quoting manxboy
sold at 1.50958 but on my chart it said it has been down to 1.50884 however the whole time I've been watching this its in the red ????
The spread on GC can get way wider than 7 pips, so that's probably it. Was there an ask printed at 1.50884 or bid?
  • #70
  • Feb 28, 2011 3:46pm Feb 28, 2011 3:46pm
  •  Kokan
  • | Joined Mar 2007 | Status: Should I stay, or should I go | 73 Posts
Quoting manxboy
sold at 1.50958 but on my chart it said it has been down to 1.50884 however the whole time I've been watching this its in the red ????
Close the trade, this could go up.
  • #71
  • Feb 28, 2011 3:47pm Feb 28, 2011 3:47pm
Quoting RealPips
The spread on GC can get way wider than 7 pips, so that's probably it. Was there an ask printed at 1.50884 or bid?
Thanks for the quick reply

My line says sell so I take its the ask at 1.50958

On my chart it says price is currently 1.50984
However in my trading terminal it says that price is at 1.51042

I don't understand this
  • #72
  • Feb 28, 2011 4:06pm Feb 28, 2011 4:06pm
Quoting kingich
For GBP/CHF I really cannot see anything clear. It's reaching all time lows, constantly. I might be jumping the gun, but on shorter time frame, 4h chart, it looks like it found a low, and could retrace between it's 50-100 MA's. I'll take a long position, no exact figures yet, but it will be near current market, targeting 1,5315, with a stop loss below the blue line. It's around 100 pips SL, and 300 TP.

shit, haven't think it would move so quickly, hesitated and haven't entered a position.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 31 KB
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  • #73
  • Feb 28, 2011 5:14pm Feb 28, 2011 5:14pm
I am using Daily Chart on GBP/CHF. I am agree that there will be a Long signal opportunity to Buy GBP/CHF.

When the price is moving above the middle band, I will place a long position.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 17 KB
  • #74
  • Mar 1, 2011 1:24am Mar 1, 2011 1:24am
Quoting manxboy
Thanks for the quick reply

My line says sell so I take its the ask at 1.50958

On my chart it says price is currently 1.50984
However in my trading terminal it says that price is at 1.51042

I don't understand this
http://www.babypips.com/school/how-y...-in-forex.html

Go to this page and scroll to the bottom where it talks about bid and ask. That should clear it up for you.

You might also want to take some time to read the other information on that site.
  • #75
  • Mar 1, 2011 1:32am Mar 1, 2011 1:32am
Quoting newleoforex
I am using Daily Chart on GBP/CHF. I am agree that there will be a Long signal opportunity to Buy GBP/CHF.

When the price is moving above the middle band, I will place a long position.

I'd have tight stops there, there will probably be a lot of selling in that area and a test of support if it makes it that far.

I would be hoping to buy around 1.4985 and that is possible. if that was a bullish engulfing I might be more biased towards straight up, but it failed to break previous support.
  • #76
  • Mar 1, 2011 5:13am Mar 1, 2011 5:13am
Quoting RealPips
I'd have tight stops there, there will probably be a lot of selling in that area and a test of support if it makes it that far.

I would be hoping to buy around 1.4985 and that is possible. if that was a bullish engulfing I might be more biased towards straight up, but it failed to break previous support.

GC 1H chart is looking very bearish
  • #77
  • Mar 1, 2011 5:16am Mar 1, 2011 5:16am
Quoting RealPips
GC 1H chart is looking very bearish
Also the spike to 5200 was on NO VOLUME.
  • #78
  • Edited Mar 5, 2011 5:13am Mar 4, 2011 9:17am | Edited Mar 5, 2011 5:13am
I took a sell position. Here's how I see it. Bearish wedge broken to the downside.
Attached Image (click to enlarge)
Click to Enlarge Name: GbpChf 3-4-11.jpg Size: 80 KB
  • #79
  • Mar 5, 2011 12:27am Mar 5, 2011 12:27am
Quoting SatchFan
I took a sell position. Here's how I see it. Bearish wedge broken to the downside.
What are your targets?
  • #80
  • Mar 5, 2011 5:34am Mar 5, 2011 5:34am
Quoting RealPips
What are your targets?

  1. Height of the wedge is about 300 pips, first target 300 pips below.
  2. 2nd target is double the height of the wedge.
  3. I tend to let the market tell me when it's time to get out. I might let it go to around 300 down, then get out if I think it's retracing then look for a re-entry. I'm always re-evaluating.

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