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USD/CHF

  • #1,641
  • Apr 12, 2011 9:24am Apr 12, 2011 9:24am
Quoting VedantaTrade
I don't see much demand for USD in general to be honest, but there has been a fall off in USD selling volume, so perhaps a transition. The USD is very oversold against the NZD, also the COT data is showing a let up in USDCHF positions with a divergence, and the retailers are less long USDCHF that the last time we at these levels. But yes your right patient is the name of the game for sure. I still we could get one more spike lower in this pair, but possibly not
Trend following, buddy and it is down trend so I don't see any reason that I should buy it for now. If it shows a clear signal on chart 4H that we have double bottom I def. go in.
  • #1,642
  • Apr 12, 2011 9:31am Apr 12, 2011 9:31am
Hi Traders

I open buy USD/CHF at 0,896.TP at 0.9015
  • #1,643
  • Apr 12, 2011 9:36am Apr 12, 2011 9:36am
Quoting VedantaTrade
I don't see much demand for USD in general to be honest, but there has been a fall off in USD selling volume, so perhaps a transition. The USD is very oversold against the NZD, also the COT data is showing a let up in USDCHF positions with a divergence, and the retailers are less long USDCHF that the last time we at these levels. But yes your right patient is the name of the game for sure. I still we could get one more spike lower in this pair, but possibly not
[ATTACH]
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on weekly candle bearish pattern
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  • #1,644
  • Apr 12, 2011 9:56am Apr 12, 2011 9:56am
Quoting visser300
Trend following, buddy and it is down trend so I don't see any reason that I should buy it for now. If it shows a clear signal on chart 4H that we have double bottom I def. go in.
Good advice man. I only really add larger positions when a potential uptrend emerges. So how do you quantify your trends? I ll post a little method I have been using to see what you guys think.
  • #1,645
  • Apr 12, 2011 10:15am Apr 12, 2011 10:15am
Quoting aqeelaputra
[ATTACH]Attachment [/ATTACH]

on weekly candle bearish pattern
Yes the weekly looks very bearish. Will be interesting to see how that weekly candle ends and where. That could tell a story.
  • #1,646
  • Apr 12, 2011 10:25am Apr 12, 2011 10:25am
Quoting VedantaTrade
Yes the weekly looks very bearish. Will be interesting to see how that weekly candle ends and where. That could tell a story.
do you read..euro just sell off and usd index is up hope this pair up too
  • #1,647
  • Apr 12, 2011 10:53am Apr 12, 2011 10:53am
Quoting aqeelaputra
do you read..euro just sell off and usd index is up hope this pair up too
Yes 1.4565 could see one more push at the area of resistance confluence, However, the top could already be in. There are fundamental reasons to like the USD at the moment, and sentiment is so extreme against the USD. I played the USD rally last year. Stocks are struggling and failing to make new highs, and the market internals in stocks are rolling over also. Lets see, fingers crossed.
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  • #1,648
  • Apr 12, 2011 11:06am Apr 12, 2011 11:06am
Quoting VedantaTrade
Yes 1.4565 could see one more push at the area of resistance confluence, However, the top could already be in. There are fundamental reasons to like the USD at the moment, and sentiment is so extreme against the USD. I played the USD rally last year. Stocks are struggling and failing to make new highs, and the market internals in stocks are rolling over also. Lets see, fingers crossed.
hope this sentiment can change direction soon..
  • #1,649
  • Apr 12, 2011 11:20am Apr 12, 2011 11:20am
Quoting VedantaTrade
Good advice man. I only really add larger positions when a potential uptrend emerges. So how do you quantify your trends? I ll post a little method I have been using to see what you guys think.
Your nick name looks like my company name that I'm working for
  • #1,650
  • Apr 13, 2011 1:16am Apr 13, 2011 1:16am
Quoting visser300
Your nick name looks like my company name that I'm working for
I think that they are forming double bottom pattern???? A good chance to go long??? Does any one have gut?
  • #1,651
  • Apr 13, 2011 1:35am Apr 13, 2011 1:35am
Quoting visser300
I think that they are forming double bottom pattern???? A good chance to go long??? Does any one have gut?
Haha< well I hope they are a good company to work for then. Its not the mining company is it?

I m already long USDCHF. I m more medium to long term, I m holding for up to over parity again, and 1.0400, and possibly higher.

Short AUDUSD also, holding for around 0.8000.

Good luck.
  • #1,652
  • Apr 13, 2011 2:53am Apr 13, 2011 2:53am
Quoting VedantaTrade
Haha< well I hope they are a good company to work for then. Its not the mining company is it?

I m already long USDCHF. I m more medium to long term, I m holding for up to over parity again, and 1.0400, and possibly higher.

Short AUDUSD also, holding for around 0.8000.

Good luck.
watch bigger picture for usd/chf here:

http://www.actionforex.com/action-in...0110413137693/

Long next week for the pullback till 0.90, but 0.86 first.
  • #1,653
  • Apr 13, 2011 6:15am Apr 13, 2011 6:15am
Quoting peaches
watch bigger picture for usd/chf here:

http://www.actionforex.com/action-in...0110413137693/

Long next week for the pullback till 0.90, but 0.86 first.
no offense..let market decide..
  • #1,654
  • Apr 13, 2011 6:27am Apr 13, 2011 6:27am
Quoting aqeelaputra
no offense..let market decide..
I agree buddy, the same pattern happened when this pair broke the strong support 0.9200 one months ago.
  • #1,655
  • Apr 13, 2011 6:31am Apr 13, 2011 6:31am
I don't know guys but i don't see any point
in buying until we see what happens at .8900.
Just looks like it's got to test that first.
Edit...just ran some numbers and it could get down
to .8850 before any bounce.
Just a thought,but i'm not buying here thats for sure.
Attached Image
You can remain irrational longer than you can remain solvent.
  • #1,656
  • Apr 13, 2011 7:05am Apr 13, 2011 7:05am
Looking at a nice buy opportunity on the break of the descending trend line and 0.9000.

USD/CHF M15
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  • #1,657
  • Apr 13, 2011 7:13am Apr 13, 2011 7:13am
Quoting jezek5
I don't know guys but i don't see any point
in buying until we see what happens at .8900.
Just looks like it's got to test that first.
Edit...just ran some numbers and it could get down
to .8850 before any bounce.
Just a thought,but i'm not buying here thats for sure.
yes for me..im still wait for that number and sentiment..still have room in daily and weekly to down but..sometime we never know what market decide...
  • #1,658
  • Apr 13, 2011 7:27am Apr 13, 2011 7:27am
Quoting aqeelaputra
no offense..let market decide..

of course. But let me explain my thinking (not at my computer at home, so no charts):

we have seen a drop vom 0.977 till ~0,89. Then we see a retracement from 0.89 till 50 fibo level at ~0.9350. Now I think we see a drop from
~0.9350 til 0.86. This means where are here right now at the next 50 % retracement level.

But lets see what happens. I have a buy order at 0.863
  • #1,659
  • Apr 13, 2011 7:40am Apr 13, 2011 7:40am
.9000 looks like being the number in play,daily closes below
and we keep grinding down,but a close above that number
would have me rethinking my bearishness on this pair short term.
For me longer term i only see this pair going lower,just can't see
any reason to hold USD's over Swiss Franc's.
Good luck everyone with your trades.
You can remain irrational longer than you can remain solvent.
  • #1,660
  • Apr 13, 2011 7:40am Apr 13, 2011 7:40am
Quoting peaches
of course. But let me explain my thinking (not at my computer at home, so no charts):

we have seen a drop vom 0.977 till ~0,89. Then we see a retracement from 0.89 till 50 fibo level at ~0.9350. Now I think we see a drop from
~0.9350 til 0.86. This means where are here right now at the next 50 % retracement level.

But lets see what happens. I have a buy order at 0.863

good for you mate..everybody have analysis..so i hope we have decide what the best and make some profit...
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