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USD/CHF

  • #1,721
  • Apr 19, 2011 2:23am Apr 19, 2011 2:23am
Quoting ferndog
I'm long..hoping 0.8900 holds...just stay above this and it goes up.
Just looking at the retail trading positions for this pair. 76% are net long the USD with only 24% long the CHF. That usually points to more losses. This is from Oanda's book and apparently Oanda have the most winning traders of all the retail brokers, so perhaps they are on the right side. I m still not sure if we have hit a bottom, I would feel more comfortable with one more spike lower, with strong buying lifting price up again to form a shooting star/doji type candle on the daily.

However, the spike lower yesterday, with the strong upside reaction was encouraging.

The following chart is of the S6 Futures. I include a Volume at price indicator covering a 5 day period...The pink line is the area where most trades occurred. This means it is an area of attrition. It acted acted as CHF resistance, or Dollar support yesterday., and the next chart you can see that volume at price on a 60 minute intraday chart. Again looks like some USD buying at this area.
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  • #1,722
  • Apr 19, 2011 4:54am Apr 19, 2011 4:54am
level 0,8989 is very strong but I think 'big army' is coming to destroy thay! cross and go fader.
  • #1,723
  • Apr 19, 2011 5:43am Apr 19, 2011 5:43am
Quoting VedantaTrade

However, the spike lower yesterday, with the strong upside reaction was encouraging.
Yes it was and the reaction was strong and swift.there could be many reasons for that that does not necessarily mean greenback strength but the way things have been going lately I was pleasantly surprised.

  • #1,724
  • Apr 19, 2011 6:12am Apr 19, 2011 6:12am
[quote=VedantaTrade;4554489]Just looking at the retail trading positions for this pair. 76% are net long the USD with only 24% long the CHF. That usually points to more losses. This is from Oanda's book and apparently Oanda have the most winning traders of all the retail brokers, so perhaps they are on the right side. I m still not sure if we have hit a bottom, I would feel more comfortable with one more spike lower, with strong buying lifting price up again to form a shooting star/doji type candle on the daily.

no offense mate just trade the candle..if you not sure about your position dont take a trade..safe then sorry..
  • #1,725
  • Apr 19, 2011 6:16am Apr 19, 2011 6:16am
Quoting VedantaTrade
Just looking at the retail trading positions for this pair. 76% are net long the USD with only 24% long the CHF. That usually points to more losses. This is from Oanda's book and apparently Oanda have the most winning traders of all the retail brokers, so perhaps they are on the right side. I m still not sure if we have hit a bottom, I would feel more comfortable with one more spike lower, with...
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  • #1,726
  • Apr 19, 2011 6:38am Apr 19, 2011 6:38am
nice longs angeelaputra....
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #1,727
  • Apr 19, 2011 6:39am Apr 19, 2011 6:39am
Quoting sivaji
nice longs angeelaputra....

thanks mate..
  • #1,728
  • Apr 19, 2011 6:43am Apr 19, 2011 6:43am
longs are not finished. but it´s not easy for usd/chf go long and see retrace for eur/usd too.

If eur/usd starts dropping, usd/chf will rock.

chf/lfx has sell off meantime.
  • #1,729
  • Apr 19, 2011 6:51am Apr 19, 2011 6:51am
Quoting peaches
longs are not finished. but it´s not easy for usd/chf go long and see retrace for eur/usd too.

If eur/usd starts dropping, usd/chf will rock.

chf/lfx has sell off meantime.
i agree euro still going up lets see what market can do..UC still struggling for me to going up..but how knows..
  • #1,730
  • Apr 19, 2011 7:50am Apr 19, 2011 7:50am
looks like, the US boys are back in town and have controll...
  • #1,731
  • Apr 19, 2011 8:29am Apr 19, 2011 8:29am
Short term , break of .89993 might be good for a long with next resistance at .91037

pipfarm
Follow The Markets Structure - Patience and Discipline
  • #1,732
  • Apr 19, 2011 9:55pm Apr 19, 2011 9:55pm
I'm so stupid. I put two buy stop yesterday and I forgot to deleted it at the end of the day. Now I'm going long @0.9005 accidentally
  • #1,733
  • Apr 20, 2011 2:40am Apr 20, 2011 2:40am
Quoting jezek5
.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.
.9000 looks to still be the number in play.
.8800 anyone?
You can remain irrational longer than you can remain solvent.
  • #1,734
  • Apr 20, 2011 3:41am Apr 20, 2011 3:41am
Trying to pick tops and bottoms ? not so easy ,


pipfarm
Follow The Markets Structure - Patience and Discipline
  • #1,735
  • Apr 20, 2011 3:47am Apr 20, 2011 3:47am
Quoting visser300
I'm so stupid. I put two buy stop yesterday and I forgot to deleted it at the end of the day. Now I'm going long @0.9005 accidentally
no stops?
Hero calls followed by margin calls...
  • #1,736
  • Apr 20, 2011 4:17am Apr 20, 2011 4:17am
Quoting PhAnTi'
no stops?
Yes, I got one and it below 8900 level. If it shows signal that it will go up I will buy more.

The most expensive stupid I've made
  • #1,737
  • Apr 20, 2011 4:53am Apr 20, 2011 4:53am
Quoting visser300
Yes, I got one and it below 8900 level. If it shows signal that it will go up I will buy more.

The most expensive stupid I've made
dollar still weak for me but anything can change..i hope this boy can rally like euro..hahahhaha
  • #1,738
  • Apr 20, 2011 7:02am Apr 20, 2011 7:02am
Bouncing off .8908? Maybe see .90 again...
  • #1,739
  • Apr 20, 2011 7:12am Apr 20, 2011 7:12am
Quoting zipfur
Bouncing off .8908? Maybe see .90 again...
Who knows,but some 1 hr closes above .8925 is needed first.
I don't see that happening though.
You can remain irrational longer than you can remain solvent.
  • #1,740
  • Apr 20, 2011 7:29am Apr 20, 2011 7:29am
not throwing water into the bulls wine, but if I look at the weekly, it looks like, the current upper wick has tested former support, which is now resistance, and its going lower...
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