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USD/CHF

  • #1,741
  • Apr 20, 2011 5:42am Apr 20, 2011 5:42am
Looks like we're searching for a pool of Franc's,
they must be down here some where.
Yes we're stretched on the day but
it feels like theres some unfinnished business down here.
You can remain irrational longer than you can remain solvent.
  • #1,742
  • Apr 20, 2011 5:52am Apr 20, 2011 5:52am
Broke the support line, down we go... I guess we still have to break .8895
  • #1,743
  • Apr 20, 2011 5:54am Apr 20, 2011 5:54am
Quoting jezek5
Looks like we're searching for a pool of Franc's,
they must be down here some where.
Yes we're stretched on the day but
it feels like theres some unfinnished business down here.
There you are you little buggars.
Strange though,i thought that would go lower.
You can remain irrational longer than you can remain solvent.
  • #1,744
  • Apr 20, 2011 6:27am Apr 20, 2011 6:27am
Quoting jezek5
There you are you little buggars.
Strange though,i thought that would go lower.
Ok ,another nice spike down so i'm done
with this pair on my short term trading.
Still have longer term shorts from higher up.
Good luck trading.
You can remain irrational longer than you can remain solvent.
  • #1,745
  • Apr 20, 2011 6:28am Apr 20, 2011 6:28am
We have a new low, but it sure did spike right back up quickly on the retest...
  • #1,746
  • Apr 20, 2011 6:31am Apr 20, 2011 6:31am
Quoting zipfur
We have a new low, but it sure did spike right back up quickly on the retest...
True,and with 131% ADR there's easier money
to be made somewhere else.
You can remain irrational longer than you can remain solvent.
  • #1,747
  • Edited 7:33am Apr 20, 2011 7:17am | Edited 7:33am
I think we are done down here, to be honest...UNLESS we just absolutely bust down to the mid .88's then I would call for high .87. We seem to have stalled...just my opinion.

Also, notice asia's volume has been heavy lately...?

My personal opinion.....I am going to wait for tonight in the early euro session to see where it goes. My opinion is we hover around the lows for the day today (.8900 to .8910). If we below .8887 tomorrow with force then .87 here we come and from there I dont know...maybe .85 as it sounds pretty even.. If we stall tomorrow I will open a long WITH A TIGHT STOP! because if we can resist the downside we are are going for a relief rally to .93. Anyways....thats my opinion....

What does everyone else think? Agree disagree?

Also if the daily candle turns into a doji or whatever....just not a full candle...I think that is more evidence for an upside reversal...and the prices down here are a gift. The only thing that scares me is the fact that we were gaining upside momentum and then we hit a brick wall (no top wick on the daily)...that is pure momentum to the downside...but we need further evidence to conclude this.
Don't be fooled by randomness
  • #1,748
  • Edited 7:39am Apr 20, 2011 7:32am | Edited 7:39am
Quoting pipfarm
US outlook revised to negative by s&p ratings

i think below .88949 looks good , trend wave lined up on 4 hour daily weekly and montyly ,maybe another huge drop

I seem to remember everyone was bullish on the swissy, calling for trend reversals etc during a major weekly, monthly downtrend,

Long term downtrend still intact, its going to take a lot more than a 5 minute or 60 minute up trend to reverse the daily ,weekly ,monthly downtrend.

Sure its going to stick around the low for a while , just accumulating all those lovely bulls before going down again, candlesticks ,shamndle sticks .
pipfarm
Follow The Markets Structure - Patience and Discipline
  • #1,749
  • Apr 20, 2011 7:44am Apr 20, 2011 7:44am
Pipfarm, I personally think this rally to the low .89 high .88 is over done. That is my personal opinion at this moment. But your absolutly right..CHF is in BULL mode. I hate trading against the trend and rarely do it...unless evidence is substantial. But also too is hate waiting for a dip in the trend, so I have learned to trade from a bear bull perspective...right now it is neutral. Just waiting to see what happens next.
Don't be fooled by randomness
  • #1,750
  • Apr 20, 2011 7:54am Apr 20, 2011 7:54am
I went pretty big long. With a reasonably tight stop. Sentiment is there for a nice move, maybe a game changer. Just got three emails from guys who are always wrong calling for the US dollar to go to all time skunk lows. Just had to go all in.
  • #1,751
  • Apr 20, 2011 7:58am Apr 20, 2011 7:58am
steroidman....you da man! I am waiting for confirmation for both directions
Don't be fooled by randomness
  • #1,752
  • Apr 20, 2011 8:03am Apr 20, 2011 8:03am
As soon as you realize that this whole game is a casino and that the pros are always taking the opposite position against us little pros, things will seem a whole lot brighter.
  • #1,753
  • Apr 20, 2011 8:06am Apr 20, 2011 8:06am
Quoting frothy
But your absolutly right..CHF is in BULL mode.
The CHF only reacts. The USD is in ...who in the Hell knows mode. Who knows how far this thing can fall but the Greenback will be back. The US economy will be back. Needs more time to play out but the USD is oversold.

The rebound is going to be sweet. Lord have mercy on the Shorts.

Debt?

Can be easily fixed and will be when we get rid of the Bush tax cuts and quit being the worlds policeman. Time for other countries (EUR) to step up and do their fair share. Shit, Americans are getting tired of Eastern hemisphere problems.

Big changes are ahead in the American political scene.
  • #1,754
  • Apr 20, 2011 8:10am Apr 20, 2011 8:10am
Sold half, getting a free ride, still think it might be a game changer.
  • #1,755
  • Apr 20, 2011 8:19am Apr 20, 2011 8:19am
Heh, casino doesn't like being called a casino.
  • #1,756
  • Apr 20, 2011 8:24am Apr 20, 2011 8:24am
I will sell USD/CHF at price 0.89076
now I do? please for me an advice
thanks all !
  • #1,757
  • Apr 20, 2011 8:27am Apr 20, 2011 8:27am
Quoting pipfarm
I seem to remember everyone was bullish on the swissy, calling for trend reversals etc during a major weekly, monthly downtrend,

Long term downtrend still intact, its going to take a lot more than a 5 minute or 60 minute up trend to reverse the daily ,weekly ,monthly downtrend.

Sure its going to stick around the low for a while , just accumulating all those lovely bulls before going down again, candlesticks ,shamndle sticks .
pipfarm
Don't know about the rest but i've been bearish
on this since before christmas and been calling that way.
Who is this everyone?
You can remain irrational longer than you can remain solvent.
  • #1,758
  • Apr 20, 2011 8:39am Apr 20, 2011 8:39am
Quoting frothy
I think we are done down here, to be honest...UNLESS we just absolutely bust down to the mid .88's then I would call for high .87. We seem to have stalled...just my opinion.

Also, notice asia's volume has been heavy lately...?

My personal opinion.....I am going to wait for tonight in the early euro session to see where it goes. My opinion is we hover around the lows for the day today (.8900 to .8910). If we below .8887 tomorrow with force then .87 here we come and from there I dont know...maybe .85 as it sounds pretty even.. If we stall tomorrow...
agree but until now uc still weak...longterm still bearish but without any retrace at least 93 or more this pair have some problem in the ground..or..market still panic..
  • #1,759
  • Apr 20, 2011 8:43am Apr 20, 2011 8:43am
Quoting phamquan
I will sell USD/CHF at price 0.89076
now I do? please for me an advice
thanks all !
hi..for me.. right or wrong just trust your chart+SL
  • #1,760
  • Apr 20, 2011 8:45am Apr 20, 2011 8:45am
after spike in the ground this back again in 8916..
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