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USD/CHF

  • #1,941
  • May 17, 2011 11:32pm May 17, 2011 11:32pm
I will not post the entry because that is up to you. Besides saying about now. The neck is "technically" broken. So you know what to do.

Here below is everything for the potential trade. I remain Bearish this pair and
my target of 8500 was missed by only 50 pips appx.

If you trust this pattern and know an HS you will know when or what your comfort level is.

The suggested stop is appx 80 pips. The last target is three times the risk at 240 pips.

Potential targets are in Greens. There is one support at 8700 to be mindful of.

Everything is laid out in the chart.

* Edit= Please note to disregard "see purple" on the extended target text as I have changed targets (8700 can be used as a target as well)
to green dashed.....

This is not a "day trade"

trade at your own risk.
Let's see what happens
Attached Image (click to enlarge)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,942
  • May 17, 2011 11:39pm May 17, 2011 11:39pm
Pair trades very well with S/R levels. Security and strength of the Swiss franc along with a more stable economy. Bearishness of USD along with poor news releases, high debt, no jobs.

Quoting Rk33333
Have you got any reason for that other than it would be a nice a high point by some previous support and resistance?

I'm interested in position trading, I'm reading pipeasy's equity millipede thread at the moment.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,943
  • May 18, 2011 12:36am May 18, 2011 12:36am
I can't believe the lack of attention this pair and thread get here on FF.

It's a Major for crying out loud!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,944
  • Edited 12:04pm May 18, 2011 11:45am | Edited 12:04pm
Quoting jezek5
Hey pqt,bloody nice call.

Funny to see the bottom pickers thinking they've
cracked it,how many months have they been calling the turn?

.8920 should cap any up move for a final push down to .8450.
Who knows from there.
One more push and down we go again.
Attached Image
You can remain irrational longer than you can remain solvent.
  • #1,945
  • May 18, 2011 12:04pm May 18, 2011 12:04pm
Quoting bdsilvano
beautiful beautiful setup, i made money out of this transaction so far, usdchf is in the beginning of another leg down and im on the top. ehhehehehe
You better count waves
  • #1,946
  • May 18, 2011 12:08pm May 18, 2011 12:08pm
Quoting lastresort
You better count waves
So what do the "waves" say then?
You can remain irrational longer than you can remain solvent.
  • #1,947
  • May 18, 2011 12:15pm May 18, 2011 12:15pm
Quoting lastresort
You better count waves
so which wave are we now? please illustrate
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #1,948
  • May 18, 2011 11:37pm May 18, 2011 11:37pm
Quoting jezek5
So what do the "waves" say then?
Waves say nothing IMO. All they are, are constantly re- re -re and re arranged to accommodate a trade that may or may not be working.

Now Swissy does trade well with support and resistance which major levels don't need to be re counted or re waved any time something happens of kilter.

Just my two cents.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,949
  • May 19, 2011 2:10am May 19, 2011 2:10am
Quoting XTrade
Waves say nothing IMO. All they are, are constantly re- re -re and re arranged to accommodate a trade that may or may not be working.

Now Swissy does trade well with support and resistance which major levels don't need to be re counted or re waved any time something happens of kilter.

Just my two cents.
Yea, agree with you there XTrade,i was just being silly,
the only people i know that make money constantly out of waves
are pro surfers,the one's that get wet.
You can remain irrational longer than you can remain solvent.
  • #1,950
  • May 19, 2011 12:43pm May 19, 2011 12:43pm
USDCHF-D
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  • #1,951
  • May 19, 2011 5:30pm May 19, 2011 5:30pm
Indecissions are on the cards. Price could fall or rebound form here as both sides are guarded (red boxes).

Attached Image (click to enlarge)
Click to Enlarge Name: usd chf daily.gif Size: 159 KB


Play the edges with thight stops if you really are desperate to play with this cross. Once those levels are cleared we can resume to play the trend or countertrend.

Cheers
  • #1,952
  • May 20, 2011 2:19am May 20, 2011 2:19am
Quoting Pipstrumpf
Indecissions are on the cards. Price could fall or rebound form here as both sides are guarded (red boxes).

Attachment

Play the edges with thight stops if you really are desperate to play with this cross. Once those levels are cleared we can resume to play the trend or countertrend.

Cheers
Cross? Are you sure you already mastered Fx terminology?
  • #1,953
  • May 20, 2011 2:28am May 20, 2011 2:28am
Quoting JanPoko
Cross? Are you sure you already mastered Fx terminology?
Very good thanks for reminding me
  • #1,954
  • May 20, 2011 2:48am May 20, 2011 2:48am
Quoting Pipstrumpf
Very good thanks for reminding me
you're welcome.

But I really liked your formulation: "if you are desperate enough to play with this pair". Witty and apt.
  • #1,955
  • May 20, 2011 7:46am May 20, 2011 7:46am
kaboom....

waiting for h close above/below 8770 for further trade decisions

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Hero calls followed by margin calls...
  • #1,956
  • May 23, 2011 6:48pm May 23, 2011 6:48pm
I was expecting this bad boy to go up... BUT NOT 5 SECONDS AFTER I PLACED MY TRADE!!!


I put this trade on.. go eat some food and walk back to this thing raging upward.. when I was planning on leaving it open till tomorrow night.. so my only guess now is this baby is going to continue upward all of tomorrow or all momentum I suspected just happened..

oh well I'll just stick to the original plan... "stick to the plan jones..." "WTF LEEROY"
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  • #1,957
  • May 23, 2011 11:40pm May 23, 2011 11:40pm
Possible trade here
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  • #1,958
  • May 26, 2011 2:02am May 26, 2011 2:02am
my current outlook for USDCHF

if u are clever and smart, just like me.. lol

DONT SHORT AT THIS MOMENT



ps: my first post here.. or not.. forgot
Attached Image
  • #1,959
  • May 26, 2011 2:29am May 26, 2011 2:29am
I am long right now so I am banking on the unemployement news to fuel me some pips later this day.
Trade Like a Robot make money Like a Bank
  • #1,960
  • May 26, 2011 6:14am May 26, 2011 6:14am
I also trade usd/chf and have been short from 0.9770

Attahed is monthly chart why i am short...its pretty straight forward...

I expect Tp to be @ 0.7600 which is still about 1000 pips from current levels (projected target level from break of triangle)


I am bais short so only looking to add shorts on bounces.

Happy Pippin
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