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USD/CHF

  • #2,221
  • Jul 14, 2011 11:57pm Jul 14, 2011 11:57pm
moved S/L to 0.83496
Quoting clc4x
Short at 0.83164, S/L at 0.84897

http://lcchong.files.wordpress.com/2...ng?w=877&h=397
  • #2,222
  • Jul 15, 2011 1:32am Jul 15, 2011 1:32am
if you are short you will soon realize how hard is to make money on this pair

i expect a big spike soon, CHF is too strong and seriously hitting swiss economy at these levels

you know that when market is too long, a squeeze can be quick and violent
parity was a good level to buy in many's opinion
now probably most of them have become bearish at 80 - 81

this is the most bullish sign one can have
  • #2,223
  • Jul 15, 2011 1:36am Jul 15, 2011 1:36am
In the very short term I do have a Long open.

Based upon that the scoundrels in Congress will raise the debt ceiling.

That is it. 84' ish is my target.

I see a short term spike when they do and then it will revert to its never ending decent. ( Well I should not say never ending but we have not seen no bottom yet in my humble opinion.)
  • #2,224
  • Jul 15, 2011 1:41am Jul 15, 2011 1:41am
Quoting Astroman
In the very short term I do have a Long open.

Based upon that the scoundrels in Congress will raise the debt ceiling.

That is it. 84' ish is my target.

I see a short term spike when they do and then it will revert to its never ending decent. ( Well I should not say never ending but we have not seen no bottom yet in my humble opinion.)
I agree, 85 is very possible in the short term

but then don't expect that sell on strenght will be easy money as before
  • #2,225
  • Jul 15, 2011 1:47am Jul 15, 2011 1:47am
When the debt ceiling gets raised I see a temporary rise in prices in this pair. I do think it will be fairly short lived though.
  • #2,226
  • Jul 15, 2011 1:48am Jul 15, 2011 1:48am
Long..8167 SL 8153 T1 8193
Trader from Croatia
  • #2,227
  • Jul 15, 2011 2:56am Jul 15, 2011 2:56am
Quoting Geene
Long..8167 SL 8153 T1 8193
Close 8184...bussines problems..again
Trader from Croatia
  • #2,228
  • Jul 15, 2011 3:18am Jul 15, 2011 3:18am
Quoting Astroman
When the debt ceiling gets raised I see a temporary rise in prices in this pair. I do think it will be fairly short lived though.
watch for rumours in CHF exchange control to trigger this pair to the upside first...
  • #2,229
  • Jul 15, 2011 3:26am Jul 15, 2011 3:26am
Quoting fammira
watch for rumours in CHF exchange control to trigger this pair to the upside first...
Thanks for the heads up.
  • #2,230
  • Jul 15, 2011 9:01am Jul 15, 2011 9:01am
ive not posted here for a while but i remember back in may when i said i would eat my shorts if the the swissy bias was long ,thankfully i did not have to eat them even though they might have tasted ok with some salt and ketchup to go.

For me longs are out of the question at the moment as it does not fit in with my trading style, thats not to say it will not go up ,i just like to put the odds in my favour.

From the 60 minute timeframe this current move up at the moment is only a minor retracement against the 4 hour swing down which is part of the daily down trend, so longs are not my style atm but good luck if you get some pips on the long side.

pip
Follow The Markets Structure - Patience and Discipline
  • #2,231
  • Jul 15, 2011 10:20am Jul 15, 2011 10:20am
The most anticipated trade here is the EUR/CHF and EUR/JPY. Those will be represented with the most volatility. I think if you are playing against the CHF you might find the best deal with the EUR/CHF or EUR/JPY. I think at these levels you may find yourself with some limited downside if things get ugly with alot better reward to the upside if all goes well. Just my opinion. I would tend to go with the Eur/JPY in my opnion over the chf. EUR/JPY tends to be in the bottom half of a 6 month range.
Don't be fooled by randomness
  • #2,232
  • Jul 15, 2011 12:29pm Jul 15, 2011 12:29pm
Possible to dip below 0.8?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-4h.gif Size: 26 KB
  • #2,233
  • Jul 15, 2011 12:35pm Jul 15, 2011 12:35pm
Quoting Oodr
Possible to dip below 0.8?
Daily Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-daily.gif Size: 23 KB
  • #2,234
  • Jul 16, 2011 12:46am Jul 16, 2011 12:46am
http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=398
  • #2,235
  • Jul 17, 2011 2:25pm Jul 17, 2011 2:25pm
Swissy tanking, 100 pips so far. 8043 low on oanda at this moment. Funny I have some small shorts open since last week but can't close them since i'm not with oanda, hopefully snb won't shoot this pair to mars within next 3 hours
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 115 KB
MarginTrader All Time Return: na
  • #2,236
  • Jul 17, 2011 2:34pm Jul 17, 2011 2:34pm
Quoting MaryJane
Swissy tanking, 100 pips so far. 8043 low on oanda at this moment. Funny I have some small shorts open since last week but can't close them since i'm not with oanda, hopefully snb won't shoot this pair to mars within next 3 hours
SNB will do nothing. Ever again.

CHF rising because of flight to safety.

With europe and usa on the brink of financial collapse you will not see the SNB acting AGAINST this flight to safety... This will be totally futile!
this pig cannot be slaughtered for ever... or can it?
  • #2,237
  • Jul 17, 2011 2:46pm Jul 17, 2011 2:46pm
Quoting georgem
SNB will do nothing. Ever again.

CHF rising because of flight to safety.

With europe and usa on the brink of financial collapse you will not see the SNB acting AGAINST this flight to safety... This will be totally futile!
And after usa and EU collapse,you will be able to buy ticket to Switzerland with peanuts
  • #2,238
  • Jul 17, 2011 3:07pm Jul 17, 2011 3:07pm
well, back at 8100, stops below 8050 popped, mission completed. In any case, it's a new all-time low, pre-market or not. Should be tested again soon, imo. Time will tell.
MarginTrader All Time Return: na
  • #2,239
  • Jul 17, 2011 4:07pm Jul 17, 2011 4:07pm
Quoting Oodr
Possible to dip below 0.8?
Looks more likely now!
  • #2,240
  • Jul 17, 2011 4:31pm Jul 17, 2011 4:31pm
Quoting Oodr
Daily Chart.
Can i ask, as we are pretty much on the same wavelength, why you didn't draw the channel?
also, in a confirmed downtrend, why you placed more emphasis on potential support, rather than resistance?
No criticism intended, just interested to hear your thoughts.

All the best.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 22 KB
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