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USD/CHF

  • #2,261
  • Jul 18, 2011 11:23am Jul 18, 2011 11:23am
Quoting pipfarm
Agreed, but still a corrective swing ,which means trading against the 4 hour, but sure a break above .8198 may see the corrective swing extend a bit further.
In that case, we may have alreadly seen a solid bottom formed.
Attached Image (click to enlarge)
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  • #2,262
  • Jul 18, 2011 11:47am Jul 18, 2011 11:47am
Quoting Oodr
In that case, we may have alreadly seen a solid bottom formed.

If i was trading from the 4hour i would short that bottom on a break of .80777, but as i do not trade from that timeframe i will probably have to wait for the bottom to break and enter when it starts to trend.


pip
Follow The Markets Structure - Patience and Discipline
  • #2,263
  • Jul 18, 2011 12:35pm Jul 18, 2011 12:35pm
Quoting pipfarm
If i was trading from the 4hour i would short that bottom on a break of .80777, but as i do not trade from that timeframe i will probably have to wait for the bottom to break and enter when it starts to trend.


pip
I think the current one may be the better entry, considering a small stoploss and the multiple resistances converged here.
Attached Image (click to enlarge)
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  • #2,264
  • Jul 18, 2011 12:42pm Jul 18, 2011 12:42pm
Quoting Oodr
I think the current one may be the better entry, considering a small stoploss and the multiple resistances converged here.

It might be for you, good luck but i have to stick to my plan and the way i see it, im only looking for a high probability entries which i know from past experience work well for me.


pip
Follow The Markets Structure - Patience and Discipline
  • #2,265
  • Jul 18, 2011 12:51pm Jul 18, 2011 12:51pm
Quoting pipfarm
It might be for you, good luck but i have to stick to my plan and the way i see it, im only looking for a high probability entries which i know from past experience work well for me.


pip
I see what you mean.
Although the stoploss is small now, it will be much more likely to be taken out due to the strong upward momentum.
  • #2,266
  • Jul 18, 2011 12:57pm Jul 18, 2011 12:57pm
Quoting Oodr
I see what you mean.
Although the stoploss is small now, it will be much more likely to be taken out due to the strong upward momentum.
It's gone just after I submitted the reply.
  • #2,267
  • Jul 18, 2011 1:03pm Jul 18, 2011 1:03pm
Quoting Oodr
It's gone just after I submitted the reply.

Yes i saw that, well having recognised the market condition as range or correction i knew it was a bad idea to try and trade it, although there are some ranges or corrections that i can trade if they set up the right way but the way i see it why bother because trading with the trend is where the money is and where i am.

pip
Follow The Markets Structure - Patience and Discipline
  • #2,268
  • Jul 18, 2011 1:06pm Jul 18, 2011 1:06pm
0.8170 huge one....

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
  • #2,269
  • Jul 18, 2011 1:15pm Jul 18, 2011 1:15pm
Quoting pipfarm
Yes i saw that, well having recognised the market condition as range or correction i knew it was a bad idea to try and trade it, although there are some ranges or corrections that i can trade if they set up the right way but the way i see it why bother because trading with the trend is where the money is and where i am.

pip
Although with a minor damage, a good lesson has been learned; Resistances may not work in front of the momentum.
  • #2,270
  • Jul 18, 2011 1:44pm Jul 18, 2011 1:44pm
Quoting PhAnTi'
0.8170 huge one....

Attachment
Phanti, may I ask where you get that indicator for ATR on the upper left side of the chart?
  • #2,271
  • Jul 18, 2011 1:48pm Jul 18, 2011 1:48pm
Quoting PhAnTi'
0.8170 huge one....

Attachment
There is something fishy here.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf30m.gif Size: 16 KB
  • #2,272
  • Jul 18, 2011 1:51pm Jul 18, 2011 1:51pm
Quoting Oodr
There is something fishy here.
Just wait and see what will happen after the NY market close.
  • #2,273
  • Jul 18, 2011 3:07pm Jul 18, 2011 3:07pm
Quoting Oodr
Although with a minor damage, a good lesson has been learned; Resistances may not work in front of the momentum.

" resistance may not work in front of the momentum" i can't say ive heard that one before.


pip
Follow The Markets Structure - Patience and Discipline
  • #2,274
  • Jul 18, 2011 4:15pm Jul 18, 2011 4:15pm
Quoting PhAnTi'
0.8170 huge one....

Attachment
lack of volume on up moves. very clear. now pull up larger time frames.

GL!
  • #2,275
  • Jul 18, 2011 6:53pm Jul 18, 2011 6:53pm
Quoting PipPipPip
lack of volume on up moves. very clear. now pull up larger time frames.

GL!
It does seem like 80 is inevitable now at some point... Im looking for a run up to 8280/8300 previous support before another possible leg down.
  • #2,276
  • Jul 18, 2011 6:58pm Jul 18, 2011 6:58pm
Quoting Oodr
There is something fishy here.
It was a stoploss-hunting move.
  • #2,277
  • Jul 18, 2011 7:10pm Jul 18, 2011 7:10pm
Quoting mck6206
It does seem like 80 is inevitable now at some point... Im looking for a run up to 8280/8300 previous support before another possible leg down.
The room may be too small to be attractive, so it is more likely to go down retesting the pink line first.
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  • #2,278
  • Jul 18, 2011 11:31pm Jul 18, 2011 11:31pm
http://www.forexfactory.com/showthread.php?t=304657
Trade responsiblypatience is the key/Swing trader
  • #2,279
  • Jul 19, 2011 12:31am Jul 19, 2011 12:31am
Quoting Incrediblle
http://www.forexfactory.com/showthread.php?t=304657
Ye, this pair is worth our attention.
  • #2,280
  • Jul 19, 2011 1:19am Jul 19, 2011 1:19am
long 8199 sl 8178
Trader from Croatia
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