USD/CHF

this can go anywhere as long as there is uncertainty in the market chf will get stronger.
I was like you and said the same since 0.9 it wont go much lower and the bottom is here or one more 100 pips and can't go lower!
look where it is now!
this beast can still go maybe till 0.7 and lower. be wise and trade with caution.

Good evening bottom pickers,funny,i
keep looking at this thing and thinking
it may never again go up,guess we might bounce here
but who would risk buying it?
I haven't been trading this for months but
just remembered i had this old chart,
last lines were drawn on it early May.

Hi guys. One of my best performers this year. Currently almost 1100 pips up and looking to compound. I am a newbie on here and happy to learn and share from my fellow traders. This is my first reply to a post. I don't believe in second guessing and will continue to sell until market conditions dictate otherwise.

Just checked on Oanda and they have 69% net long positions on this pair, looks like too many traders are long, that's the only problem going counter trend wrt to that chart above.

hi ettrader

excuse me for my ignorance but what is Oanda and what bearing does that have on deciding whether to buy or sell? Are you long or short on the Swissy?

no bottom in sight.. where is the support? agree that long USD/CHF should be the right trade to do but also afraid of Fri's NFP..

and the looming QE3 if NFP sux...

Hi All,
USDCHF monthly reversal .....before continue moving down ...

Guys just just keep ur CHF longs open in any CHF pairs with keep moving ur SL with new lows for any possible intervention..i feel we are heading towards double depression... and i think we will get ample time after the bottom to get out of CHF and get in GOLD after that ...very very risky at the moment save ur ass.. this is going to be big aftershock of first big impact after 2008 disaster.. i feel its going to run for 8 -10 week atleast ..noone sees bottom here

SNB came in at 0.764..
but shorts are still strong so far...looming NFP and QE not helping the dollar!!

Attached

Sorry but if you post a chart just like that no one will understand anything. what level is that!

Not long, system still says stay short USDCHF but we're at an interesting level if you look at the monthly. The sentiment of traders based on what the current open positions of their clients, bear in mind the broker hedges against your position. You go long they go short. Who wins you or the broker most of the time, well usually the broker as a general rule. So the sentiment is important.

http://fxtrade.oanda.com/analysis/

Hi Peter,
I take this trade long USDCHF (+100 pips) and GBPCHF (+230 pips)....
SL at BE

Cheers,

Try To Figured out then your trading skills would be keep improving

That's a ridiculous statement, your chart could be of my grandma's menstrual cycle for all I know.

Another short term correction with monthly,weekly,daily, 4 hour and hourly charts all in a strong downtrend.

Trend is really your greatest friend except for when it is a counter trend trend as the main trend can resume at any time and as i have said many a time these counter trend trends do have a habit of gapping away from the old support which a lot of traders would be targeting in this 60minute corrective swing up.


Again nothing wrong with counter trend trading if its your style but consider this, since early on in the year i have been calling this market short because thats what the charts have been showing, numerous traders have come along and tried to predict the end of the trend and counter trend trade the trend -most have failed and there have been plenty of opportunities to get in short because that is where the money is trading, with some great profits along the way, i know where id rather put my money.


pip

aha! thank you now I know why my trading went wrong. I wish you posted that chart earlier.

Ho oh ~ I am sorry then if you not like it

this is how you should post a chart. and we will all like it.