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USD/CHF

  • #2,501
  • Aug 4, 2011 7:23pm Aug 4, 2011 7:23pm
Quoting frothy
Hell ya its going down...wall st cave men and london arses are gonna push this turd to the 75 level.....look at cad/chf its a good predictor of where price is going....if you are gonna trade this pair look at the cad/chf first to see the "future"
thanks for that
it wouldnt drop to the bottomless pit am i right?
looking at the chart now, its hitting .7600 soon
  • #2,502
  • Aug 4, 2011 7:43pm Aug 4, 2011 7:43pm
Quoting eqshack
what ? short ?..why?
I went long 0.7672 Stop LOSS 0.7572
Why long? Just curious.

Cory
  • #2,503
  • Aug 4, 2011 7:47pm Aug 4, 2011 7:47pm
Quoting Cbh123
Why long? Just curious.

Cory
One could play the forming range .76 to .78 off a possible double bottom here , watch for possible bear traps and stop sweeps just below the .76
  • #2,504
  • Aug 4, 2011 7:55pm Aug 4, 2011 7:55pm
Quoting wallet
One could play the forming range .76 to .78 off a possible double bottom here , watch for possible bear traps and stop sweeps just below the .76
Thanks I appreciate the response and see why some might now.

Personally I wouldn't go near a long at this point. A double bottom on a timeframe of h4 or less doesn't make me think the trend on the monthly is going to change right now.

Why does everyone want to pick a top or bottom? I know "trend is your friend" isn't always true, but it takes a lot of force to stop a speeding bullet train and get it to switch directions.

Cory
  • #2,505
  • Aug 4, 2011 8:06pm Aug 4, 2011 8:06pm
Quoting Cbh123
Thanks I appreciate the response and see why some might now.

Personally I wouldn't go near a long at this point. A double bottom on a timeframe of h4 or less doesn't make me think the trend on the monthly is going to change right now.

Why does everyone want to pick a top or bottom? I know "trend is your friend" isn't always true, but it takes a lot of force to stop a speeding bullet train and get it to switch directions.

Cory
There are many ways to separate the proverbial kitty from it's skin, top and bottom picking offers a trader the best R:R, which is why some try, but it's not everyone's cup of tea, generally in the markets the more confirmation one needs, the more it costs, but tis' the safer play.

regards
  • #2,506
  • Aug 4, 2011 8:26pm Aug 4, 2011 8:26pm
OK....Just a word of caution to the long's. USD/CHF is going to test the .75 handle...break thru it and hit .7480 zone.....thats when you should go long!! its going to do this tomorrow. Your probably thinking "WHAT" "WHY" "NOOOOO"! YES! YES! YES!.......here is why. Little birdie informed me the NFP tomorrow morning BAD...or "ok" or forcasted is going to drive down the USD/CHF to ALL TIME LOWS!! We NEED a stellar performance from the NFP tomorrow...and I mean STELLAR!!!! for the USD/CHF to flip the switch.

I WARNED ALL LONGS!!! LET ME SAVE YOU MONEY!!! COVER!! and COVER SOON! UNLESS U ARE SERIOUSLY BETTING THE NFP TOMORROW IS GOING TO BE 200 OR EVEN 300 +

Just trying to save a fellow retailer cash!!
Don't be fooled by randomness
  • #2,507
  • Aug 4, 2011 11:52pm Aug 4, 2011 11:52pm
frothy, where do you see the entry point.
  • #2,508
  • Aug 4, 2011 11:55pm Aug 4, 2011 11:55pm
scrap that......something heavy going on......not sure..usd/jpy intervention or something...
Don't be fooled by randomness
  • #2,509
  • Aug 4, 2011 11:57pm Aug 4, 2011 11:57pm
so you dont anticipate 7480?
  • #2,510
  • Aug 5, 2011 12:04am Aug 5, 2011 12:04am
I do anticipate .7480.....but wait until after nfp i would suggest....but if you got balls like me...you would be shorting this little spike up...
Don't be fooled by randomness
  • #2,511
  • Aug 5, 2011 12:12am Aug 5, 2011 12:12am
Quoting frothy
OK....Just a word of caution to the long's. USD/CHF is going to test the .75 handle...break thru it and hit .7480 zone.....thats when you should go long!! its going to do this tomorrow. Your probably thinking "WHAT" "WHY" "NOOOOO"! YES! YES! YES!.......here is why. Little birdie informed me the NFP tomorrow morning BAD...or "ok" or forcasted is going to drive down the USD/CHF to ALL TIME LOWS!! We NEED a stellar performance from the NFP tomorrow...and I mean STELLAR!!!! for the USD/CHF to flip the switch.

I WARNED ALL LONGS!!!...

lol yup it might happen if news today for usa are bad.But if not then bye bye your low
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #2,512
  • Aug 5, 2011 12:28am Aug 5, 2011 12:28am
of course its bad. but the government and our media has done a great job manufacturing numbers and news. i don't trust anything or anyone.

my question wasnt one of doubt, but one of technicals. i can short now too if i have a stop of 80 pips. where is the entry short.
  • #2,513
  • Aug 5, 2011 12:49am Aug 5, 2011 12:49am
possible short
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 08.04.png Size: 59 KB
  • #2,514
  • Aug 5, 2011 12:52am Aug 5, 2011 12:52am
Quoting frothy
OK....Just a word of caution to the long's. USD/CHF is going to test the .75 handle...break thru it and hit .7480 zone.....thats when you should go long!! its going to do this tomorrow. Your probably thinking "WHAT" "WHY" "NOOOOO"! YES! YES! YES!.......here is why. Little birdie informed me the NFP tomorrow morning BAD...or "ok" or forcasted is going to drive down the USD/CHF to ALL TIME LOWS!! We NEED a stellar performance from the NFP tomorrow...and I mean STELLAR!!!! for the USD/CHF to flip the switch.

I WARNED ALL LONGS!!!...
Thanks for the tip... will watch it closely!!!
  • #2,515
  • Aug 5, 2011 1:21am Aug 5, 2011 1:21am
Attached
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  • #2,516
  • Aug 5, 2011 2:11am Aug 5, 2011 2:11am
Quoting sdcasper
possible short
possible long?

nice spike up to 0.7738
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #2,517
  • Aug 5, 2011 2:49am Aug 5, 2011 2:49am
So here we go with deflation again. CPI -0.8%. EUR/CHF will be at 1.40 next year again.
  • #2,518
  • Aug 5, 2011 5:39am Aug 5, 2011 5:39am
The break yesterday @ 7653 made a few pips, may try for another short on a break of 0.76141 if the set up stays the same.


pip
Follow The Markets Structure - Patience and Discipline
  • #2,519
  • Aug 5, 2011 7:14am Aug 5, 2011 7:14am
I believe that is a pin top that stretch to .7740 and now a small cup on the 15...heading to .7480? Slowly trending down on the 15. The last 8 of 11 nfp releases have been bearish....
Don't be fooled by randomness
  • #2,520
  • Aug 5, 2011 8:12am Aug 5, 2011 8:12am
not even nfp can push this puppy higher........clear short from here on in........ nothing left to go higher until we here bernanke speak....but what is he gonna say? he has no more bullets. Best to short for capitulation. that will be when usd/chf crashes.
Don't be fooled by randomness
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