EUR/CHF | Page 51 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/CHF

Similar Threads

GBP/CHF and USD/CHF 955 replies

Correlation EUR/USD, USD/CHF, EUR/CHF (Humour me please... Thx) 8 replies

EUR/CHF, USD/CHF turning up? 1 reply

Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies

Ranging pairs? EUR/CHF, EUR/GBP, AUD/CAD? 0 replies

Attachments: EUR/CHF
Exit Attachments

EUR/CHF

  • #1,001
  • Aug 4, 2011 2:47pm Aug 4, 2011 2:47pm
Hi Traders.
What do you think about this possible scenario:

EURCHF - quick retracement from 1,0850 to the target @ 1,10600 level
In 1,10600 zone it will touch (at the same time) resistance line and 70.60% Fibonacci, also 50% Fibonacci Fan...
Then I think the price should start to fall back to its previous lows.
Very nice risk - reward ratio. Nearly 2% possible profits…
Wait for support line to confirm !!! Confirmation signal required !!!
Stop Loss below 1.08200
If support line broken it's possible to touchdown on 1,0800 and then UP.
What do you think?

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF.jpg Size: 146 KB
Read Charts - Not Papers
  • #1,002
  • Aug 4, 2011 4:26pm Aug 4, 2011 4:26pm
Quoting halkins
Hi Traders.
What do you think about this possible scenario:

EURCHF - quick retracement from 1,0850 to the target @ 1,10600 level
In 1,10600 zone it will touch (at the same time) resistance line and 70.60% Fibonacci, also 50% Fibonacci Fan...
Then I think the price should start to fall back to its previous lows.
Very nice risk - reward ratio. Nearly 2% possible profits…
Wait for support line to confirm !!! Confirmation signal required !!!
Stop Loss below 1.08200
If support line broken it's possible to touchdown on...
you missed this by 100 pips,probably another 200 by 2morrow.
  • #1,003
  • Aug 4, 2011 4:31pm Aug 4, 2011 4:31pm
Quoting Xaron
Guys the SNB hasn't even really intervened yet. They will flood the market as if there is no tomorrow. They don't care about inflation anymore. It looks like the end of the world has been priced in. So NFP can almost likely only surprise on the up side.
end of the world you say ? i bet you that 9 people out of 10 didnt even know that us was on the brink of default and even further more that person who knew probably wouldnt give a f**k if hes not trading assets dealing with us dollar same would happen if Greece defaulted everyone would speak but you wouldnt care if your Jar of olives lost 10cents of its value
  • #1,004
  • Aug 4, 2011 4:55pm Aug 4, 2011 4:55pm
Quoting pinkiaiii
end of the world you say ? i bet you that 9 people out of 10 didnt even know that us was on the brink of default and even further more that person who knew probably wouldnt give a f**k if hes not trading assets dealing with us dollar same would happen if Greece defaulted everyone would speak but you wouldnt care if your Jar of olives lost 10cents of its value
I agree. My parents, my friends, my relatives... all dont give a shit about the markets, the exchanges and the currencies...

But I dont care what they think. For me forex is kind of like a thermometer for where the world as a whole is heading.

It can teach you a lot, because it makes you face the mechanisms of how the world is run (into the ground at this moment). I find those are valuable lessons for life.

The world will not end, even if currencies crash (its the natural end of every currency anyway) and cities burn (they dropped nuclear bombs on cities, and they are still populated by people).
Thats just the circle of life. So lets position ourselves well and look into the future with the willingness to create opportunities.
this pig cannot be slaughtered for ever... or can it?
  • #1,005
  • Aug 4, 2011 4:56pm Aug 4, 2011 4:56pm
Quoting pinkiaiii
end of the world you say ? i bet you that 9 people out of 10 didnt even know that us was on the brink of default and even further more that person who knew probably wouldnt give a f**k if hes not trading assets dealing with us dollar same would happen if Greece defaulted everyone would speak but you wouldnt care if your Jar of olives lost 10cents of its value
I agree with you, for those of us who are in the market and day trading we get a huge influx of data on the market everyday, all of which has a degree of impact on our speculative trades, but for the average joe thats not in the market, none of the latest developments made any difference to their daily lives, however we know about the impacts of inflations blah blah so we can protect ourselves whereas the average Joe will just get BURNED when the impact works its way down to main street as their "safe" 401k and "Mutual Funds" get hammered
  • #1,006
  • Aug 4, 2011 4:59pm Aug 4, 2011 4:59pm
Quoting georgem
But I dont care what they think. For me forex is kind of like a thermometer for where the world as a whole is heading.
It can teach you a lot, because it makes you face the mechanisms of how the world is run (into the ground at this moment). I find those are valuable lessons for life.
Couldn't have said it better myself, Forex is everything, its effects on every nations economy can be devastating ... it just takes a long time for its effects to reach down to family and friends and therefore they dont care about what we have to say until they are in the hole ... then they ask us "What happened, ... " "Why is this happening" and we can say... "well I can tell you, but it wont make a difference as its too LATE!"
  • #1,007
  • Aug 4, 2011 5:01pm Aug 4, 2011 5:01pm
Went long @ 1.077 ... TP @ 1.099
In hopes of another SNB intervention , verbal or actually
  • #1,008
  • Aug 4, 2011 5:03pm Aug 4, 2011 5:03pm
As you could see EURCHF didn’t generate support confirmation sign.
Instead it slid through support line, breaking even 1.0800 area.
It stopped at 1.0750 but this is too early now to confirm this as a new LOW.
Might be an Asian session will generate new signals, but this is too late for me to wait.
Therefore my retracement scenario has been denied and goes to the bin.
Tomorrow’s another day ;-))

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF.jpg Size: 128 KB
Read Charts - Not Papers
  • #1,009
  • Aug 4, 2011 5:04pm Aug 4, 2011 5:04pm
Quoting lambergino
...however we know about the impacts of inflations blah blah so we can protect ourselves whereas the average Joe will just get BURNED when the impact works its way down to main street as their "safe" 401k and "Mutual Funds" get hammered
Yes, forex made me a little paranoid... Nothing is safe, everything has a risk attached to it.

But its the way things are, so in reality, thats not paranoia, but preparedness!

Hope for the best, prepare for the worst...

thats what the average Joe doesnt get! They think the government will look after them, lol.... governments...
this pig cannot be slaughtered for ever... or can it?
  • #1,010
  • Aug 4, 2011 5:07pm Aug 4, 2011 5:07pm
Quoting lambergino
I agree with you, for those of us who are in the market and day trading we get a huge influx of data on the market everyday, all of which has a degree of impact on our speculative trades, but for the average joe thats not in the market, none of the latest developments made any difference to their daily lives, however we know about the impacts of inflations blah blah so we can protect ourselves whereas the average Joe will just get BURNED when the impact works its way down to main street as their "safe" 401k and "Mutual Funds" get hammered
that's true i know handful of people who bought shitboxes for 300k on a 30 year mortgages,to repay 400k on the same soo called houses,when the value in the last four years dropped 200k,so the person is left owing the banks 300k for his entire life.And there are few people who had mortgagees before the bubble and were able to sell their houses x4 what they owed to the banks,yet again to buy another overpriced property which they couldn't afford otherwise.Otherwise you loose money to inflation except forex works in cycles so if you hold long enough eventually you'll break even,unless there's some kind of leverage involved,that's where u get burned.
  • #1,011
  • Aug 4, 2011 5:09pm Aug 4, 2011 5:09pm
Quoting georgem
Hope for the best, prepare for the worst...

thats what the average Joe doesnt get!
Hope for the best ... is all the average Joe does... if even that.
They don't even understand the concept of the "worst" never mind preparing for it

I'm glad I got physical silver and gold reserves in a safety box instead of a fat fiat savings account at my bank.
  • #1,012
  • Aug 4, 2011 5:12pm Aug 4, 2011 5:12pm
I think the Euro finally found support...
  • #1,013
  • Aug 4, 2011 5:14pm Aug 4, 2011 5:14pm
Quoting georgem
Yes, forex made me a little paranoid... Nothing is safe, everything has a risk attached to it.

But its the way things are, so in reality, thats not paranoia, but preparedness!

Hope for the best, prepare for the worst...

thats what the average Joe doesnt get! They think the government will look after them, lol.... governments...
SO according to you Government is chosen to do what? and why the F**8 then you have to pay 20% tax on everything you earn or buy.
  • #1,014
  • Aug 4, 2011 5:19pm Aug 4, 2011 5:19pm
Quoting pinkiaiii
SO according to you Government is chosen to do what? and why the F**8 then you have to pay 20% tax on everything you earn or buy.
Governments are taxfarmers, and we are their livestock.

Inserted Video
this pig cannot be slaughtered for ever... or can it?
  • #1,015
  • 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.
  • #1,016
  • Aug 5, 2011 3:45am Aug 5, 2011 3:45am
And there i was thinking that intervention would hold! Or they would do it again like they said... CRAP!!! that high was real nice time to buy huh? Ah well, you can only do what makes sense at the time...
  • #1,017
  • Aug 5, 2011 3:57am Aug 5, 2011 3:57am
Quoting Jazznos
And there i was thinking that intervention would hold! Or they would do it again like they said... CRAP!!! that high was real nice time to buy huh? Ah well, you can only do what makes sense at the time...
They haven't even intervened yet. That was only verbal intervention.
  • #1,018
  • Aug 5, 2011 4:10am Aug 5, 2011 4:10am
Quoting Xaron
They haven't even intervened yet. That was only verbal intervention.

i thought they would whack it up with backdrop of worse swiss data... am disappointed... seems like they are watching NFP as well..
  • #1,019
  • Aug 5, 2011 4:12am Aug 5, 2011 4:12am
Quoting MarcPeanut
i thought they would whack it up with backdrop of worse swiss data... am disappointed... seems like they are watching NFP as well..
I guess they will intervene during the NFP because at that time the markets dry out and they will have maximum impact without spending too much money.
  • #1,020
  • Aug 5, 2011 4:15am Aug 5, 2011 4:15am
Quoting Xaron
I guess they will intervene during the NFP because at that time the markets dry out and they will have maximum impact without spending too much money.

bloomberg ran a program over the weekend covering swiss tourism and how europeans are shying away from it becoz of strong franc
SNB lost 20bil trying to defend eur/chf... lets hope they have some more money left
1 trader viewing now