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GBP/CHF and USD/CHF

  • #761
  • Aug 9, 2011 11:50am Aug 9, 2011 11:50am
Quoting Geene
long 1524
TP 1560 ( +36 )
Trader from Croatia
  • #762
  • Aug 9, 2011 12:04pm Aug 9, 2011 12:04pm
Any chance for a bounceback of atleast 100pips on gbp/chf?
  • #763
  • Aug 9, 2011 4:58pm Aug 9, 2011 4:58pm
Quoting Geene
TP 1560 ( +36 )
Geez, hope you stayed in a bit longer from that!
Im short now from 177... hopefully its at the high...
  • #764
  • Aug 9, 2011 4:59pm Aug 9, 2011 4:59pm
Quoting Jazznos
Geez, hope you stayed in a bit longer from that!
Im short now from 177... hopefully its at the high...
Getting ready to short here, just need confirmation of all my rules.

Hope it goes well for you.
  • #765
  • Aug 9, 2011 5:07pm Aug 9, 2011 5:07pm
Quoting Cbh123
Getting ready to short here, just need confirmation of all my rules.

Hope it goes well for you.
Thanks bro. Added another at 1781. Looking good so far
Cant believe i looked at it last night around 1.21 and higher thinking "it cant go down more, with these intervention rumours!" meanwhile, 700+ pips later!
  • #766
  • Aug 9, 2011 5:33pm Aug 9, 2011 5:33pm
Quoting Cbh123
Getting ready to short here, just need confirmation of all my rules.

Hope it goes well for you.
How can you be certain of short especially when the bottom is ever caving in... surely it will cease at one point? Any chart indications?

Doji on 1H developing... could be downtrend.
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  • #767
  • Aug 9, 2011 5:44pm Aug 9, 2011 5:44pm
Quoting Unknownpips
How can you be certain of short especially when the bottom is ever caving in... surely it will cease at one point? Any chart indications?

Doji on 1H developing... could be downtrend.
Personally Im mainly selling the rally. Look back at your chart! Goes down more than a $2 ho! LOL That intervention as someone above said was barely a speedbump on the way. That being said another one has been talked about and could happen anytime, who knows... As far as I can see selling rallies on this and other chf pairs has been one of the easiest and safest trades in forex.

Hard to go on much eg S/R when youre in literally uncharted territory, but Im going by my fibs for retracements and profit targets, and so far so good.
  • #768
  • Aug 9, 2011 5:50pm Aug 9, 2011 5:50pm
Quoting Jazznos
Hard to go on much eg S/R when youre in literally uncharted territory, but Im going by my fibs for retracements and profit targets, and so far so good.
Yeh but I was just wondering what fibs to go by, its kind of hard. I was looking to short at 1.1850 (on my chart the next retracement up). Excuse the pun but it is uncharted territory
  • #769
  • Aug 9, 2011 5:52pm Aug 9, 2011 5:52pm
Quoting Unknownpips
How can you be certain of short especially when the bottom is ever caving in... surely it will cease at one point? Any chart indications?

Doji on 1H developing... could be downtrend.
Hi Unkownpips,

I still haven't got confirmation here, I'll try to remember to post when I get do though. Right now these two pairs are still the most promising as far as a trend, so I will continue to short them until my rules tell me to look at another pair.

Cheers,

Cory
  • #770
  • Aug 9, 2011 5:57pm Aug 9, 2011 5:57pm
Quoting Cbh123
Hi Unkownpips,

I still haven't got confirmation here, I'll try to remember to post when I get do though. Right now these two pairs are still the most promising as far as a trend, so I will continue to short them until my rules tell me to look at another pair.

Cheers,

Cory
Hi Cory, what confirmation would have you go in, if youre happy to share? Breakout below this channel eg?
  • #771
  • Aug 9, 2011 6:01pm Aug 9, 2011 6:01pm
Quoting Jazznos
Hi Cory, what confirmation would have you go in, if youre happy to share? Breakout below this channel eg?
Yeh much love if you could. Im looking at 1.172
  • #772
  • Aug 9, 2011 6:07pm Aug 9, 2011 6:07pm
Quoting Jazznos
Hi Cory, what confirmation would have you go in, if youre happy to share? Breakout below this channel eg?
I'd rather not go into specifics, but one of my rules is I only enter if stochastics on a couple time frames look how I want them to Chances are I'll have confirmation about the same time we break out of the channel in this case (assuming we do).

Cory
  • #773
  • Aug 9, 2011 6:17pm Aug 9, 2011 6:17pm
Quoting Cbh123
I'd rather not go into specifics, but one of my rules is I only enter if stochastics on a couple time frames look how I want them to Chances are I'll have confirmation about the same time we break out of the channel in this case (assuming we do).

Cory


Bloody hope so! first SL is 183, then 1840, which it could get up to, which will really piss me off!!
  • #774
  • Aug 9, 2011 9:49pm Aug 9, 2011 9:49pm
Wow, still no trade for me. I'm going to be in about 15 min. if it hasn't happened yet.

Cory
  • #775
  • Aug 9, 2011 9:55pm Aug 9, 2011 9:55pm
Quoting Cbh123
Wow, still no trade for me. I'm going to be in about 15 min. if it hasn't happened yet.

Cory
Yeah tell me about it... its starting to make me nervous. Im loaded up to the gills on shorts now so it better make a move that way! Hope this channel isnt because everyones heard some news that we havent...! I guess if that were true it would have moved by now... hmmmm
  • #776
  • Aug 9, 2011 10:35pm Aug 9, 2011 10:35pm
OH CRAP this is not looking good
  • #777
  • Aug 9, 2011 10:45pm Aug 9, 2011 10:45pm
Quoting Jazznos
OH CRAP this is not looking good
Stay in there... SNB is intervening... again!!!
  • #778
  • Aug 9, 2011 10:53pm Aug 9, 2011 10:53pm
Quoting the-game
Stay in there... SNB is intervening... again!!!
Stay in? Ive been stopped out despite moving them outside my MM rules. Where did you read about intervention? or is that speculation?
  • #779
  • Aug 9, 2011 10:58pm Aug 9, 2011 10:58pm
Educated Speculation?

It was close to Frankfurt open and SNB have been known to do that recently because in their view, the CHF is overvalued at the moment, which is not a good thing for them.
  • #780
  • Aug 9, 2011 11:02pm Aug 9, 2011 11:02pm
Quoting the-game
Educated Speculation?

It was close to Frankfurt open and SNB have been known to do that recently because in their view, the CHF is overvalued at the moment, which is not a good thing for them.
Yeah i dunno mate, seems pretty mild (so far) compared to the last one! But that was a storm in a teacup in the end, even though it cost me money like this one just did... we'll see what happens closer to UK open, if were going higher or not... Technically i have a rule not to trade after taking a loss this high, but sure would love to make that back! GL
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