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EUR/CHF

  • #1,101
  • Aug 12, 2011 4:30am Aug 12, 2011 4:30am
allright getting close R 1.0813~

I will make an entry here for a short, lets see how it plays.
  • #1,102
  • Aug 12, 2011 4:53am Aug 12, 2011 4:53am
OK I will join for some action now with the 1H candle closing and I just snipred a short, but will wait some minutes too see now.
  • #1,103
  • Aug 12, 2011 5:00am Aug 12, 2011 5:00am
Hi Guys, I would like to share one technique that I used first time yesterday on EURCHF.
It is so called “stop-loss hunting”.

All we know that above/below support&resistance lines traders used to place their stop orders.
When price gets into this area a chain reaction is triggered closing orders one after another and this way a long and dynamic candle is created.

So yesterday I placed order to go LONG @ 1.09050, even though the price was then oscillating around 1.0800.
My take profit was set up on 1.09700
This morning I was nicely surprised to have 650 CHF locked up in profits in just 20 minutes of trading. All without watching and chasing the market.

Do you think it was kind of luck or maybe some of you have been using this technique before?
It is better described in my previous post on page 73...

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  • #1,104
  • Aug 12, 2011 5:35am Aug 12, 2011 5:35am
It looks like some nice going SHORT pattern has formed...
Nice "take Profit" area possibly down to 1.0700, or at least 1.0900
I'd be going SHORT when price retrace back to 1.1000 area.

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  • #1,105
  • Aug 12, 2011 6:14am Aug 12, 2011 6:14am
I'm going to start looking for shorts around 1.1300.
This retracement could last a little longer yet. Although I'm not buying at this point.

EUR/CHF H4
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  • #1,106
  • Aug 12, 2011 7:28am Aug 12, 2011 7:28am
Waiting for economic announce in 3 minutes, relax!

Happy Trading!
  • #1,107
  • Aug 14, 2011 10:48am Aug 14, 2011 10:48am
targets for the franc intervention:

"Lukas Gaehwiler, head of UBS AG’s Swiss operations, told SonntagsZeitung in an interview published today that the SNB has “better chances of success” with interventions, given the current exchange rate. Policy makers would have to be ready to spend “several hundred billions of francs or more” and introduce a lower limit of 1.25 or 1.30 versus the euro, he said."

http://www.businessweek.com/news/201...tung-says.html
  • #1,108
  • Aug 14, 2011 4:56pm Aug 14, 2011 4:56pm
It took a long time for the Swiss to wake up but finally they start to play with the same cards as the rest of the world.

http://www.nzz.ch/nachrichten/wirtsc....11907442.html

Fasten the seat belts if that comes true.
  • #1,109
  • Aug 15, 2011 12:25am Aug 15, 2011 12:25am
Is the EUR/CHF downtred finally ended ?

Quoting Pipstrumpf
It took a long time for the Swiss to wake up but finally they start to play with the same cards as the rest of the world.

http://www.nzz.ch/nachrichten/wirtsc....11907442.html

Fasten the seat belts if that comes true.
Enter Signature
  • #1,110
  • Aug 15, 2011 1:06am Aug 15, 2011 1:06am
downtrend lasting since 2007., 4 years.
Why would the next time was different, what has changed?
SNB interventions in waves? ... too high a risk
  • #1,111
  • Aug 15, 2011 1:14am Aug 15, 2011 1:14am
Quoting zenoni
Is the EUR/CHF downtred finally ended ?
SNB usually does what it plans to do.

So we will see 1.3 - 1.4 very soon.

But then, how long the SNB will be able or willing to fight for this level... who knows... this will be INCREDIBLY expensive for them if the run for chf-safe-haven is still active then.

They hope the safe haven status will vanish by then.... i dont think so.

Or they know something we dont know.... namely that most safe haven buyers of chf, have bought. And that the big chf buying has come to an end?

Maybe physical gold is unbeatable now! As the ultimate safe haven.

So we can say: EUR CHF will get to 1.3 - 1.4 and have finally joined the club of worthless fiat money.
this pig cannot be slaughtered for ever... or can it?
  • #1,112
  • Aug 15, 2011 1:26am Aug 15, 2011 1:26am
Quoting peaches
targets for the franc intervention:

"Lukas Gaehwiler, head of UBS AG’s Swiss operations, told SonntagsZeitung in an interview published today that the SNB has “better chances of success” with interventions, given the current exchange rate. Policy makers would have to be ready to spend “several hundred billions of francs or more” and introduce a lower limit of 1.25 or 1.30 versus the euro, he said."

http://www.businessweek.com/news/201...tung-says.html
Looks like they've edited the article to remove your quote you've put in bold
  • #1,113
  • Aug 15, 2011 6:56am Aug 15, 2011 6:56am
Took a short looking for 400 pip or so target

Entry @ 1.13053

TP #1 1.11093 (ADR Low)
TP #2 1.10184 (200 EMA)
TP #3 1.08786 (800 EMA)
TP #4 1.06843 (12th Aug's Low)

Also looking for the gap to be filled too, towards the ADR's low

Do good stuff

Steve
  • #1,114
  • Aug 15, 2011 9:48am Aug 15, 2011 9:48am
OK, someone give this a kick in the rear end.

calling all Market Makers, push this sucker down some so I can go and do something else
  • #1,115
  • Aug 15, 2011 10:25am Aug 15, 2011 10:25am
Quoting the-game
Looks like they've edited the article to remove your quote you've put in bold

This is very funny, because the statement was there, and I thought myself it was pretty silly to anounce this target. Well, so far for free journalism.

next time I took a screenshot.
  • #1,116
  • Aug 16, 2011 2:16am Aug 16, 2011 2:16am
Quoting SystemFX2011
Took a short looking for 400 pip or so target

Entry @ 1.13053

TP #1 1.11093 (ADR Low)
TP #2 1.10184 (200 EMA)
TP #3 1.08786 (800 EMA)
TP #4 1.06843 (12th Aug's Low)

Also looking for the gap to be filled too, towards the ADR's low

Do good stuff

Steve
We could see 1.15-1.16 before it drops back down for a serious correction.
  • #1,117
  • Aug 16, 2011 6:42am Aug 16, 2011 6:42am
anybody here use 3sMAs?
any analysis on this pair?
  • #1,118
  • Aug 17, 2011 2:59am Aug 17, 2011 2:59am
It looks like that EUR/CHF downtrend is bottomed and there are a strong political support via SNB interventions. http://www.forexfactory.com/news.php?do=news&id=310146
Enter Signature
  • #1,119
  • Aug 17, 2011 3:01am Aug 17, 2011 3:01am
Quoting skiffx
We could see 1.15-1.16 before it drops back down for a serious correction.
Now thats a call!! Can I borrow your crystal ball pls!!
  • #1,120
  • Aug 17, 2011 8:01am Aug 17, 2011 8:01am
Hi Traders
yes, I know it's not EURCHF but I think it worth a closer look on this Swiss Frank trade anyway... :-)))

CHF/CAD short entry...
All CHF pairs are high-risk pairs to trade now as SNB is unpredictable with their interventions to save frank.
However I see a possible short term retracement on CHFCAD.
Nice risk - reward ratio, nearly 6% open space to reach 50% Fibonacci of last leg form 0.7110 - 0.8110
Worth to try… don't you think?

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