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EUR/CHF

  • #1,121
  • Aug 17, 2011 5:05pm Aug 17, 2011 5:05pm
contemplating short to 1.12
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  • #1,122
  • Aug 17, 2011 5:18pm Aug 17, 2011 5:18pm
Quoting Unknownpips
contemplating short to 1.12
So you'd better hurry as you may miss that train.
Now it's good entry point with SL above 1.1500 or less agressive above 1.14200
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  • #1,123
  • Aug 18, 2011 4:50am Aug 18, 2011 4:50am
Good Morning Traders

When I went to my bed yesterday my short CADCHF position was “smiling” to me with nearly 1% in profits.
However I was aware that any CHF pairs are high-risk trades with SNB intervention around the corner.
Therefore I closed half and put my stop loss far away on breakeven.
Well, I couldn’t be more accurate. This morning Swiss Frank’s gone crazy with 125pips in ten minutes rampage.
My position wasn’t close and thankfully I can see frank is slowly giving back what it took overnite.

EURCHF
Any technical analysis on EURCHF is fairly rubbish as SNB can intervene anytime, but let's try...

As you can see despite all interventions and political climate EURCHF can’t break the ceiling and it’s sliding down towards triangle bottom (PINK LINE)
It’s crucial if EURCHF breaks or not the PINK support line.
If it breaks we can see dynamic move south, unless SNB will try to catch their fankie. Who the hell knows... ???

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  • #1,124
  • Aug 18, 2011 6:52am Aug 18, 2011 6:52am
reside to short .... what u thinks gyys...???????
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  • #1,125
  • Aug 18, 2011 8:29am Aug 18, 2011 8:29am
Quoting vimma
reside to short .... what u thinks gyys...???????
Good Vimma, keep yr eyes on 1.13600 as it could be tricky and difficult to break.
Might be some testing of support for a while...
But beware of SNB !!!!!
Those guys sit in their office and bite their nails how to turn your SHORT position into LONG one ;-)))
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  • #1,126
  • Aug 18, 2011 9:20am Aug 18, 2011 9:20am
Might be I am a chicken but guys I have rolled up my profits and closed my CHF position. I don't want to risk.

Pretty nice 2.50% (200pips) in 24 hours on CAD/CHF is enough for me.
I know that technical analysis shows wide open space to drop but I AM ABSOLUTELY SURE those guys in SNB will not sit, drink coffee and watch as their Frankie ruins Swiss economy.
I am expecting this time tough real intervention before end of the week or most likely, during weekend, as they used to do so on Saturdays…

Good Luck...
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  • #1,127
  • Aug 18, 2011 9:34am Aug 18, 2011 9:34am
thanks sir for ur ur suggestion...
  • #1,128
  • Aug 18, 2011 9:47am Aug 18, 2011 9:47am
down down down much room for down no intervention needed. this is part of fundamental trainning
  • #1,129
  • Aug 18, 2011 10:45am Aug 18, 2011 10:45am
thinking short:
http://www.kikkichimoku.com/home/201...ade-short.html

http://gyazo.com/328d2022b8e5115a21c6c5705546e2df.png
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  • #1,130
  • Aug 18, 2011 10:53am Aug 18, 2011 10:53am
yes sir agree wd u.. fundamentally anything can happened but charts say short......
  • #1,131
  • Aug 18, 2011 11:39am Aug 18, 2011 11:39am
That Massive move 2 hours ago hit my sl, good judgement halkins
  • #1,132
  • Aug 18, 2011 12:16pm Aug 18, 2011 12:16pm
Well, for those who'd like taking up some gambling and risk (before SNB intervetion, ha ha ha) here a clue:

Technical analysis favors going short, support becomes resistance and that is how it looks like now on 1H and 30M charts.
Good entry point for going short would be 1.13500 area. (Fibonacci, old support/resistance channel etc..)
But please be aware that Swiss Nat Bank will try to break your plans to go short. Anyway 1.50% possible gains till 1.1150
Who wants to try ;-))))) ???

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  • #1,133
  • Aug 18, 2011 1:02pm Aug 18, 2011 1:02pm
Quoting halkins
Well, for those who'd like taking up some gambling and risk (before SNB intervetion, ha ha ha) here a clue:

Technical analysis favors going short, support becomes resistance and that is how it looks like now on 1H and 30M charts.
Good entry point for going short would be 1.13500 area. (Fibonacci, old support/resistance channel etc..)
But please be aware that Swiss Nat Bank will try to break your plans to go short. [font=Verdana]Anyway 1.50% possible...
Yeh went short too around 1.1343. There may be a lot of stop orders that will trigger if SNB intervenes again. But there could be a large sink (shift in sentiment) to 1.12 at least if it drops the ny close around 1.130... lets hope no intervention yet.
  • #1,134
  • Aug 19, 2011 6:23am Aug 19, 2011 6:23am
Hi Fellow Traders

It looks like EURCHF found its support around 1.1240 and ressistance 1.1390
Very quite in media now about any SNB intervention… also quiet on EURCHF.

I tried shorting yesterday but was stopped out at 1.13900 spike with 20 pips loss.
If I set up my stop-loss couple of pips further I’d probably survived and grabbed nice profits.
Well… I hope some of you were lucky going SHORT and gained few pips

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  • #1,135
  • Aug 20, 2011 3:35am Aug 20, 2011 3:35am
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A chart helps those who can read it.
  • #1,136
  • Aug 20, 2011 4:49am Aug 20, 2011 4:49am
There is still room for some downwards move but SNB is already grumbling. So shorting isn't ideal at this moment (atleast in my view). However there are 2 points where one can go long. If support holds at around 1.115 and there is a clear move up then around 1.175 for 1st long. Second long would be where the 200sma crosses this down channel. Anticipating that to be at around 1.135 before the 50 sma crosses it as well.
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  • #1,137
  • Aug 20, 2011 9:22am Aug 20, 2011 9:22am
Quoting Unknownpips
There is still room for some downwards move but SNB is already grumbling. So shorting isn't ideal at this moment (atleast in my view). However there are 2 points where one can go long. If support holds at around 1.115 and there is a clear move up then around 1.175 for 1st long. Second long would be where the 200sma crosses this down channel. Anticipating that to be at around 1.135 before the 50 sma crosses it as well.
I agree...
For me all signals favor going short, either to close its current formation @ 1.1240 or going down 1.1150 or... even further south to close strong support/resistance @ 1.1000.
All charts (both EURCHF & USDCHF), 1 day charts, 4hour, 8H etc tell me to go SHORT…
But here it comes fear and greed ;-)))))
The fear of S.N.B. jumping out of the forest with some new intervention-shotgun overcomes my greed to gain few pips.
Well, if that was any other pair I wouldn’t hesitate so long and have been already in.
Enjoy weekend…

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  • #1,138
  • Aug 22, 2011 6:29am Aug 22, 2011 6:29am
EURCHF in consolidation…
It looks like the pair would like to test its previous highs & lows before leaving channel.
It could also try to touch 1.1374 and then reverse.
Good scenario for intra-day traders.
We'll see...

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  • #1,139
  • Aug 22, 2011 8:51am Aug 22, 2011 8:51am
Pair is touching trendline on the daily....
  • #1,140
  • Aug 22, 2011 11:40am Aug 22, 2011 11:40am
Wow... It was a nasty roller coaster for me today.
I was stopped out once above 1.1370 but jumped in again with wider stop-loss and survived.
I closed my position above 1.1300 because I can’t see any mid-trend established so far.
It’s still moving sideways so it’s better to leave before my profits turns into SL ;-)))
No big deal today... but life goes on.

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