Can anyone explain what the effect of US bond auction is on this pair?
- #3,522
- Jul 11, 2013 1:52am Jul 11, 2013 1:52am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
Today CHF is getting stronger and stronger to other currencies (e.g. AUD). We should soon see the same on USDCHF, I'm short 0.97208.
- #3,526
- Jul 18, 2013 1:40am Jul 18, 2013 1:40am
- | Joined Mar 2013 | Status: SMART TRADES ONLY! | 675 Posts
After the FOMC last week, the swissy has been gaining against the USD evidenced by the 300 pips drop.
Looking at it technically, the pair has been rejected off the EMA 20 twice already and after a price correction the pair is approaching the EMA 20 again and at the same time 0.9445, a region that has served as a fixed RS/SS several times already.
So a reversal bearish bar around this area may result to an excellent opportunity to go short. 
Danny
Looking at it technically, the pair has been rejected off the EMA 20 twice already and after a price correction the pair is approaching the EMA 20 again and at the same time 0.9445, a region that has served as a fixed RS/SS several times already.
So a reversal bearish bar around this area may result to an excellent opportunity to go short.
Danny
- #3,527
- Jul 26, 2013 12:42am Jul 26, 2013 12:42am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
http://i44.tinypic.com/2cdzuc0.png
USD-CHF (1 August 2013)
triangle pattern with very long candle became beginning of a new trend
also supported by stochastic and bolinger band
will NFP tomorrow makes this pattern to be continued ?
let's rock
USD-CHF (1 August 2013)
triangle pattern with very long candle became beginning of a new trend
also supported by stochastic and bolinger band
will NFP tomorrow makes this pattern to be continued ?
let's rock
- #3,530
- Aug 3, 2013 1:49am Aug 3, 2013 1:49am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Should be rejected right in that zone!
Thought that was the daily, need to check the daily, first...
Thought that was the daily, need to check the daily, first...
After the FOMC last week, the swissy has been gaining against the USD evidenced by the 300 pips drop. Looking at it technically, the pair has been rejected off the EMA 20 twice already and after a price correction the pair is approaching the EMA 20 again and at the same time 0.9445, a region that has served as a fixed RS/SS several times already. So a reversal bearish bar around this area may result to an excellent opportunity to go short.{image} Danny
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #3,531
- Aug 5, 2013 3:01am Aug 5, 2013 3:01am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
{image} USD-CHF (1 August 2013) triangle pattern with very long candle became beginning of a new trend
Gone to a better place
- #3,535
- Edited 4:12pm Aug 11, 2013 3:55pm | Edited 4:12pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Given that the SNB is pegging the Franc to the Euro and:
and:
(Thanks Forexlive)
I'm fairly bullish this pair off of .9200. I know I previously posted .9300 as a possibility but I can't be right all the time. (Here comes .9100 and .9000)
and:
I'm fairly bullish this pair off of .9200. I know I previously posted .9300 as a possibility but I can't be right all the time. (Here comes .9100 and .9000)
Gone to a better place
- #3,537
- Aug 11, 2013 6:43pm Aug 11, 2013 6:43pm
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
bought 0.9200...target 0.9800...SL 0.9168
- #3,538
- Aug 11, 2013 11:45pm Aug 11, 2013 11:45pm
{quote} @zodiak: Excellent entry, just remember to take some profit along the way to your target. My final target is 0.9400.
tnx...will monitor position..hope this double bottom on weely will work pretty fine
- #3,540
- Aug 12, 2013 2:52am Aug 12, 2013 2:52am
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
{quote} tnx...will monitor position..hope this double bottom on weely will work pretty fine
It's a Demand Zone Trade which has not been breached, even though the demand zone is not fresh, your trade is still a high probability trade.
Just make sure to take some profit at the resistance levels on the way up.
It's very important to managing your risk on your trade and you do that by consistently, without question or second thought, take some of the profits off the trade.
Right now you are up 73 pips from your original entry at 0.9200
My target still remains 0.9400
Your target is 0.9800, you've stated.
Happy Trading