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EUR/CHF

  • #11,201
  • Sep 24, 2013 6:48pm Sep 24, 2013 6:48pm
Quoting Lover Man
{quote} My 1.228 chunk was broken down into 2. Some at 1.2285 and some at 1.228. Due to all this talk of heading South I adjusted my Stop on the 1.2285 chunk to BE. This just got hit and therefore my position size has shrunk slightly. Price will probably head North now.
The Longing idea was not wrong, just like the shorting idea by another trader shorting EC. But the price you were longing was the wrong(1.2280), just like if another trader was shorting 1.2280 or 85, because reading what I posted today, longs must be located when price find stability on 1.23, the take profit would be 1.2330s, short trader must short on the same level as long as price does not find stability on 1.23, take profit would be 1.2250s and 1.2235-40.
You might turn to be right sometimes but that is predicting a bottom or top in other cases.
The best idea is to trade where the spikes are located(price starts from). Some name it options barriers.

The good word to describe my perfect trading is named POSITIONING.

No need to send you my profits when you can find your trading way starting from that word. Your profits will run and losses will cut.

A sport example can be: A Soccer Striker can never be successful without good positioning, this applies in many sports too.
Trade according to current market condition, not what you think would be.
  • #11,202
  • Sep 25, 2013 2:54am Sep 25, 2013 2:54am
http://i43.tinypic.com/2nixtfl.jpg
  • #11,203
  • Sep 25, 2013 3:02am Sep 25, 2013 3:02am
i hope the new trend is working...green line
  • #11,204
  • Sep 25, 2013 3:25am Sep 25, 2013 3:25am
Quoting daka
i hope the new trend is working...green line
Yes me too. Price has danced over 1.23 level during the night. As the green line rises it will eventually cross 1.23 and we will know. Probably this time tomorrow.
  • #11,205
  • Sep 25, 2013 6:55pm Sep 25, 2013 6:55pm
Quoting gloCalHelp
{quote} Hi, Sir J. Clinton, Only from your choosing EURCHF to trade, then I can judge you are really experienced and smart! you are really quite smart and inspired by sports, but do you really think your trade method is perfect? I think the spikes' lowest position is very difficult to judge! because there are often over 2 dash down but not only just 1 dash down. And is the Dash down most because WSM's eating-stop-loss? hope to be your friend.
Hey, I trade many pairs not just EC, go back to my posts archive. Started to post in several threads from few months ago when I had more time, but shortly after that my time had been very tight, and second because you can not follow your posts in many other threads, every minute a new folk pops to post a reply.
This thread is more stable in comments, and its nice to help others even if in one thread only.
However, it is never wrong if a trader focuses on one pair only instead of dozens, it is a trading plan strategy, some find it unnecessary to trade many when they can profit from one pair by understanding it well instead of spreading their concentration on others.

If my trading method is perfect or not, others can judge, you know my opinion

Had not understand your last sentence well, are you accusing the Wall Street Media or what ?

My system suggests EC can reach to the 1.2330 in some hours time, the 200 sma only that I do not use but keep a notice on, is the only obstacle, esp. after seeing EC for the first time from long ago under the 200sma, there must be a price stability above 1.2305 first to start talking about 1.2330s, other than that is possibly the 1.2270s tomorrow and Friday the 1.2250s and 1.2235-40
Trade according to current market condition, not what you think would be.
  • #11,206
  • Edited 3:27am Sep 26, 2013 2:26am | Edited 3:27am
my point of view is i agree with J.Clinton technically but on a fundamental point i see no reason for this pair to rally in any big way.

Debt ceiling talks in USA
No taper from the FED
Rumours of a Italian downgrade coming on friday (forexlive reported on monday i think)
Fail to rally off the 200 ma
Improving outlook in the eurozone although still not brilliant i know but eur/chf still cant rally
SNB not willing to weaken CHF more

All points lower to me
  • #11,207
  • Sep 26, 2013 2:30am Sep 26, 2013 2:30am
http://i42.tinypic.com/5x7itj.jpg
  • #11,208
  • Sep 26, 2013 2:33am Sep 26, 2013 2:33am
I bought some high leverage chunks yesterday on the green line and sold on the red line.
  • #11,209
  • Sep 26, 2013 2:46am Sep 26, 2013 2:46am
Quoting brinks
my point of view is i agree with J.Clinton technically but on a fundamental point i see no reason for this pair to rally in any big way. Debt ceiling talks in USA No taper from the FED Rumours of a Italian downgrade coming on friday (forexlive reported on monday i think) Failiure to rally off the 200 ma Improving outlook in the eurozone although still not brilliant i know All points lower to me
I am planning to buy on next monday (last day of month) or 1,2230-1,2250 level if we reach it before monday
  • #11,210
  • Edited 3:06am Sep 26, 2013 2:53am | Edited 3:06am
Quoting Simon73
{quote} I am planning to buy on next monday (last day of month) or 1,2230-1,2250 level if we reach it before monday

I'm finding it very difficult to see the value in trading this pair at all

The risk from here is that it goes back to 1.20

It would be very interesting to know how many big players have bought this year expecting 1.30 by year end.
  • #11,211
  • Sep 26, 2013 5:23am Sep 26, 2013 5:23am
Quoting J.Clinton
{quote}My system suggests EC can reach to the 1.2330 in some hours time, the 200 sma only that I do not use but keep a notice on, is the only obstacle, esp. after seeing EC for the first time from long ago under the 200sma, there must be a price stability above 1.2305 first to start talking about 1.2330s, other than that is possibly the 1.2270s tomorrow and Friday the 1.2250s and 1.2235-40
I can see a Short if we brake 1.228 aiming for 1.225 and below. But how do you determine if the brake is going to hold?
  • #11,212
  • Sep 26, 2013 1:19pm Sep 26, 2013 1:19pm
Added minilots at 200EMA,
Just hoveing over it going sideways now.

Brinks is right - Given the good EZ economy now but no EC rally just points to eventual falling back to the floor.
  • #11,213
  • Sep 26, 2013 3:44pm Sep 26, 2013 3:44pm
meanwhile CHFJPY is around 13 years high...good job Jordan
  • #11,214
  • Sep 26, 2013 6:02pm Sep 26, 2013 6:02pm
Quoting brinks
my point of view is i agree with J.Clinton technically but on a fundamental point i see no reason for this pair to rally in any big way. Debt ceiling talks in USA No taper from the FED Rumours of a Italian downgrade coming on friday (forexlive reported on monday i think) Fail to rally off the 200 ma Improving outlook in the eurozone although still not brilliant i know but eur/chf still cant rally SNB not willing to weaken CHF more All points lower to me
Don't think of the fundamental. If technically even God does not know how EC work, in between every 10 candles there are 5 doji's and the others hammers You want to compare EC price movement to fundamental, it will not work too.
A quick advice, EuroZone excellent data and all problems solved would not mean EC Up, Fed Taper would not mean EC UP, when the SNB want it up it will go up, unless anyone still believe that traders control the market price, it's all smart computers working in favor of the central banks my friends.
Traders who have millions of dollars accounts each and below do not effect the market, only the billions do.
Trade according to current market condition, not what you think would be.
  • #11,215
  • Sep 26, 2013 6:03pm Sep 26, 2013 6:03pm
Quoting Lover Man
I bought some high leverage chunks yesterday on the green line and sold on the red line.
That's smart to hedge if you gonna keep the longs for long time, take advantage of shorts profits in the time being.
Trade according to current market condition, not what you think would be.
  • #11,216
  • Sep 26, 2013 6:08pm Sep 26, 2013 6:08pm
Quoting Simon73
{quote} I am planning to buy on next monday (last day of month) or 1,2230-1,2250 level if we reach it before monday
Do not do that if EC price closes on Monday under 1.2265-70, instead short to 1.2150s.
It is best for EC Bulls that price bounces from the 1.2250s today and tomorrow. The worst can be 1.2235-40 but it must go back above 1.2265-70 on Monday close. That will find us after Monday trading the 1.2250s to 1.2330s next month.
Remember these sentences. Be Aware!!
Trade according to current market condition, not what you think would be.
  • #11,217
  • Sep 26, 2013 6:15pm Sep 26, 2013 6:15pm
Quoting Lover Man
{quote} I can see a Short if we brake 1.228 aiming for 1.225 and below. But how do you determine if the brake is going to hold?
How should the brake not hold when it's a brand new vehicle, for what I paid a fortune on it then

Same mistake again! The Short must had been 1.2300s. PA is the answer dude! Check back last candles, price hadn't been able to break the 1.2310 that is within the 1.2300s, implies no way to 1.2330s, instead down to 1.2270s first and 1.2250s or more possibly.
Trade according to current market condition, not what you think would be.
  • #11,218
  • Sep 27, 2013 12:51am Sep 27, 2013 12:51am
Quoting pipxster
meanwhile CHFJPY is around 13 years high...good job Jordan
yep makes a joke of the Swiss franc will continue to weaken forecast.
  • #11,219
  • Sep 27, 2013 6:05am Sep 27, 2013 6:05am
Quoting J.Clinton
{quote}instead down to 1.2270s first and 1.2250s or more possibly.
Thanks for these levels Clinton.

I opened a short this morning around the 1.227 level when price returned up to this level. I closed it at 1.225 before price collapsed down to 1.224. I'm all done for the week now.
  • #11,220
  • Sep 27, 2013 6:27am Sep 27, 2013 6:27am
Now the market is immune to SNB's speeches and their determination to weaken the CHF.
Speeches & publications from SNB hold less weight for trading fluctuations for now.

It breached the 200EMA deeply, last seen early April.

Sentiment wise, this last post SNB policy only reinforces the opposite of a gradual weakening of CHF.
The 'Utmost determination' may draw traders' interest again to test SNB's floor - for fun .
So it's true that J.Clinton says - even God don't know how the EC works...... no fundamentals or technicals or sentiment trading. Who knows, traders will just want to play with SNB's floor to test their 'determination' again....
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