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USD/CHF

  • #3,761
  • Jan 13, 2014 11:25pm Jan 13, 2014 11:25pm
Quoting selym_co
I know monthly charts are just too big for most of us , but it is a good way to see pure trend direction in bigger timeframes , and when we look at the monthly chart on USDCHF we can see a nice Head and Shoulders pattern with the bearish formations .. {image} On the other side I used circles in order to understand the structure of the bearish trend which started almost 12 years ago , and what I can see now is a significant circular support is broken and the price is sinking down to form a circular double bottom. Here are the screenshots for it......

Swissy moves in sink with the Euro
800 is 1k pips down means 1.46 Euro
Not a good probability scenario.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #3,762
  • Jan 13, 2014 11:26pm Jan 13, 2014 11:26pm
Quoting lamp
@davit - where can i locate the news indicator you have in the bottom left of your window?

there you go
make sure click allow DLL
Attached File(s)
File Type: ex4 FFCal Headlines.ex4   36 KB | 279 downloads
In trading, you have to be defensive and aggressive at the same time
  • #3,763
  • Jan 13, 2014 11:34pm Jan 13, 2014 11:34pm
Quoting iNSIELD
{quote} yup my friend just started building around .9 will continue to build lower. Do we close on a daily close below the lows? I think that would be the uh oh moment for me other than that I would feel real confident continuing to build my position
Added 2 more positions on USD/CHF at 90
long

Just don't panic when it dives.Remember we build positions incrementally never all at once.
In trading, you have to be defensive and aggressive at the same time
  • #3,764
  • Jan 14, 2014 12:01am Jan 14, 2014 12:01am
Hello US/CHF

Yeah I only take longs in this pair

Long at 0.90 0.92TP

Pending long 0.88 an 0.89 TP 92

thinking 0.89 might have been a better spot

Find out soon enough:nerd:
  • #3,765
  • Jan 14, 2014 12:04am Jan 14, 2014 12:04am
Quoting eliteincome
Hello US/CHF Yeah I only take longs in this pair Long at 0.90 0.92TP Pending long 0.88 an 0.89 TP 92 thinking 0.89 might have been a better spot Find out soon enough:nerd:

plan on worse case scenario and work backwards adjusting your lot size.
regards
In trading, you have to be defensive and aggressive at the same time
  • #3,766
  • Jan 14, 2014 1:12am Jan 14, 2014 1:12am
Quoting Davit
{quote} there you go make sure click allow DLL {file}
THANKS!
  • #3,767
  • Jan 14, 2014 4:02am Jan 14, 2014 4:02am
Quoting Davit
{quote} Swissy moves in sink with the Euro 800 is 1k pips down means 1.46 Euro Not a good probability scenario. Regards

1,46 EUR is possible too Time will show everything ...
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #3,768
  • Jan 14, 2014 2:32pm Jan 14, 2014 2:32pm
usdchfh1
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh1.png Size: 54 KB
THERE IS NO SYSTEM
  • #3,769
  • Edited 7:48pm Jan 14, 2014 7:32pm | Edited 7:48pm
Quoting samansadeghi
usdchfh1 {image}

Hi Sam
Did not ignore your chart on journal but found it perplexing.If you could provide exactly what is that interest you in the chart we can go into it deeper
Just by looking point 1 does not look harmonically placed.
regards

Update
I am about 70pips x2positions in profit on longs but aiming for 91
Moved SL to protect profits at 9040
In trading, you have to be defensive and aggressive at the same time
  • #3,770
  • Jan 14, 2014 9:03pm Jan 14, 2014 9:03pm
closed all my longs
+240pips on both accounts combined
Trades are identical
Will go long again once 90 or below
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.h1.png Size: 29 KB
In trading, you have to be defensive and aggressive at the same time
  • #3,771
  • Jan 15, 2014 3:46am Jan 15, 2014 3:46am
upside targets for me still remain at mid 92's. 200 daily sma is located there. Todays action suggest more strength to come.
Weekly has performed a reversal 2 weeks ago so believe the long term low is in place from 27th /dec.
  • #3,772
  • Jan 15, 2014 11:01am Jan 15, 2014 11:01am
Daily chart usd/chf downtrend channel breakout
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 70 KB
  • #3,773
  • Jan 15, 2014 7:11pm Jan 15, 2014 7:11pm
Long on the breakout trailing stop loss.

Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh1.png Size: 43 KB
  • #3,774
  • Jan 15, 2014 9:53pm Jan 15, 2014 9:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: UCH.png Size: 88 KB
  • #3,775
  • Jan 16, 2014 2:10pm Jan 16, 2014 2:10pm
Limit longs
2x90
2x 8980
2x8960
In trading, you have to be defensive and aggressive at the same time
  • #3,776
  • Jan 16, 2014 5:05pm Jan 16, 2014 5:05pm
I still think that there will be strong bearish clouds all over USD in the following months. I can show two charts confirming this bearish pressure. One of them is DXY monthly chart and the other one is the USDLFX chart which are telling that there is a biiiiig possibility of a huge bearish trend in the following months. Ofcourse this does not mean that we cannot make pips with the little daily bullish trends , but what I want to say is : bears might be quite dominant in the following months.

First one : DXY monthly chart. The candle formations at the breakout are meaningful ...

http://img35.imageshack.us/img35/5489/uiue.png


Second one : USDLFX chart which just encountered a resistence this month.

http://img4.imageshack.us/img4/9084/ha42.png


Imagination rules the world ...
Selym Hyll Return This Year: na
  • #3,777
  • Jan 16, 2014 5:15pm Jan 16, 2014 5:15pm
It's very unclear what's the next move... it's starting to wedge. Last good trade was above .9 - .91, quick easy in and out which I believe Davit took. Now I think it's best to sit on your hands and wait for the move to unfold itself... I am waiting for
a possible strong uptick above .9125... if follows through, look for .925

But atm... it's still macro bearish

-Inside bar on weekly & below 20ema
-Daily is controlled by downtrend 100dma, but in congestion above 20/50dma... hard to have strong conviction on both sides.

Going to wait it out or till .9125 spikes...
  • #3,778
  • Jan 16, 2014 5:26pm Jan 16, 2014 5:26pm
Quoting Davit
Limit longs 2x90 2x 8980 2x8960

I got a long in play after seeing the rejection off 9050, going to try for 91 again here. Not working so atm but stop is 9030. Intra day timeframes are leaning more on the bullish side however daily is not quite there yet.
All posts are my personal opinion
  • #3,779
  • Jan 16, 2014 5:50pm Jan 16, 2014 5:50pm
Orientexpress
Rtm
Key for this pair is on Euro and it is struggling to get up.I love to see 37 again which would lower Swissy 90 or under perfect set up.

No disrespect to Selym but he is using circular COG rings which usually always look good after the fact.Saying next 2 months will be extreme weakness for US dollar is not looking at the facts of Feds easing and economy getting better.I just don't see it.
In trading, you have to be defensive and aggressive at the same time
  • #3,780
  • Jan 16, 2014 6:08pm Jan 16, 2014 6:08pm
Quoting Davit
Orientexpress Rtm Key for this pair is on Euro and it is struggling to get up.I love to see 37 again which would lower Swissy 90 or under perfect set up. No disrespect to Selym but he is using circular COG rings which usually always look good after the fact.Saying next 2 months will be extreme weakness for US dollar is not looking at the facts of Feds easing and economy getting better.I just don't see it.

You said it mate, look at the EURNZD, it is getting killed by NZD strength, so maybe not EURUSD your short but EUR crosses like EURCAD EURNZD are the trades to be in. 2months down, I cant say what could even happen. I am a trader
All posts are my personal opinion
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