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EUR/CHF

  • #11,461
  • Jan 14, 2014 9:24am Jan 14, 2014 9:24am
It's time to go short with a stop - 1.23511 and take 1.222014.
  • #11,462
  • Jan 14, 2014 12:55pm Jan 14, 2014 12:55pm
Quoting J.Clinton
EC today's range 1.2290-1.2315/20(if want to over react, can be to 1.2325-30, no more). Play these levels to short top and long down, long there and sell on top. Trade like that. Do not imagine it will go more up or more down. Enjoy
EC Long Trade ended in big profit at 1.2330, short trade from there ended at breakeven. These are the days when the market acts madly.

Instead of being able to enjoy trading both sides trades of the market(long/short), happy to be out in such a day with good profit less risk.


Might find EC 1.2360s, 1.2310 support again when it must had been like that yesterday, what a laughable market!
Trade according to current market condition, not what you think would be.
  • #11,463
  • Jan 17, 2014 3:46pm Jan 17, 2014 3:46pm
another month another failed prediction about inflation arriving to the swiss:


DJ Swiss Dec Prod Import Price Index -0.4% YY; Seen At -0.3% YY
* DJ Swiss Dec Prod Import Price Index 0.0% MM; Seen At +0.1% MM
* DJ Swiss Dec Producer Price Index 0.0% On Mo
* DJ Swiss Dec Import Price Index 0.0% On Mo
* DJ Swiss Dec Producer Price Index -0.2% On Year
* DJ Swiss Dec Import Price Index -0.9% On Year
  • #11,464
  • Edited 9:08am Jan 23, 2014 7:34am | Edited 9:08am
I start to doubt about an increasing EURCHF-rate, when days with strong EUR-Zone-figures do not positively effect ERUCHF? What do we need more? Do we have to wait til the debt-ceiling-theatre in the US is solved?

I'm still and remain long...
  • #11,465
  • Jan 24, 2014 1:44pm Jan 24, 2014 1:44pm
Quoting Swissie
I start to doubt about an increasing EURCHF-rate, when days with strong EUR-Zone-figures do not positively effect ERUCHF? What do we need more? Do we have to wait til the debt-ceiling-theatre in the US is solved? I'm still and remain long...
Same as you, but for the past few weeks EC is strongly corrolated to UC. More over for EC to go up, we need indices to keep up (no comments) and a stable UJ (still no comments). Still long, buying ALL supports, cashing in at all resistances
  • #11,466
  • Jan 27, 2014 9:49am Jan 27, 2014 9:49am
did anybody noticed correlation between eurchf and US 10 year note futures?
it got really intense.
  • #11,467
  • Jan 28, 2014 4:18am Jan 28, 2014 4:18am
Hi guys,

Just opened a short position according to my system @ 1.22744
I trade from the technical site, so no fancy reasoning, looked like its heading south.

lets see how it goes
  • #11,468
  • Jan 31, 2014 2:23am Jan 31, 2014 2:23am
well guys i have 1 long position at 1.2288 which i open 1 week ago .What do you think about this pair for near future,will it go up or will drop another pips below
  • #11,469
  • Feb 1, 2014 7:41am Feb 1, 2014 7:41am
I still really believe in SNB 1.2000 floor, so my tactic is very simple, keep buying with stops at 1.1970.
Right now i have:
10 lots from 1.2226
10 lots from 1.2265
7 lots from 1.2320
2 lots from 1.2365
10 lots from 1.2373
-------------------------

Yes i risk at this pair lot of money, but on another hand i didnt loose any trade at this pair in last two years,
PT
My blog: forex-scalping.com | Exponencial money management is the key!
  • #11,470
  • Feb 2, 2014 8:32am Feb 2, 2014 8:32am
I have minilots bought downwards from 1.2300 every 20pips, increasing in value towards 1.21 and with more lots below 1.21. I admit I lack discipline and shorted sometimes and lost some money.

I also believe strongly in SNB's floor until they change their vocabulary away from 'utmost'. I'll be long all the way.

Till then wishing all traders the best in this pair.
  • #11,471
  • Feb 2, 2014 1:51pm Feb 2, 2014 1:51pm
Quoting ActionScalpr
I still really believe in SNB 1.2000 floor, so my tactic is very simple, keep buying with stops at 1.1970. Right now i have: 10 lots from 1.2226 10 lots from 1.2265 7 lots from 1.2320 2 lots from 1.2365 10 lots from 1.2373 ------------------------- Yes i risk at this pair lot of money, but on another hand i didnt loose any trade at this pair in last two years, PT

I trade similarly but try reducing your exposure.Think in % not in pips.Once you start thinking in terms of % then you can adjust lots in safe sane levels without having to worry about extreme drawdowns.
Green pips

Price is very close to my buy zone
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.daily.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #11,472
  • Feb 2, 2014 2:24pm Feb 2, 2014 2:24pm
Following Danthine's comments this morning, I think it's clear to anyone trading this pair that the cap is going to remain in place for the rest of 2014. I'm expecting to see some significant weakness during February as there is no sensible reason (even taking the EM sell off and additional liquidity requirements be Swiss lenders into account) for this pair to trade at 1.222x or below.

Currently long 20 lots, will top up another 20 if markets open below 1.222x
  • #11,473
  • Feb 3, 2014 1:02am Feb 3, 2014 1:02am
Quoting ActionScalpr
I still really believe in SNB 1.2000 floor, so my tactic is very simple, keep buying with stops at 1.1970. Right now i have: 10 lots from 1.2226 10 lots from 1.2265 7 lots from 1.2320 2 lots from 1.2365 10 lots from 1.2373 ------------------------- Yes i risk at this pair lot of money, but on another hand i didnt loose any trade at this pair in last two years, PT
This stupidity is what had talked about at past.

What professional trader opens such lot sizes and at that prices? Answer: none, Amateurs do.

Shameful to see you post here showing proud what you had done, giving an excuse "SNB will defend the peg"
It will defend 1.20 not 1.23

The problem relies in opened 39 lots at different prices and not closing it when price showed going down, which proves that you do not know what you're doing. A pair that had been moving between 1.21-1.24 for a year, 6 months of it was above 1.22 and under 1.24, if you can not know how it moves in a 200 pip range then you must quit trading as all not not only EC.

A professional trader is who opens 39 lot size(in your case) at 1.2350 take profit at right price at the right moment, open same lot at 1.2320 and TP, open at 1.2280 and TP, and so on(if you're just a EC Bull).

The question is not if EC will go back up to 1.2370 and more, but about why wait for comeback when can earn money even in the whole down movement from 1.2370 to 1.2225 that took only 2 days, plus can gain much more in the comeback from down to up there also.

The mastery of trading is knowing when to enter and when to exit the market.

No Trader can be right all the time, but the worst for a professional trader would be the ability to exit a floating loosing order at BE or some gain because the positioning of order by the trader technically helps in that.

Stop trading and start studying trading in general and EC technical in particular.
Trade according to current market condition, not what you think would be.
  • #11,474
  • Feb 3, 2014 1:16am Feb 3, 2014 1:16am
EC might head to 1.2190, under it will lead to recent low 1.2165-70, under there prepare for 1.2110s.

Up 1.2255 to 1.2280s-00, only above can open to 1.2370s

Stop opening orders stupidly and think.

Trade Safe.
Trade according to current market condition, not what you think would be.
  • #11,475
  • Feb 3, 2014 2:46am Feb 3, 2014 2:46am
Quoting JamesCaan
Following Danthine's comments this morning, I think it's clear to anyone trading this pair that the cap is going to remain in place for the rest of 2014. I'm expecting to see some significant weakness during February as there is no sensible reason (even taking the EM sell off and additional liquidity requirements be Swiss lenders into account) for this pair to trade at 1.222x or below. Currently long 20 lots, will top up another 20 if markets open below 1.222x
Significant weakness why?

a possible rate cut in the pipeline by the ECB swissie data getting better i think more likely to se 1.21650
  • #11,476
  • Feb 3, 2014 4:25am Feb 3, 2014 4:25am
There will not be any rate cut, so... Anyway we will back to 1.23+ teritory, sooner or later... Worst case is price at 1.20 floor couple years
  • #11,477
  • Feb 3, 2014 11:58am Feb 3, 2014 11:58am
This thing is going to fly. Soon. Maybe to 1.35
I'll shop after the drop
  • #11,478
  • Feb 3, 2014 1:01pm Feb 3, 2014 1:01pm
@Wilow and what is the reason you think so
  • #11,479
  • Feb 3, 2014 1:28pm Feb 3, 2014 1:28pm
Hi guys,

For me there are 2 supports bellow us:
- 1.217: visited recently as well as in the past
- 1.213: level never broken since the pair can out of the 1.20x area. More over, this is the lower trend line of this 6mth old channel.

I can not short the present levels (my shorts would start at 1.228), but I will buy these 2 supports.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchfprodaily.png Size: 135 KB
  • #11,480
  • Feb 5, 2014 12:13am Feb 5, 2014 12:13am
Hello,
I just open couple of longs, strong bottom + unlimited rising oportunities.
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