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USD/CHF

  • #4,181
  • Jan 15, 2015 5:57am Jan 15, 2015 5:57am
Quoting Fx_Anil
Weekly chart of the USDCHF signals considerable rally to take place if the pair closes above 1.0200 on a weekly basis. {image}
Sorry what considerable rally were you talking about? Maybe you should stop misleading people who are here for a quick buck.
A 1 pip gain is better than a 1 pip loss.
  • #4,182
  • Jan 15, 2015 8:24am Jan 15, 2015 8:24am
FxPrimus did the similar, wick bottomed at 0.30758 (ECN acc). May I know exactly what is the range of wick bottom from other brokers? My FXCM acc USD/CHF stopped quoting at 0.98xx during the event, according to some trader from XM they get 0.7 at lowest but none lower than that.


Quoting bypasssbo
The problem is that ICMarkets has a fake wick on USDCHF not if I trade with SL or not, take care of your money and let people win or loose their money the way they want, and If you want to know it my account at ICMarkets is a demo account
  • #4,183
  • Jan 15, 2015 9:47am Jan 15, 2015 9:47am
Quoting aeternum
{quote} Sorry what considerable rally were you talking about? Maybe you should stop misleading people who are here for a quick buck.
This was a shocking market reaction due to very special circumstances. And USD/CHF was indeed rallying due to dollar strength.
  • #4,184
  • Jan 15, 2015 7:44pm Jan 15, 2015 7:44pm
Quoting kelvinftg
{quote} This was a shocking market reaction due to very special circumstances. And USD/CHF was indeed rallying due to dollar strength.
Such market reactions should be expected at all times. Judging on his technical analysis, it is just full of IFs and MAYBEs. If price goes above xx, then it will likely rise to xx. Otherwise it will fall to xx. Obviously price is either going to rise or fall, why even bother posting? I'm not here because I lost money from looking at his trades. I'm here because I don't understand how he's getting so many followers and yet look so clueless about trading.
A 1 pip gain is better than a 1 pip loss.
  • #4,185
  • Jan 16, 2015 3:06am Jan 16, 2015 3:06am
A revised long term EW wave count of USDCHF due to SNB reaction........
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF long term 16Jan15-page-0.jpg Size: 585 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFWeekly 06.png Size: 56 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #4,186
  • Jan 16, 2015 5:33am Jan 16, 2015 5:33am
I had 2 short trades open on USD/CHF and just looked into my account...nice...
Attached Image
  • #4,187
  • Jan 16, 2015 5:56am Jan 16, 2015 5:56am
Quoting skyhok
A revised long term EW wave count of USDCHF due to SNB reaction........ {image} {image}
cmon you telling us that usd is going to loose another 2/3 of its value against chf. It almost lost 1/3 and thats enough considering the news. For more downside more news is required. The storm is over for now this will slow down and the chf is going to loose value again soon along with other EU currencies like EUR GBP DKK SEK or whatever. I am very optimistic about alternative currencies like the ZAR and RUB for comming months.
  • #4,188
  • Jan 16, 2015 8:08am Jan 16, 2015 8:08am
For me, building longs here is a no brainer. Just ask why SNB tried to peg their currency? Answer: because their economy was being damaged by the high value of their currency. Since then they have moved to negative interest rates and removed the peg because it was unsustainable. None of this is good for a Swiss economy surrounded by Eurozone countries which are now engaging in depreciating the Euro through quantitative easing.

Since yesterday this pair (Usd/Chf) recovered by over 300 pips. I'm not going to short into that. With very low leverage I will try to build longs. It could be the best trade of the year. Maybe I'm wrong, but I won't lose much trying.
Gone to a better place
  • #4,189
  • Jan 18, 2015 6:27pm Jan 18, 2015 6:27pm
test
  • #4,190
  • Jan 18, 2015 8:51pm Jan 18, 2015 8:51pm
Long USDCHF (2 positions) at about .86127 average price. Wild oscillations have settled somewhat and CHF way overvalued. Gap will fill. I'm looking at target 1 of around 0.91.
  • #4,191
  • Jan 18, 2015 9:10pm Jan 18, 2015 9:10pm
Quoting Olarion1975
I had 2 short trades open on USD/CHF and just looked into my account...nice... {image}
Did your broker pay up?
  • #4,192
  • Jan 18, 2015 10:35pm Jan 18, 2015 10:35pm
Quoting Pmd1963
Long USDCHF (2 positions) at about .86127 average price. Wild oscillations have settled somewhat and CHF way overvalued. Gap will fill. I'm looking at target 1 of around 0.91.
What gap? Or do you mean the huge empty space between $1 USDCHF and where we are now?
A 1 pip gain is better than a 1 pip loss.
  • #4,193
  • Jan 18, 2015 10:45pm Jan 18, 2015 10:45pm
Let's see if it can get there

Attached Image
  • #4,194
  • Jan 18, 2015 11:38pm Jan 18, 2015 11:38pm
Y'all crazy touching the CHF right now.
  • #4,195
  • Jan 19, 2015 1:06am Jan 19, 2015 1:06am
Why not? One Hour bar can give you 132 pips - but don't trade it if you can't ...........

Attached Image
  • #4,196
  • Jan 19, 2015 1:47am Jan 19, 2015 1:47am
I agree Ken, pinn bar looks nice there, by right's there should be a decent retracement, I just don't have the roundies for it
  • #4,197
  • Jan 19, 2015 6:38am Jan 19, 2015 6:38am
Quoting aeternum
{quote} What gap? Or do you mean the huge empty space between $1 USDCHF and where we are now?
Yes, that gap. I closed this morning as it looked to retrace lower. May open again soon. Will see what happens when US market opens.
  • #4,198
  • Jan 19, 2015 6:49am Jan 19, 2015 6:49am
Quoting Pmd1963
{quote} Yes, that gap. I closed this morning as it looked to retrace lower. May open again soon. Will see what happens when US market opens.
Fundamentally we are looking to go for a lower CHF. But because of the negative interest rates, I read on babypips that it actually negates the high currency value. Only the coming days will tell. In addition to that we have ECB coming up this week.
A 1 pip gain is better than a 1 pip loss.
  • #4,199
  • Jan 19, 2015 6:58am Jan 19, 2015 6:58am
Quoting aeternum
{quote} Fundamentally we are looking to go for a lower CHF. But because of the negative interest rates, I read on babypips that it actually negates the high currency value. Only the coming days will tell. In addition to that we have ECB coming up this week.
Swiss National Bank will continue to intervene, just not with a PEG. They can't afford for their currency to be this strong. They are probably targeting EURCHF 1.10. Negative interest rates, SNB intervention to weaken CHF and poor economic performance (exports) going forward due to strong CHF will weaken CHF. Also, technically, retracement to .88 area (23% Fib, already hit once) and .91 area (.38 Fib) are likely. At this point Gold is a better hedge for safety than CHF. You have to pay for storage, but CHF you have to pay interest. I would rather hold gold or USD than CHF. CHF has lost its safety appeal as far as I am concerned. Some others will probably start to feel the same way.
  • #4,200
  • Jan 19, 2015 9:17am Jan 19, 2015 9:17am
CHF did a nice job by turning many trading accounts to negative balance. Pigs need a lesson to remember that forex market can also GAP. When the gap is big, stop loss is ignored. When the market price jump, brokers could suspend trading for a while and when the trading resumes, some accounts balance is already below 0.
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