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USDCHF bounce long 400 pips...an idea?

  • #41
  • Apr 13, 2016 5:58am Apr 13, 2016 5:58am
USDCHF has properly broken into it's monthly high 0.96300: (H1)

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF5.png Size: 41 KB


Now we're set up for today's US numbers !!
  • #42
  • Apr 13, 2016 7:14am Apr 13, 2016 7:14am
Quoting meyoik
{quote} You make an excellent point, indeed I am not looking for a reversal here....if happens great, but I'm shooting for a retracement to around 0.99....I think that's in the cards the moment we get consecutive positive US salary growth reports, inflation growth, anything along the lines of firing up the rate hike talk. So what's your take on a pullback to 0.99?
Are you still holding?
  • #43
  • Apr 13, 2016 9:31am Apr 13, 2016 9:31am
Quoting Don96
{quote} Are you still holding?
Yes, I'm loving this rally, still aiming at 0.99.
  • #44
  • Apr 13, 2016 9:37am Apr 13, 2016 9:37am
Quoting meyoik
USDCHF has properly broken into it's monthly high 0.96300: (H1) {image} Now we're set up for today's US numbers !!
If you trade daily Time Frame, know that 1hr breakout can give false signal/breakout.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -50.3%
  • #45
  • Apr 13, 2016 10:40am Apr 13, 2016 10:40am
Quoting meyoik
{quote} Yes, I'm loving this rally, still aiming at 0.99.
just see 0.9683-94 level as resistance... my plan was too book some here
  • #46
  • Apr 13, 2016 1:14pm Apr 13, 2016 1:14pm
Quoting Don96
{quote} just see 0.9683-94 level as resistance... my plan was too book some here
Book, rinse, and repeat till 0.99
  • #47
  • Edited 2:09pm Apr 13, 2016 1:17pm | Edited 2:09pm
Quoting 9jatrader
{quote} If you trade daily Time Frame, know that 1hr breakout can give false signal/breakout.
Thanks 9jatrader. On the H1, I think it's looking very decent:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF6.png Size: 49 KB


If you look at the H4, I think it's looking strong, proper Par. SAR support:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF7.png Size: 40 KB


First resistance point, now acting as support, has been broken.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF8.png Size: 45 KB
  • #48
  • Apr 13, 2016 5:38pm Apr 13, 2016 5:38pm
Hey OP, are you still holding on to your Long position?
  • #49
  • Apr 14, 2016 3:54am Apr 14, 2016 3:54am
Quoting 1stpfromh3ll
Hey OP, are you still holding on to your Long position?
Yes, I'll be long on USDCHF until ~0.99.


Treading cautiously of course, but aiming for that level.
  • #50
  • Apr 14, 2016 6:28am Apr 14, 2016 6:28am
Quoting Don96
{quote} just see 0.9683-94 level as resistance... my plan was too book some here
Could have hedged a small short, level I had missed by a pip but I had 3 levels in between the zone, just watch EU
  • #51
  • Apr 14, 2016 7:51am Apr 14, 2016 7:51am
Disappointing inflation numbers from the US today:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF-2.png Size: 12 KB


Led to:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF-1.png Size: 47 KB
  • #52
  • Apr 19, 2016 2:22pm Apr 19, 2016 2:22pm
AUDUSD, USDCHF & EURUSD really showing they can be traded with Gold chart. If AUDSUD closes above Bollinger Upper Band today, then we have strong bullish setup. Only EURUSD moving like a snail. But it will surely obey and break above the near resistance.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -50.3%
  • #53
  • Apr 20, 2016 12:52pm Apr 20, 2016 12:52pm
And we're back on track to 0.99, we just broke 0.97

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF_1_1.png Size: 56 KB
  • #54
  • Apr 22, 2016 10:44am Apr 22, 2016 10:44am
We're approaching our 400 pip target

280 down
120 to go

Happy trading!

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF_1_2.png Size: 59 KB
  • #55
  • May 22, 2016 9:26am May 22, 2016 9:26am
It took a while, but patience pays off:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF-1.png Size: 28 KB


And now we close, hope you all enjoyed the ride
  • #56
  • May 22, 2016 9:56am May 22, 2016 9:56am
Quoting meyoik
It took a while, but patience pays off: {image} And now we close, hope you all enjoyed the ride
well done
  • #57
  • May 22, 2016 10:05am May 22, 2016 10:05am
Quoting Don96
{quote} well done
Thanks Don
  • #58
  • Last Post: May 22, 2016 2:29pm May 22, 2016 2:29pm
Dragonfly can really be profitable. Since the setup on USDCHF, bears dread to counter the movement. There's possibility of strong retracement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -50.3%
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