USD/CHF... - Page 7

Moved A LOT quicker than I thought it would. Best trade of the month, just picked up 80 pips with a 30 pip stop loss risking only 3% of the account, this all happened in like 2 hours. Short area was 1.0641 currently trading 1.0556, since it moved so quick most of the position has been covered, a fourth is still open.

holy cow whats going on?!

Swiss National Bank intervening, they like to jack things up once in a while to keep you on your toes

Do they tell you before they do it?

Are we pretty much ****ed everytime they do this since they do it randomly and us traders have no idea.

It's not random biga, it's done with at least some strategy by the SNB.
There are clues and hints usually as well for those traders that are paying attention to it.

IMO personally I find this pair fun. If it sideways trades it does so very tight. Simply set an alert 40 pips away from consolidation and when alerted, check it out, I've gotten in 5 times now using this strategy on the pair and made good money every time.

short term bounce should happen soon, I would say with in a few hours or so.

Nice double bottom on this pair. Look at the 3 hr or daily to see it. Be stoked to see it break 1.06

Long from 1.0388

Stops 1.0313
Tgt 1.0550...

I want a a long dollar position in the mix and this one looks decent..

Yeah man, that's a hard call for me this week. I mean...what's up with the dollar...It's pretty hard to tell with my analysis.

I was watching to see if monday futures held strength for dollar...but we saw a daily bearish engulfing on even lower volume. So...that leaves me bearish for the week, but bloody well cautiously

I was thinking its a light volume retest of the break above 82.50 before we shoot for 83.80. If we can get a decent gain in the dollar futures with 20k+ volume, i'll view it as confirmation on this play..

PS I cant seem to sign into oanda.. keep getting a server busy message.. hmm.
PSS Its back.

Hmm.. Adding this to the radar for a short once its breaks for new lows and enter on the retest of 1.0225.

Ride it all the way to the parity magnet would definitely be a possibility..

PS.. Looking at the hourly for the break to new lows..

even looks good on the 4h..
I'd look for the re-test on the 15min after an hourly or an even better 4hour close below the 1.0229 level.
Stops would be 1.0280. 50-60 pips risked for 150+

R:R would be awesome if we don't break and head to test 1.0270(entry price).. With stops above 1.0310... That would IMO be a much higher probability trade.. But the odds of a materializing are... who knows..



Only thing is.. This would likely require a US equity sell off.. Or a japanese HangSeng Crash.. Im skeptical of SPX breaking 1040.. But if fear shook the tree hard enough.. This pair could make it to parity with out an US equity sell off..

We got our first move above a downtrend since June!

This pair has been in free fall for 3 months, this morning we moved above that primary downtrend line.

This could be nothing, this could be something.

Stockjock-e, just curious is there a way to post live charts on currencies like equities on HSM? I notice there arent any charts?

http://finviz.com/forex.ashx
choose any chart you like.

seems like this should work

I don't think there is a way to do it ( that I know of anyway ).