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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 901
Forum Topic:

CHF

Discuss CHF
 
subway90
Posts: 1078
13 years ago
Aug 3, 2011 10:47
swissy... back in the tunnel.... would likely target 7950/8000 level....
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Aug 3, 2011 2:50
hey jacek, im working off a weekly &daily..it looks ugly i;ll agree to that but the r/r looks decent..cci looks like it might be settn up for bullish rever..it failed to bounce off the bottom wedge so to try and regain that level i see 80-81 area..if we bounce hear from 1.1695 hi-new low 1st stop 23.6retre=85area..i realize these are big moves but im laying out my r/r argument..with proper acct/margin maneg i think it offers a decent trade:)ok gl/gt guys:)looking to lighten up a lil more $cad looking to add on the dips firming up nicely
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 3, 2011 1:01
not sure where ur counting from Chloe but i believe my entry was around 1.382 cluster.. (not so) surprisingly extended to almost 1.50.. just above my stop.. and 1.618 is around 7560..

anyway probably good time to buy as market showing no fear.. particular on monthly.. thx X
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 2, 2011 23:29
wish had your patience Subz:-) could have got another 50 pips on this trade and wouldn't have to risk my stop..
subway90
Posts: 1078
13 years ago
Aug 2, 2011 22:29
XARON...

i've been looking at that monthly chart also....
Xaron
Munich, Germany
Posts: 528
13 years ago
Aug 2, 2011 21:28
There's a 33 years old trendline coming up here:
http://4.bp.blogspot.com/-g6UCdeKWWNk/Tjc2FtH4BHI/AAAAAAAAANg/3tJdMgqsgqo/s1600/USD-CHFmonthly3.png

For me going short CHF now is almost a no brainer.
subway90
Posts: 1078
13 years ago
Aug 2, 2011 21:15
yes jacek...

could see 1 more drop to 7600 level but a good level to go long for recovery back up to 7850/7900...

if it settles above 7900 level... could expect a bigger retrace toward 8150/8200 level...
jacek
Australia
Posted Anonymously
13 years ago
Aug 2, 2011 21:05
hi chloe.. got swissie at 7656.. not sure about Sir's short but he probably reversed it now i did:-)
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Aug 2, 2011 19:34
just reading over the chf comments,im looking to try a long position...broken through 1.616 exten could it really reach 261exten??also have a descendin wedge which its testing the bottom line could get a nice bounce..plus cci overly sold looks like its gettn ready for a bullish crossover..think the r/r is good..any comment on this pair are greatly appreciated ok gl/gt(i see sir is still short:(..)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jul 25, 2011 15:18
good time to sell swissie.. priced for total collapse of US$.. my target done at 80.50.. happy with anything under that with 80 holding..