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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:

CHF

Discuss CHF
 
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lucky
Nigeria
Posted Anonymously
14 years ago
Mar 14, 2011 10:27
because hedge funds are thieves
pkumar97
India
Posts: 19
14 years ago
Mar 14, 2011 10:17
HI friends,
Why usdchf is dragging down also hearing that high Swiss Insurance Exposure to Japan , still the pair under pressure , can anyone please share your view on this
Rob
New York, United States
Posts: 305
14 years ago
Mar 11, 2011 23:19
Gammahunter - Nice job - nothing like ANY profit trading any market. It may just be noise and minutia, but I'm focused on the 55 and 100MA in the 4-hour chart. Glad it closed the week above the 55MA, but resistance at the 100MA is not far away, so we'll see about breaking through that. All eyes on the Fed next week. I'm not worried about getting closed out because these days I'm using plenty of margin and get my emotions out of it; also using wide stops.
Haven't traded USD/JPY in the past month or so. But you can be sure it will jump higher if the FOMC is even slightly hawkish - then again, if stocks tumble, JPY may strengthen, but probably the least against the USD.
Good trading and good weekend!
Rob
Gammahunter
Douglas, Isle of Man
Posts: 82
14 years ago
Mar 11, 2011 19:40
hello rob I open 5 lots @ .9274 when this pair was falling and have closed 3 lots @ .9288 for nice scalp profit. I keep 2 lots and will wait for next swing to .935 and higher. I agree with u that .926-.927 is good cluster of suppt.
But be careful bcuz many stop hunting algorhythm will try and push weak longs from mkt only to turn mkt higher.

btw u trade usdjpy? I want entry in that pair too
Rob
New York, United States
Posts: 305
14 years ago
Mar 11, 2011 17:55
Gammahunter - I'm more frustrated than happy with this pair. I've had it for at least 2 weeks. I still see the 4-hour chart being the most telling. If it can close above the 100MA (4hr.), then I think it's set to go up further. 92.70-80 definitely looking as strong support, but if that breaks, it's probably right back down to low 92.00's. There is some flight to safety, but there's also a bit a dollar weakness affecting this as well. Hopefully USDX will continue up and bring this pair with it.
Gammahunter
Douglas, Isle of Man
Posts: 82
14 years ago
Mar 11, 2011 16:08
hello forum friends...I am open long usdchf at .9274
Gammahunter
Douglas, Isle of Man
Posts: 82
14 years ago
Mar 11, 2011 15:13
CHF getting tough vs USD, filght to cptial now happen
Gammahunter
Douglas, Isle of Man
Posts: 82
14 years ago
Mar 10, 2011 13:14
Kumar97 if u go long usdchf now there is support at .927 area but not last long if USD come under attack...bette suppt is .925 and .92
Gammahunter
Douglas, Isle of Man
Posts: 82
14 years ago
Mar 10, 2011 13:13
v annoy...usdchf missed my entry by little amount...now quickly move to .935 direction. big mistake not make long entry.

Rob u must be v happy
pkumar97
India
Posts: 19
14 years ago
Mar 10, 2011 11:12
Hello Ashraf,
Is it good level to build long positions in USDCHF , your view on this please
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