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#4757

Hemadri Singh (Admin)

Price talks - B.S. walks

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Posts: 6

Forex Technical Trade Setup: Short USD/CHF 1 Month, 1 Week ago	Karma: 1
This thread discusses the Content article: Forex Technical Trade Setup: Short USD/CHF Anyone else taking this trade? I can't resist it - the setup is almost too good. In fact, it is so good I should probably not take the trade... how contrarian of me ;)

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Its all about the technicals!

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#4761

Liviu_aussie (User)

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Posts: 42

Re:Forex Technical Trade Setup: Short USD/CHF 1 Month ago	Karma: 2
Great work Hemadri! I really like your technical analysis setups. I've been short USD/CHF since Monday (using an August option). Unfortunately yesterday wasn't a very good day for my trade :( . ...well I hope the resistance line will hold and we'll see a nice drop to parity.

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#4762

kausti (User)

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Re:Forex Technical Trade Setup: Short USD/CHF 1 Month ago	Karma: 0
today's idiotic rally in equities has provided this nice opportunity. Wachovia reports $8.86B loss and the stock rises 27% !! man..I love these markets ;) I like this opportunity in USDCHF..the only caveat is the effect of Congress reaching an agreement on Fannie, Freddie on markets (if at all) in short term. I'd think it's going to be business as usual once the short squeeze is over

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#4766

Hot Enterprizes Inc (User)

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Forex Technical Trade Setup: Short USD/CHF 1 Month ago	Karma: 0
Were full USD bulls over here.

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#4770

swadehansen (Visitor)

Posts: 326

Re:Forex Technical Trade Setup: Short USD/CHF 1 Month ago	Karma: 27
The set up on this one is interesting. We didn't get the break down lower today, but the USD/CHF is still up at resistance and may be topping out...like you all have said. Where do you all think the confirmation level is that this pair has to drop below to confirm that it is on its way back down to the bottom of the trading channel?

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S. Wade Hansen, Seesawer Extraordinaire

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#4771

John Jagerson (Admin)

Revved up like a duece another runner in the night

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Re:Forex Technical Trade Setup: Short USD/CHF 1 Month ago	Karma: 38
I am inclined to agree that this pair is doomed. The rally today would be a nice trap for all the newly emerging bulls. I would be very careful about taking heavy USD long positions.

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Trader, investor, author, raconteur, mountain biker, guitar player.

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