Comments on: FED chairman grilled.

By: Return of GBP-CHF. | fxmadness.com

Return of GBP-CHF. | fxmadness.com — Sun, 23 Aug 2009 12:58:36 +0000

[...] Pound-Swiss Franc is a cross that I have been trading a lot this year. Except for more recent history. I think current price level warrants a closer look at this pair and sketch out some likely next moves. After a prolonged up move, possible double top was formed at 1.81 area. Lately price fell to under 1.75, which is a strong support zone. This to some degree reinforced by presence of 100SMA, which often, but not always, causes reaction with price. If somebody is looking for a reversal of the daily trend, development of potential head and shoulder, or crown, could be seen here. Typically, about 70-80% of the time, we should expect the price to form the missing part of either pattern, meaning that chances are good for a move up. There is no guarantee this will happen, price can just keep falling, that probabilities favor such outcome. [...]

By: Another rogue trader. | fxmadness.com

Another rogue trader. | fxmadness.com — Fri, 03 Jul 2009 16:50:31 +0000

[...] trading for me, but I reviewed the few remaining long term trades, including the much talked about GBP-CHF trade. Half of it was closed last week, today I exited the balance of the [...]

By: Half year mark. | fxmadness.com

Half year mark. | fxmadness.com — Sun, 28 Jun 2009 16:12:09 +0000

[...] taken than in previous period. In fact, even the trade I’ve been going on and on lately, long GBP-CHF, is opened in another account. This one is trade-less for the time [...]

By: admin

admin — Fri, 26 Jun 2009 16:01:27 +0000

Damian,a lot depends on your time horizon and objective. Myself, if i didn’t have this longer term trade, would be looking for buys on hourly maybe 4H charts. Shorter trades with smaller targets.

By: Damian

Damian — Fri, 26 Jun 2009 10:01:22 +0000

This is a good trade in gbp/chf. I know you’ve had for some time and your target is 1.85. Do you think it is still a good idea to buy it at this level (1.7930)?

By: admin

admin — Thu, 25 Jun 2009 19:10:45 +0000

Thanks. Yes, it’s been half a year of bullish run. And it probably is not over yet.

By: Heather

Heather — Thu, 25 Jun 2009 18:57:30 +0000

So, 1.85 stands? These kind of trades are a little too long trade for me. I’d be jumping out on every pull back… Man, you started buying this pair at the beginning of the year and still going strong. Congrats!

By: Andy

Andy — Thu, 25 Jun 2009 18:42:31 +0000

I think this is funny, Bernanke on a hot seat.