http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/ This blog goes where few traders dare - the exciting world of Forex outside the dollar! Sun, 14 Mar 2010 03:56:37 +0000 http://wordpress.org/?v=2.3.1 http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2710 Return of GBP-CHF. | fxmadness.com Sun, 23 Aug 2009 12:58:36 +0000 http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2710 [...] 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. [...] […] 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. […]

]]> http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2370 Another rogue trader. | fxmadness.com Fri, 03 Jul 2009 16:50:31 +0000 http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2370 [...] 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 [...] […] 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 […]

]]> http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2279 Half year mark. | fxmadness.com Sun, 28 Jun 2009 16:12:09 +0000 http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2279 [...] 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 [...] […] 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 […]

]]> http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2262 admin Fri, 26 Jun 2009 16:01:27 +0000 http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2262 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. 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.

]]> http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2261 Damian Fri, 26 Jun 2009 10:01:22 +0000 http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2261 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)? 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)?

]]> http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2254 admin Thu, 25 Jun 2009 19:10:45 +0000 http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2254 Thanks. Yes, it's been half a year of bullish run. And it probably is not over yet. Thanks. Yes, it’s been half a year of bullish run. And it probably is not over yet.

]]> http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2253 Heather Thu, 25 Jun 2009 18:57:30 +0000 http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2253 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! 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!

]]> http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2251 Andy Thu, 25 Jun 2009 18:42:31 +0000 http://fxmadness.com/2009/06/25/general/fed-chairman-grilled/#comment-2251 I think this is funny, Bernanke on a hot seat. I think this is funny, Bernanke on a hot seat.

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