GBPCHF
Uczestnik z Sep 17, 2014
12 postów
Nov 12, 2015 at 19:50
GBPCHF will drop about 400pips towards 1.4800 level.fret not,sell it hold it.but with this kind of slow movement in the market i advice holding short on the pair till NFP next month as a one month old trade.
Enjoy
Enjoy
Uczestnik z Sep 17, 2014
12 postów
Nov 16, 2015 at 00:47
Because the SNB does not have the firepower like the Feds and the ECB,the SNB always waits for these 2 central banks policies before stepping in to intervene in the market,with critical FOMC monetary policy review by December and ECB in January i expect the SNB to stay on the sidelines and watch it from there before intervening so i'm expecting a pullback on GBPCHF and GBP pairs for atleast 200 - 400pips before renewed market direction,so i'm plugging my ears from the distractions and watching them critically.
Hope this helps.
Overall i see technical levels on the pair being tested 1.5220 1.5128 1.5025 1.4955
Hope this helps.
Overall i see technical levels on the pair being tested 1.5220 1.5128 1.5025 1.4955
Uczestnik z May 20, 2011
724 postów
Nov 16, 2015 at 00:59
no one knows the future, anything can and will happen!
Uczestnik z Sep 17, 2014
12 postów
Nov 16, 2015 at 12:34
Yu'r Welc,Apply your fibo on GBPCHF 4hours TF and take a good look,examine it properly to see what she's screaming.
Uczestnik z Apr 20, 2015
5 postów
Nov 16, 2015 at 15:54
may be gbp/chf sell today
Trading With Ariful
Nov 17, 2015 at 08:31
WhiteSolution = Yup! But watching & following this pairs movement for the last 10 days has already given me the high level of stress 😕
Arif786Evan = This GBPCHF new pattern is killing me. Each time it goes down a bit it always make a brand new base to jump even higher. 😞
Arif786Evan = This GBPCHF new pattern is killing me. Each time it goes down a bit it always make a brand new base to jump even higher. 😞
Uczestnik z May 20, 2011
724 postów
Nov 17, 2015 at 11:01
NovanNLZ posted:You are taking to high of risk! GBPCHF is a risk pair to some degree so it will naturally go up -bias. Need to cut and lower your risk.
WhiteSolution = Yup! But watching & following this pairs movement for the last 10 days has already given me the high level of stress 😕
Arif786Evan = This GBPCHF new pattern is killing me. Each time it goes down a bit it always make a brand new base to jump even higher. 😞
Uczestnik z Sep 17, 2014
12 postów
Nov 17, 2015 at 22:40
@NovanNLZ Trust me never trade GBPCHF on a high leverage,if you have to do that do it with GBPUSD not even with EURUSD anyway i want you to ignore the speculations and wlk away from your trade till Thursday,i see the fundamental factors pushing for a weak GBP from now till Friday you will get the fall,but your sl has to be above GBPCHF favorite positions 1.5500 and 1.5660 i'm shorting a simiilar pair too i'm also walking away the market cant go in one direction forever.Your M/M just has to be helpful for you to maintain a bad trade if not close and rebuild what you may loose closing the trade.
Nov 19, 2015 at 07:20
Seems giving up the current trade on this pairs is the best option available having seen how the FOMC Minutes just gone by without any significant effect as it was expected before.
I notice that most forecast for GBP news are on the negative, perhaps I can make use of it to close the trade.
Thank you for the advice.
I notice that most forecast for GBP news are on the negative, perhaps I can make use of it to close the trade.
Thank you for the advice.
Uczestnik z May 20, 2011
724 postów
Nov 19, 2015 at 07:59
You will get a retrace, just how big and when no one knows . You have to understand also GBPCHF daily ATR is 115 pips roughly. and that is a lower value.
Uczestnik z Sep 17, 2014
12 postów
Nov 19, 2015 at 10:51
selling gbp pairs from here again looking for 200 -400pips
Nov 19, 2015 at 14:35
FXtrader2010 = Yes, some analyst keep projecting 1.4.... retrace price as Elliot Wave's cycles but no one can tell when that's gonna be happen.
I see that GBPJPY got similar pattern to keep on hiking although not as extreme as GBPCHF.
It seems GBPAUD the only cross-pairs of GBP that still has dynamic movements lately.
WhiteSolutions = What do you think of taking mirror trade (ie: GBPAUD VS AUDUSD or EURUSD VS USDCHF), I mean don't you think it's safer for now at least until the market is settle after USA rate hike ?
I see that GBPJPY got similar pattern to keep on hiking although not as extreme as GBPCHF.
It seems GBPAUD the only cross-pairs of GBP that still has dynamic movements lately.
WhiteSolutions = What do you think of taking mirror trade (ie: GBPAUD VS AUDUSD or EURUSD VS USDCHF), I mean don't you think it's safer for now at least until the market is settle after USA rate hike ?
Uczestnik z Sep 17, 2014
12 postów
Nov 19, 2015 at 14:45
Considering the recent uptrend was dubious very steep and rough,it indicates lots of retail sell orders still in these pairs,coupled with recent market cycle data i've noticed that they always sell towards the close of the month i will be selling for atleast 300-400pips,it is a while before the news about the rate hike,the market has to move till this period
Uczestnik z May 20, 2011
724 postów
Nov 20, 2015 at 10:21
NovanNLZ posted:your emotion serves no purpose in trading.
Sob 😭, right after I cut loss several orders the pair start to go down. I was worry that it is going to make another hike which is gonna crush the margin I got left.
Best of luck for your trade on this 'diabolical' pair, lol 😀
