CHF Trading

[TruCtt_g]

Good luck mate

[Cotoyorra]

Appears to be playing just as I had thought . . I havent needed more input traders.

[Sesnchwz30]

Are you currently using these spikes to get short?
I believe even in the event that you use these spikes to get brief at 1:1 leverage you'll see 8-10 percent drawdown on USDCHF.
Swap on GBPCHF based upon your broker costs http://www.saxobank.com/Default.aspx?id=1572. Two months hold time is -129.6 pips. You can recoup this loss a day.

My personal opinion is there is not any reason to exchange currencies with a 2month horizon. I watch indexes of individual currencies. Once an index is overbought versus an index that is oversold I search for technical reasons to enter from the pair's fashion and maintain until I believe that the new trend is over. I move stops to breakeven. Attached is a chart showing CFP indior which calculates index disparity of the pair being shown. Basically you're seeing index usd minus index chf in the CFP here.

If CFP shows oversold I draw a trendline on price and commerce when a close ocurrs on the top facet of my trendline. I am brief USDCHF 9, as you can see. I do however find a long fashion in advance before CFP goes into oversold territory, and I will close this and search for longs.
https://www.forexforum.co.za/attachments/1518490918556380315.jpg

[SesuTkrtxi]

I am starting this thread for traders interested in the Swiss Franc (CHF). I am a swing trader and can see excellent potentials in the CHF across additional currencies. It seems to be the lesser of the evils given current market conditions.

Reasons in support of the CHF:

1 - Safe Haven
two - Market maybe not doing too bad (in comparison to EU, UK and USA)
3 - Risk Aversion and Carry Trade (stock markets dont seem too great)

Attached weekly/daily charts of USD/CHF and GBP/CHF.

USD/CHF - Clearly long term (weekly) tendencies are down and even on the dailies the price action has seemingly produced a station between 38.2 and 61.8% fib levels. In the last week - even some perceived good news (or not so poor financial results) from the US hasn't been able to decicively break any major resistance at 252 or 300 - Therefore I am thinking Short.

GBP/CHF - Pretty much the same as above - a lot more convincing as UK market is going downhill faster than believed, albeit this pair has gone down too quickly - but if you examine the monthly charts, it's room to go considerably further. The dailies suggest a sort of traingle forming and I am thinking it could bounce off resistance at 50 percent fib in 2.0583 or sooner (trend line) - Thinking short again.

Would really love input from fellow traders. Hi gmohata
im concur with veiwpoint about USDCHF and GBPCHF

[Esntxau]

Where are those imitation 'actual' traders that trade without stoplosses.I dare you to trade without stoploss again.With EuroChf falling 3000 pips r.i.p for your Foreign Exchange accounts.i desire swissy rally got you naked with no SL . Lol .it would be learnt

[Cotoyorra]

I'm starting this thread for traders considering the Swiss Franc (CHF). I'm a swing trader and can observe great abilities in the CHF across other currencies. It seems to be the lesser of the evils given current market conditions.

Reasons in support of this CHF:

1 - Safe Haven
2 - Economy not doing too bad (in comparison to EU, UK and USA)
3 - Risk Aversion and Carry Trade (stock markets dont look too great)

Attached weekly/daily charts of USD/CHF and GBP/CHF.

USD/CHF - Clearly long term (per week) trends are down and on the dailies the price action has seemingly created a channel between 38.2 and 61.8% fib levels. In the previous week - even some perceived good news (or not so bad financial results) in the US hasn't managed to decicively violate any major resistance at 252 or even 300 - So I am thinking Short.

GBP/CHF - Pretty much the same as above - a lot more convincing as UK economy is going downhill faster than believed, albeit this pair has gone down too fast - but if you look at the monthly charts, it's room to go considerably further. The dailies indie a kind of traingle forming and I hope it might bounce off resistance at 50 percent fib in 2.0583 or earlier (trend line) - Thinking short again.

Would really appreciate input from fellow traders.
https://www.forexforum.co.za/attachments/1518490906383711312.jpg
https://www.forexforum.co.za/attachments/15184909091675685361.jpg
https://www.forexforum.co.za/attachments/15184909121195876915.jpg
https://www.forexforum.co.za/attachments/15184909151093129898.jpg