Thread: Discuss the USD/CHF with a DailyFX Analyst

Repetitive patterns in Forex... the stuff of which waves are made

Tight range again, whether we like it or not...

Originally Posted by Gregory McLeod

Congratulations Ruslanb! Great Trade and spotting a double top. CHF is benefiting from safe haven flows while revolutions in the Middle East spread to other places.

Thank u Greg! I close the trade this morning at 0.9484

Hi Guys...pretty new here to the forum (my first post)...

Still hanging onto my hedged long/short USD/CHF...rode the wave up from 0.935...and then down from 0.969...will close the short on a break of 0.94 (there could be long stops) and will ride up with longs again toward 0.97 mark and hopefully beyond...

=Still hanging onto my hedged long/short USD/CHF...rode the wave up from 0.935...and then down from 0.969...will close the short on a break of 0.94 (there could be long stops) and will ride up with longs again toward 0.97 mark and hopefully beyond...

Update: Closed short at averaged long 0.9395 for 295pips...holding the longs (positive carry) from 0.935/9400/9425...wating for the March upwave...if we go lower like 0.93ish will add longs

Good luck

I wish the US would allow hedging in FX. I could have ripped the snot outta the swissy.

What do you think of this? "there could be 2-month bearish rectangle pattern forming on the daily chart of usd/chf"... The Swissy (USD/CHF) On The Verge Of Breaking Down

rangebound opportunity? risky move! I like buying above 0.9330 targeting sma

watch out for 92.20!!!

hint: risk should be kept here

Hi Everyone,

Went long at 92.60 with no stop. Hoping for a nice bounce to 95.00. If it drops to 92.00, I will add another lot to my long position.

My prediction of tight range on last post blew up on my face, lol.
USDCHF came to make a brand new low.

However, I still think we are in a wave 4, and this is my current count. A little more complex that I would like, but Price Action doesn't care much what I like, it seems

Hello Shannon,
Quantitative Strategist, David Rodriguez wrote an interesting article today on this topic.

Forex @ DailyFX - Forex Strategy Outlook: Volatility Favors Breakout Trading in Japanese Yen

He states that the larger the Volatility Percentile, the more likely the chance of seeing stronger price moves.

The Euro has a Volatility Percentile of 4.69%, GBPUSD is 3.28%, and AUD/USD is at 6.25%. On the other hand, GBP/JPY is at 24.62% and USD/CHF is at 16.92%.

I have posted the chart for your reference. This explains some these painfully slow moves in certain pairs if you are a short term trader.

My trade: targeting sma, risking the current low.

Originally Posted by lmrtrader

watch out for 92.20!!!

hint: risk should be kept here

Trade Idea: Short CHF/JPY @ 88.00 Stop Above 88.29 Limit 87.13

Originally Posted by fxaprendiz

My prediction of tight range on last post blew up on my face, lol.
USDCHF came to make a brand new low.

However, I still think we are in a wave 4, and this is my current count. A little more complex that I would like, but Price Action doesn't care much what I like, it seems

Hold on to your long position. I think it made a new low for the next month. 250pip upside from here. I'm holding onto my long until 95.

My last post included my preferred count. This is Plan B.
Levels to watch: 0.9200 and 0.9500

P.S. CyberJunkie, I think your target at 0.95 has good chances of getting hit regardless of which count proves to be correct. GL