EUR/CHF - market of last resort after a v poor week.

[scose-no-doubt]

Can't believe I never shorted that b1tch at 43 yesterday... pu55y.

Anyhew, not much range at 141 in the last hour. More uniformed channel than USD. Looks manufatured. Reckon it will hold? Suppose its easy money if you got enough cake to move it.

Where's GammaJammer when you need him and his SNB info lol.

What you guys think?

 

[scose-no-doubt]

Nice to see I can create riveting threads

 

[Martinghoul]

What you want to know? I am short, as this bugger is going to 1.30, but that ain't news.

 

[Black Swan]

shhhh....don't mention the Swissys!! It's where all the clever people put their unused/underused trading capital......As a consequence this thread will die after 2 hours...it's the law...

 

[scose-no-doubt]

Just wondering what the concensus is. I'm only retail so I need to spot on with my timing or I get eaten alive.

 

[Martinghoul]

Stop worrying about it... Go short, close your eyes and everything will be just dandy in a couple of months.

 

[scose-no-doubt]

I would "close my eyes" MG but I'm low capital i.e. poor. I fund my account one trade at a time to try limit over/stupid trading lol, (maybe a bit daft I know). I've been tring to get in 5 trades since Thursday. Platform crashed during one so I pulled out. The other four have been in-out, in-out trying to catch the swing. When I've finally got in guaranteed stops been hit on all of them before markets swings back around. Result... x loss instead of 12x-ish profit.

Gotta find a level where the bid gets pulled in a way these f**kin spreads cant keep eating my trades. Lookin at this 41 but I think I might have missed the bus.

 

[maiden22]

I would "close my eyes" MG but I'm low capital i.e. poor. I fund my account one trade at a time to try limit over/stupid trading lol, (maybe a bit daft I know). I've been tring to get in 5 trades since Thursday. Platform crashed during one so I pulled out. The other four have been in-out, in-out trying to catch the swing. When I've finally got in guaranteed stops been hit on all of them before markets swings back around. Result... x loss instead of 12x-ish profit.

Gotta find a level where the bid gets pulled in a way these f**kin spreads cant keep eating my trades. Lookin at this 41 but I think I might have missed the bus.

The spread is only 4 on IG - what does your broker offer?

The other thing is this is a very spiky / choppy pair, so you need to be able to let your trades breathe. I'd only enter on pairs like this if I had very high confidence, a very good entry point and if the logical stop placement was supported by some very strong factors.

 

[scose-no-doubt]

4+3 for guaranteed stop. Letting trades breathe is all well and good but where do you draw the line between breathing and being wrong? This is why my trades keep getting whacked and then moving on for what would have been a profit. Having difficulting in considering how to commit. Technical stops aren't working too well.

Lucky I never dived in there eh lol.

 

[maiden22]

4+3 for guaranteed stop. Letting trades breathe is all well and good but where do you draw the line between breathing and being wrong? This is why my trades keep getting whacked and then moving on for what would have been a profit. Having difficulting in considering how to commit. Technical stops aren't working too well.

Lucky I never dived in there eh lol.

Do you want guaranteed stops? If you are with IG you can get it taken off if you ask.

Breathing / being wrong is obviously a personal thing and comes down to your style / method etc, and is difficult to explain in general terms (at least for me lol). But if I was trading a pair like this (I don't actually even watch this one) I'd ignore all but the best and most obvious set ups where there was a clear point at which you decide you want out.

So maybe reversals at genuine swing highs / lows - stop goes on the other side of the entry bar. Or reversals at the top / bottom of a daily range, where price had strongly tested outside the range, again stop at the other end of the entry bar (mind you, this is almost always where my stop goes.

Or look for entrys where you've got good natural barriers. For example, where you're trading away from a round number that's also a pivot zone - make price fight to get to your stops.

What TF are you on? It might be an idea to go up a bit. Looking at how this pair moves, I think I'd stick to daily - intraday would need to be a killer set up to interest me.

Just my opinions of course - others might totally disagree.

 

[Black Swan]

The spread is only 4 on IG - what does your broker offer?

The other thing is this is a very spiky / choppy pair, so you need to be able to let your trades breathe. I'd only enter on pairs like this if I had very high confidence, a very good entry point and if the logical stop placement was supported by some very strong factors.

You don't go long or short on Swissy *stuff* with your pcs, you just buy Swissys for the last 12 months. Real money, none of this fangled trader stuff...You swap your Euros for Swissys and hoard, along with your gold coins, guns, ammo, tins of food... all buried on your Swiss farm...Then let all this 5hit blow over and emerge from the bunker in 15-20 years...simples..

 

[scose-no-doubt]

Never traded it... Can't believe I'm still a sh1thouse after like 9months of this. How the hell do you guys get your confidence back after string of losers?

 

[Adamus]

you need a plan that you have confidence in, which you invented, backtested, papertraded and have a history with going way back. Lots of work. I hate it doing the work too, but I'm doing it.

 

[Adamus]

I hate being the last poster on a thread so i'll try to get more replies

I'm looking at the euro/swissy for the first time today, well yesterday, - slightly strange considering I want to run my system on it next week :O - and I'm amazed at the chart. Is it always like this? Or is it just this last week? Looks more like orange juice than a currency!