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[Lord Flasheart]

usd/chf approaching that line again, more of the same again

 

[Lord Flasheart]

Short usd/chf for reasons as shown in chart
short at .9240 sl .9260

 

[Lord Flasheart]

these trades are correltaed which may not help, bbut i generally trade what i see and ignore most other factors,lets see

 

[Lord Flasheart]

hmm, may have entered that wedge too soon.the line hadnt actually been broken

 

[Lord Flasheart]

whats worse is that gbpchf has fallen while usdchf hasnt,

 

[Lord Flasheart]

godd Morning

Long gbp/chf at 1.4365 sl 1.4335

settled for +1 on this,too long winded to explain why

 

[Lord Flasheart]

Short usd/chf for reasons as shown in chart
short at .9240 sl .9260

taken 1/2 off at +11,rest to b/e
if stopped will re enter

 

[Lord Flasheart]

looks like a good move to get out of gbp/chf, just ned this uc to fall now

 

[sj8070]

Uc?

 

[sj8070]

Ah usdchf. Why did you feel he wedge would break up but not down?

 

[Lord Flasheart]

uc is usd/chf

hindsights so easy but at the time i thought it was and still is a lovely wedge pattern so i try and get in in advance of any break so as to get value. Igot out as I thought we had had an attempted break that failed and that usd/chf was the stronger of the two trades and they were both correlated, so if usd/chf fell then it was likely gbp/chf would fall as well

 

[Lord Flasheart]

taken 1/2 off at +11,rest to b/e
if stopped will re enter

stopped on 2nd 1/2 will probably re short this usd/chf as line still looking good

 

[Lord Flasheart]

short usd/chf at .9243 sl .9265

 

[Lord Flasheart]

ive also got options from this point so got to hope the line holds up

 

[Lord Flasheart]

really need the eur/usd to spike through 1.3300,now that would be nice

 

[Lord Flasheart]

1 min eur/usd chart,which ever way this breaks will affect my trade,if it breaks dowm im f%^&ed

 

[wackypete2]

I'm looking at the same thing on a 5m chart. Just waiting for the break.

Peter

 

[Lord Flasheart]

if it pushes up now could go straight through 1.3300,if not could be trouble
predictioneur/usd has to break in next 5 mins,one way or other

 

[wackypete2]

I'm looking to buy/sell on a break through either of the red price levels which represent the high/low of the current hour which is normally a lull in the trading day.

 

[Lord Flasheart]

oh man it tried for me,spiked up and fell right off again,price action at its best