Okay so all in all a lovely trade , there was a few reasons we took it ,
1. The charts were starting to line up.
2. The DXY was on a 7 week high and the USD was in flavour
3. We had a set back with poor NFP figs, however this allowed us the chance to get in at a better price.
4. In my opinion the USD has been cheap for a while as its had alot of setbacks = opportunity.
Oct 6
So we see the greenback has had a rally and has actually broke the trend line resistance as well as the 0.382 fib line, which the sellers were holding onto.
This is very important to note, as the sellers have clearly been in control of this line and guarded it about 3 times as the charts show.
Not much to note other than the USD is flavour of the month again right now, and if post NFP figs please then this will enjoy a good rally upwards.
Worth noting EUR/USD -0.11% has broken 1.17 to the downside, which will of course have an effect on the Euro -0.11% cross pairs i.e EUR/CHF 0.04% adding more cause to our trade.
DXY 0.16% posted its highest level in 7 weeks .
Entry @ MKT post NFP figs
Stop set @ 0.9750
TP @ 98.70 just below the 0.5 fib line
Happy trading guys and have a great weekend , if you have kids enjoy your time with them :)
Oct 11
Comment: Okay guys so were still on the sidelines here , Fridays figs were horrible , and the USD has seen some selling pressure .
We have some key data coming up this week , so stay alert and we will see how the MKT reacts to it , right now the 0.382 FIB line has given up support and sellers are jumping on board but we will see post data this week .
Stay tuned
Oct 23
Trade closed: target reached: Okay guys so very important to note here as mentioned previously , buyers are stepping in again for now , we have reached our target. However we are going to move our stop, and run it right to see if this moves further up as naturally it’s approaching a fib level where profit taking should be seen.
Those who were patient with this trade well done.
Stay tuned
just now
Comment: Right guys as mentioned , this has definitely stretched its legs now , with yesterdays ECB'S comments pushing the EUR/USD cross rate lower, its had an effect on other cross rates and subsequently helped the USD .
As you can see this has totally broke through the barriers and above the next fib level 0.618 .
What a lovely trade we were out for a profit , and then its jumped another 100 pips that's trading but at least we made a nice profit .
Stay tuned guys
Update idea
Please add a comment... Positive feedback and constructive criticism are important to authors and the community.
Post Comment
Cabot101Management PRO Oct 24
Okay guys , we moved our stop to 98.60 tight , got stopped out , but as expected the buyers are moving in and have subsequently pushed us above the next fib level , those who are still in this well done .
Out for a profit , and still feel we may see this stretch it’s legs a little bit further .
Stay tuned
Reply
SN_Doumet PRO Oct 7
i think it's coming down
USD/CHF - HISTORY REPEATING ITSELF? OR I
Reply
Cabot101Management PRO SN_Doumet Oct 10
@SN_Doumet, a good technical analysis , my view was short to mid term , and based on the USD - NFP figs being positive. This would have got the buyers on board , subsequently it was a dreadful miss on Friday, and we have been drifting slowly sideways since.
I still feel we are due a leg up before anything, even in the current climate , as its just getting some support from the fib line currently.
This will be an interesting week for the USD as we have PPI , Core CPI's and DOE's. This will give a clearer direction as to what way it will go , but good analysis I like it ,
Happy trading ....
Reply
SN_Doumet PRO Cabot101Management Oct 10
Cabot101Management, appreciate your reply. I don't really do fundamentals, I do pay attention to them but don't base my trading off of them. Yes you're right, quite an interesting week ahead of us.
Reply
1. The charts were starting to line up.
2. The DXY was on a 7 week high and the USD was in flavour
3. We had a set back with poor NFP figs, however this allowed us the chance to get in at a better price.
4. In my opinion the USD has been cheap for a while as its had alot of setbacks = opportunity.
Oct 6
So we see the greenback has had a rally and has actually broke the trend line resistance as well as the 0.382 fib line, which the sellers were holding onto.
This is very important to note, as the sellers have clearly been in control of this line and guarded it about 3 times as the charts show.
Not much to note other than the USD is flavour of the month again right now, and if post NFP figs please then this will enjoy a good rally upwards.
Worth noting EUR/USD -0.11% has broken 1.17 to the downside, which will of course have an effect on the Euro -0.11% cross pairs i.e EUR/CHF 0.04% adding more cause to our trade.
DXY 0.16% posted its highest level in 7 weeks .
Entry @ MKT post NFP figs
Stop set @ 0.9750
TP @ 98.70 just below the 0.5 fib line
Happy trading guys and have a great weekend , if you have kids enjoy your time with them :)
Oct 11
Comment: Okay guys so were still on the sidelines here , Fridays figs were horrible , and the USD has seen some selling pressure .
We have some key data coming up this week , so stay alert and we will see how the MKT reacts to it , right now the 0.382 FIB line has given up support and sellers are jumping on board but we will see post data this week .
Stay tuned
Oct 23
Trade closed: target reached: Okay guys so very important to note here as mentioned previously , buyers are stepping in again for now , we have reached our target. However we are going to move our stop, and run it right to see if this moves further up as naturally it’s approaching a fib level where profit taking should be seen.
Those who were patient with this trade well done.
Stay tuned
just now
Comment: Right guys as mentioned , this has definitely stretched its legs now , with yesterdays ECB'S comments pushing the EUR/USD cross rate lower, its had an effect on other cross rates and subsequently helped the USD .
As you can see this has totally broke through the barriers and above the next fib level 0.618 .
What a lovely trade we were out for a profit , and then its jumped another 100 pips that's trading but at least we made a nice profit .
Stay tuned guys
Update idea
Please add a comment... Positive feedback and constructive criticism are important to authors and the community.
Post Comment
Cabot101Management PRO Oct 24
Okay guys , we moved our stop to 98.60 tight , got stopped out , but as expected the buyers are moving in and have subsequently pushed us above the next fib level , those who are still in this well done .
Out for a profit , and still feel we may see this stretch it’s legs a little bit further .
Stay tuned
Reply
SN_Doumet PRO Oct 7
i think it's coming down
USD/CHF - HISTORY REPEATING ITSELF? OR I
Reply
Cabot101Management PRO SN_Doumet Oct 10
@SN_Doumet, a good technical analysis , my view was short to mid term , and based on the USD - NFP figs being positive. This would have got the buyers on board , subsequently it was a dreadful miss on Friday, and we have been drifting slowly sideways since.
I still feel we are due a leg up before anything, even in the current climate , as its just getting some support from the fib line currently.
This will be an interesting week for the USD as we have PPI , Core CPI's and DOE's. This will give a clearer direction as to what way it will go , but good analysis I like it ,
Happy trading ....
Reply
SN_Doumet PRO Cabot101Management Oct 10
Cabot101Management, appreciate your reply. I don't really do fundamentals, I do pay attention to them but don't base my trading off of them. Yes you're right, quite an interesting week ahead of us.
Reply
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.