Looks like option 3.5 was correct. pip

USD/CHF

No spike — Did not have a spike on fxcm but went +40 then stopped out for b/e as it did not reach the target. pip

USD/CHF

I doubt very much if it was hunted, just a wrong entry point from you as i mentioned in my previous post. My stop has not been in danger since i entered because i waited for what i consider to be the optimum entry point, trying to catch the top of ...

USD/CHF

Nice entry there oodor, although i stopped using these kind of trendlines break entries a long time ago as i found them a bit hit and miss, they do tend to get you in a fair bit earlier but i found that they did not give me the right perspective for ...

USD/CHF

Trading corrective swings is not easy, this trade set up is now off as the previous swing low was broken rendering the set up as void. I am now looking at a break of .81766 by at least 1 pip to take us back into the longer term downtrend direction ...

USD/CHF

Long Set up — Looks like a long set up on a second break of .82329 from the 60 min taking the swing which i still believe is corrective against the 4 hour and daily into a deeper corrective move. If it breaks by 1 pip then .8272 will be my ...

USD/CHF

Guess — If i had to guess ill take option 3.5 which is already sucked all the longs in and about to blow the lid off this thing and head off to a new low below .80777 pip

USD/CHF

There is a lesson to learn here — First - read the pipfarmers analysis as its the best in the business(just joking). Secondly - never trade against the higher timeframe no matter how good it looks (remember even a correction has a trend and ...

USD/CHF

Looking good — No break yet above the .82766 level which would have taken the current 60m/4hour corrective swing deeper into a higher degree correction. A lot of strong downside action at the moment which suggests after a bounce of that old ...

USD/CHF

bounced straight off that 8267 area i quoted above (i should have put 8274) but i did not check the bar for the exact price. A break of .82766 would be good for a long now. pip

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Staying Out USDCHF — Well im still out of this market, conditions here are not good for trading, for me anyway, as the current 60 minute swing up is still a corrective swing ie moving against the 4 hour, yes as i pointed out yesterday the ...

USD/CHF

Yesterdays post pip

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" resistance may not work in front of the momentum" i can't say ive heard that one before. pip

USD/CHF

Yes i saw that, well having recognised the market condition as range or correction i knew it was a bad idea to try and trade it, although there are some ranges or corrections that i can trade if they set up the right way but the way i see it why ...

USD/CHF

It might be for you, good luck but i have to stick to my plan and the way i see it, im only looking for a high probability entries which i know from past experience work well for me. pip

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If i was trading from the 4hour i would short that bottom on a break of .80777, but as i do not trade from that timeframe i will probably have to wait for the bottom to break and enter when it starts to trend. pip

USD/CHF

Agreed, but still a corrective swing ,which means trading against the 4 hour, but sure a break above .8198 may see the corrective swing extend a bit further.

USD/CHF

The trend is down but we are in a corrective swing at the moment , we do not know where the retracement is going to end and trying to predict it is fool hardy, better to wait for some signs of the down trend resuming before entering, thats my ...

USD/CHF

Stay Out — Stay out of the market, from the 60 minute chart we are in a correction moving against the 4 hour and the daily, why try and buck the trend. pip

USD/CHF

I am not suprised that you have had some success with that approach as it sounds as if you are looking for a new trend contrary to the current so in essence you are probably always counter trend, trend trading against the higher timeframe. If you ...

EUR/CHF