Lem's Big Box O' Stuff.
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- LeMercenaire
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Re: Lem's Big Box O' Stuff.
Possible short set-up on the USDCHF (H4 chart trigger). I should say that I don't particularly like trading the Swissie. Still, just sayin'.
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- LeMercenaire
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Re: Lem's Big Box O' Stuff.
LeMercenaire wrote:Possible short set-up on the USDCHF (H4 chart trigger). I should say that I don't particularly like trading the Swissie. Still, just sayin'.
UJ has a similar profile, though perhaps not as likely to go as far, should it go at all.
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Re: Lem's Big Box O' Stuff.
LeMercenaire wrote:Possible short set-up on the USDCHF (H4 chart trigger). I should say that I don't particularly like trading the Swissie. Still, just sayin'.
One common rule I have come across that a lot of experienced traders share is never trade the Swissy!!
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
1qaz2wsx33 wrote:LeMercenaire wrote:Possible short set-up on the USDCHF (H4 chart trigger). I should say that I don't particularly like trading the Swissie. Still, just sayin'.
One common rule I have come across that a lot of experienced traders share is never trade the Swissy!!
It's a very good rule to follow - unless of course you learned to yodel at your banker grandfather's knee
- aliassmith
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Re: Lem's Big Box O' Stuff.
LeMercenaire wrote:1qaz2wsx33 wrote:LeMercenaire wrote:Possible short set-up on the USDCHF (H4 chart trigger). I should say that I don't particularly like trading the Swissie. Still, just sayin'.
One common rule I have come across that a lot of experienced traders share is never trade the Swissy!!
It's a very good rule to follow - unless of course you learned to yodel at your banker grandfather's knee
I was looking at the EUR/CHF the night before they unpegged it. There was a nice setup short that I ended up scalping because I didn't want to leave the position on while I was sleeping. Turns out the little surprise that day with the unpegging caused a 2000 pip drop. The small private Island I could have bought.
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- LeMercenaire
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Re: Lem's Big Box O' Stuff.
LeMercenaire wrote:Interesting shape to GC.
You'd normally be thinking a rebound was coming - however it is pretty far into a drop already and probably more importantly, it's got the GBP in there, not what one would call the most stable of currencies around at the moment.
Having said that, shorting it [i]is always a pretty good play[/i]
GBPCADDailyreboundComingMaybe25thJuly19.png
Sure enough, turns out there was still both room and time available for another move South.
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
We're still waiting here, however. We shall see what Monday brings.
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
Well, that's something to look forward to next week but for now, have a great weekend, all and I will see y'all on the other side.
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
OK, not quite gone yet.
Before I finally drag my a** out of here, I thought I'd stick up a list of next week's possibles.
With no recommendations as to what ones may be more likely than others...
As I said, we shall see what happens.
Gone now...honest injin'.
Before I finally drag my a** out of here, I thought I'd stick up a list of next week's possibles.
With no recommendations as to what ones may be more likely than others...
As I said, we shall see what happens.
Gone now...honest injin'.
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
Well, ok then.
Time to check how our short-list did today.
Coming up to bat, we'll see them in the same order I posted on Friday, just to keep it simple.
This is doin' a star turn, solid drop. We are beginning to see a twist in the Lightning Kumo however, so it'll be interesting to see if we get a pull back tomorrow.
Classic entry off a double-doji.
Nothing too exciting here but it's not going backwards, so that's something.
Nothin' fancy here either but this has room to drop against that big momo candle on the left.
Nothing...nada...zeeeeeeerroooooooooo...
This one however kicked off nicely
Then back to earth here, where price is still well and truly stuck in the mud.
So, overall, pretty good, with potential to go bigger and little sign of any downside so far.
Time to check how our short-list did today.
Coming up to bat, we'll see them in the same order I posted on Friday, just to keep it simple.
This is doin' a star turn, solid drop. We are beginning to see a twist in the Lightning Kumo however, so it'll be interesting to see if we get a pull back tomorrow.
Classic entry off a double-doji.
Nothing too exciting here but it's not going backwards, so that's something.
Nothin' fancy here either but this has room to drop against that big momo candle on the left.
Nothing...nada...zeeeeeeerroooooooooo...
This one however kicked off nicely
Then back to earth here, where price is still well and truly stuck in the mud.
So, overall, pretty good, with potential to go bigger and little sign of any downside so far.
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