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Thread: Gbp/chf short

  1. #1
    salimvp's Avatar
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    Default Gbp/chf short

    SHORT GBP/CHF,

    CHART TF: Daily.

    Name:  GBPCHF.jpg
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    LONG or SHORT: SHORT

    ENTRY: Between 1.5015-5030.

    STOP: 1.5100

    TP: 1.4900 and 1.4850

    R:R - Possible 2:1 (Need Patience)

    Trade Based on Price Action. The pair yesterday print as a Pin Bar at 1.5025 are which is a Resistance and of course 1.5025 is a Fib 61.8 extension (I don't know how to say the extension) The Fibo, the Pin bar and resistance showing at green line is confirming the pair want to go south. Moreover the daily Chart showing a HL, LH, LH pattern clearly.

    SO here going for a short..


    Good Luck Guys.

    .
    Last edited by salimvp; 12-11-2012 at 11:46 PM.
    Judea12 likes this.
    "Trade what you see, Not what you think"

    "Forex trading is simple, People make it difficult"

    "Patience is Virtue, So patiently wait for a good set up"


  2. #2
    salimvp's Avatar
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    Trade Update: Triggered for Short at 1.5020.


    Now Fingers Crossed....


    .
    "Trade what you see, Not what you think"

    "Forex trading is simple, People make it difficult"

    "Patience is Virtue, So patiently wait for a good set up"

  3. #3
    salimvp's Avatar
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    Now the pair moved +70 pips to my direction which is 1.4950, Now STOP Moved to BE.


    .
    "Trade what you see, Not what you think"

    "Forex trading is simple, People make it difficult"

    "Patience is Virtue, So patiently wait for a good set up"

  4. #4
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    mastergunner99 is offline FX-Men Honorary Member
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    Good call. I went long on it. Down 64 pips at the moment.
    Price Action Hero - It's a Blog.

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    salimvp's Avatar
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    Quote Originally Posted by mastergunner99 View Post
    Good call. I went long on it. Down 64 pips at the moment.
    OMG.!!! Cut your loss and Run. Anyway what was your plan?


    .
    Last edited by salimvp; 12-12-2012 at 01:35 PM. Reason: Spelling
    "Trade what you see, Not what you think"

    "Forex trading is simple, People make it difficult"

    "Patience is Virtue, So patiently wait for a good set up"

  6. #6
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    Quote Originally Posted by salimvp View Post
    OMG.!!! Cut your loss and Run. Anyway what was your plan?


    .
    I'm not panicking at all. It's just one of five currently losing trades in a bucket of 20 open trades I have. At 4pm I'll have a look and see what I plan to do with it.
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  7. #7
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    Default Change Chart

    Okey guys... trade close with a +123.4 pips profit at 1.4897. It gave me 1.75:1 Reward to risk.


    Name:  GBPCHF.jpg
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    Looking for next setup.


    Happy pipping guys.

    .
    Last edited by salimvp; 12-13-2012 at 11:03 AM.
    "Trade what you see, Not what you think"

    "Forex trading is simple, People make it difficult"

    "Patience is Virtue, So patiently wait for a good set up"

  8. #8
    NewbTrader is offline Junior Member
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    i took my profit too early only 60 pips, i was waiting to hit my retrace levels to short, but it never hit...
    i missed out....

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    Quote Originally Posted by NewbTrader View Post
    i took my profit too early only 60 pips, i was waiting to hit my retrace levels to short, but it never hit...
    i missed out....
    Anyway you banked 60 pips. That's was good trade. Don't think about the further movement of the pair. Focus on the next setup.


    The reason I close the trade is seeing a support at 1.4900 area and It might hold some times and tomorrow friday. The pair may move at next support between 1.4830-4850.


    Let's see how it going.


    .
    Last edited by salimvp; 12-13-2012 at 11:28 AM. Reason: spelling
    "Trade what you see, Not what you think"

    "Forex trading is simple, People make it difficult"

    "Patience is Virtue, So patiently wait for a good set up"

  10. #10
    salimvp's Avatar
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    Quote Originally Posted by salimvp View Post

    The reason I close the trade is seeing a support at 1.4900 area and It might hold some times and tomorrow friday. The pair may move at next support between 1.4830-4850.
    Well, It hit the exact second TP and the above mentioned Support level.

    Happy weekend.
    "Trade what you see, Not what you think"

    "Forex trading is simple, People make it difficult"

    "Patience is Virtue, So patiently wait for a good set up"

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