Trade Idea - Usd/Chf

Trading Systems
1

Hi fellow pipsters, im new to all of this posting, but not new to forex :slight_smile:

I have a trade idea, its a counter trend trade, abit dangerous, but with correct money management its worth the risk.

The Idea

Sell 2 lots @ 1.1350
Stop @ 1.1450

Target 1 @ 1.1150 (once this is hit, move the remaining lot’s stop to entry)
Target 2 @ Unknown at present. I will post when I’m going to exit.

My first target is always the total risk I’m taking with both positions, in this case 200 pips. Remember, calculate everything, I personally never risk more than %5 of my account.

Anyway, good luck all.

2

I wouldnt refer to this trade as counter trend because the long term trend is down. I guess you mean counter-current trend(4h-1H). I like this trade for one reason only and its because i’m looking to go short on formations from my system.

3

Hi m8,

I dont know what time frame, indicators or method you use to gauge a trend, but on my charts and by my knowledge looking at the daily charts the trend is currently up and about to reverse. On weekly and monthly, the trend is down.

I use moving averages and candlestick analysis to gauge the trend. You never said why you like this trade, and why you would trade it.

I’d like to read your analysis of the pair :slight_smile:

Thx.

4

I said the only reason I liked it is because i’m also looking to go short. The market is now testing a down TL on the monthly/weekly so if it pull back then my entries will be after the retracemnts.

5

Hi guyz,

Well the market moved over a hundred pips in our favour, but didnt hit our first target :smiley:

I’m gonna move both lot’s stop down to 1.1315, just to protect some profits and see what happens.

6

Hi all,

Well both our lot’s were stopped out, but at least we were able to grab some pips :smiley:

Result : 70+ pips! (From both lot’s)

7

Theres a crown forming o the 4H of this pair. This if forms will further strengthen my bearish bias.