[TW] 09-04-2012 AUD/CHF long by Lupos

Trading Discussion
1

Pair: AUD/CHF (Daily)

Long or short: Long

Chart:

audchf.jpg700×329 45.4 KB

CHF looking at eur/chf is in a very low position, you can go long also in eur/chf but AUD/chf give me better Swap.
In the chart we can see a old criss cross (green) with stochastic and now we have a good support line (yellow), and a strong resistence (red).
We can do our tradings in this convergence triangle.

As i said last week:
http://forums.babypips.com/readers-choice-trade-week/43937-tw-04-02-2012-aud-chf-long-lupos-its-me.html
aud is raising up to 95-97 so no problem to go long in this cross.

If you had opened position previous week you can move up the SL, waiting for 0,95 1st TP

Entry: market 0,9440 or 0,9410 after retrachemnt
some good news for AUD incoming in this week, euro is flat in this week.

Stop loss: Initial stop at 0,93.

Reward-to-risk: It’s a potential 2:1 return.

Target: first, 0,95 and 0,96

2

Buoght at 0,940 … Catched :slight_smile:

Buoght at 0,910 after retracement … Catched =-O

Reach 0,95 at 1st take profit … Catched o_O

That s enough …

Waiting for 0,96 … maybe next week.

3

Good one!

By the way, is your recommended trade long EURCHF still valid? EURCHF is still around 1.2019, very near to the all important level of 1.2000 set by SNB. Unlike AUDCHF, EURCHF hardly move.

4

sincerelly??

i don’t know!!!

:slight_smile:

In my positions i’ve long in AUD/CHF and i keep open until 0.96 and SL at 0,93 so now is a reverstal Reward to risk: 1:2 …

5

ok, i’m luky, i’ve see the cross soffering today and i’ve close 1 position at 0.9555… just in time…

Now i think is a good time to go long 0.9482 at the moment.

Don’t understimate the bounce at 0.945

6

I miss your signal. So I am still holding to the long AUDCHF.

Do you think 0.9600 is possible for AUDCHF?

7

I think yes.

but maybe next week and with big drawdown down to 0,935
So take your position with care.

8

I have put my stop loss at cost, that is, 0.9440. Do you think it is a wise move?

Assuming that AUDCHF really go down to 0.9350, don’t you think we are better off executing another long AUDCHF @ 0.9350?

9

i’m sorry i read now your message, i’ve never say to put SL at 0,9440 it’s too tiny.

Initially i’ve sayed:

Stop loss: Initial stop at 0,93.

than:

but maybe next week and with big drawdown down to 0,935
So take your position with care.

…“with care”.

bounces on AUD/CHF depends from CHF and CHF for my vision of that depends from Swiss National Bank decision but also from the climate on the Euro Zone.

i take a look at AUD/CHF and EUR/USD: if one go down the other go up and viceversa.