Eclectic

Hi Guys !

I thought it would be nice of me to bring to your attention the following charts. Kind of a christmas present to B1S2 and all others following this thread.

Here it goes.

Daily.

p.s. pls do your own dd....
 

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I should have mentioned IB-FX Interbank (not sure about other FX brokers) doesn't have volume or quotes for the CHF-CAD, it does have CAD-CHF...so the position should be short...
 
Yen looks extremely bullish here. I will hold my full long position here. James, I'll look at the Swiss/Canadian thing. Your charts are interesting. Thanks for the heads up!
 
Quote from Buy1Sell2:

Yen looks extremely bullish here. I will hold my full long position here. James, I'll look at the Swiss/Canadian thing. Your charts are interesting. Thanks for the heads up!
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But I was right for around 170 pips going long USD :)
 
Quote from JSSPMK:

But I was right for around 170 pips going long USD :)
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We are on different time frames. :)

Also James, I only trade futures, so the only way for me to do the Swiss/ Canadian would be to trade Swiss long versus USD and short Canadian versus dollar. I'll keep an eye on it.
 
Quote from Buy1Sell2:

We are on different time frames. :)

Also James, I only trade futures, so the only way for me to do the Swiss/ Canadian would be to trade Swiss long versus USD and short Canadian versus dollar. I'll keep an eye on it.
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That's a way to do it.

I knew you had an issue with FX cash. I did also until IB's FX platform came around.

Just for your reference Interactive Brokers FX platform is direct interbank based, the only way to trade FX non-US pairs imo. All others brokers operate similar to bucket shops of the past, not a good thing.

(Also if holding just one position for a long period, like this case suggests, there could be lower carrying expenses...)

Just food for thought of course.

Cheers and have a great weekend!
 
Quote from Buy1Sell2:

We are on different time frames. :)

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Of course, if JPY closes lower today and weekly bar effects histogram in such a way that it will show a bearish divergence, then would you still treat it as a retracement rather than a bounce/reverse? TY!
 
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