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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 901
Forum Topic:

CHF

Discuss CHF
 
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catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 19, 2010 21:21
The algorithmic chart astrologer was right. EUR weakens CHF rises. Of course currency strength meter has shown this before.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 19, 2010 18:36
The automated fortune teller candle pattern anaylzer spots hanging man in some EUR crosses at the top. Completed by a gravestone doj! So for EURCHF.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 18, 2010 20:42
Imo JPY weakness reuslts from US ecnomy data while CHF reacted on a possible Ireland bailout.
No new USDx weakness in sight. And hence no EURUSD rally either. The relative currency strength EUR vs USD has not increased although USDx came down . Imo EURUSD trades won't be profitable for a while.
DaveO
UK
Posted Anonymously
13 years ago
Nov 18, 2010 20:11
The eurchf H&S idea did not trigger a short. As you said catnip H&S does not always play (plenty do) but this one was invalidated long before any short was triggered. All H&S's are only potential until price breaks the required direction to validate.

I think Ashraf's comment today will be valid ref binary interpretations likely to prevail for the DX. Things could become a little more challenging.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 18, 2010 18:39
In absolute currency strength EUR contiues to be weak but a bit up while both CHF and JPY became very weak on greatly improved US data, CHF the weakest currency today.
If somwhat reduced QE can stir up stock rally - I do not believe the present rally has legs -
then USDx will stay between 78 and 79 with bullish outlook.
Should the stock and commodity rally falter USDx will climb to 90 by 2011.
So to play USD weakness is over for a while, however CHF weakness will not persist.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Nov 18, 2010 18:35
Ashraf, what happened to the EUR.CHF H&S pattern? I guess problem is that already lots of retail forex traders are following you and it is good to use your calls as initial contrary indicators for squeezes. And that is what I am doing.
Another recent example is your USD.CHF buy call at 0.9800 with target 1.0100+ So a contrary trader has to sell at 0.9800 with a target your stop (which was at 0.9550) and then after the squeeze reverse long and follow your initial call.
Keep on the good work. Your calls are good. But smart traders have to learn better ways to profit from them.
Best, Putko

Darth Vador
Paris, France
Posts: 4
13 years ago
Nov 18, 2010 18:14
It's better to play CHF weakness rather than Euro weakness... with this Irish thing any news or information and you can have a spike in one way or another... the US fundementals seems to improve and options players are targeting the 1.00 options linked to it.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 18, 2010 17:48
didn't I comment see below H&S plays almost no role in forex?
Unfortunately I am at some loss in EURCHF short.
Dukeb
California, United States
Posts: 1
13 years ago
Nov 17, 2010 22:38
Hello, Mr. Laidi.... Re: EURCHF
What needs to happen before a short? Could one short now or would it be better to wait for higher highs?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Nov 17, 2010 19:59
Alex, I don't see an inverted H&S on the daily. I see what Ashraf is referring to and a few more days of procrastination would improve the pattern, perish the thought ! If it proves valid I would anticipate new lows below the 1.2766. Its actually forming a decent pattern compared to many lopsided affairs one sees offered out there.
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