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

CHF

Discuss CHF
 
1...373839404142434445464748495051...91
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 5, 2011 16:24
I expect the gbpjpy to test 50% of last swing down @ 129.26. Also aligns with early Dec support/potential resistance.
Gunjack
London, UK
Posts: 1184
13 years ago
Jan 5, 2011 14:04
@Forextrader I'm guessing you weren't out marching with the rest of your student peers recently....Looks like you will cover your tuition fees nicely
forextrader
vologda, Russia
Posts: 127
13 years ago
Jan 4, 2011 22:15
Chole as I posted early this morning that I closed all my USD short position last night. I only have 2 lots long Cable/yen from last Friday.

I still think it is just a correction in the USD crosses, the overall trend in the AUD/USD, is bullish
And the USD/CAD and USD/CHF is bearish.
I will be looking to long AUD/USD and short USD/CHF when I see Good sign of Entry. For mean while I am very happy very happy with my Cable /yen position booked 800 pound last Friday and 5000 is floating profit at the moment.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 4, 2011 22:00
correction --- 0.9750 pivot low should read 0.9725 pivot low.
DaveO
UK
Posted Anonymously
13 years ago
Jan 4, 2011 21:57
The classical short entry was at 0.9750 when it took out the first pivot low @0.9755 on the daily chart. Prior to that pivot low it had made a 3 wave move up to Ashraf's first target at 1.0050 which happened to be perfect symmetry for a corrective move, thereby suggestive of new lows to follow below the 14th Oct low.

Only having data back to 1993 on this one makes it difficult to read now on the larger timeframes as my charts are showing all-time lows. However if I had to take a measured count from the oct 2000 high I would judge the pattern down may not yet be completed. Always lots of retracements along the way of course. First sign of a significant reversal would be back above the 1.0065. In the meantime play it scalpy I would suggest.
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 4, 2011 21:16
@fxtrader..that 1yr usdchf chart is nasty looking..but that sharp uptick what can be said of that?i thought it was concidered very bullish tech reversal..what do u or the forum think of it ..thanks gl:)
forextrader
vologda, Russia
Posts: 127
13 years ago
Dec 30, 2010 19:45
kleooo
i hope you followd my advice it did go down as i told you.
forextrader
vologda, Russia
Posts: 127
13 years ago
Dec 30, 2010 12:28
kleooo
don't try to be hero!! the pair is in downtrend in all time periode .
i made call in this fourm three days ago when the pair was at 0.96 to go short today it is at 0.938.
more down side in this pair.
BUT some time i am wrong, who knows!
kleooo
BG, Norway
Posts: 17
13 years ago
Dec 30, 2010 11:43
Hi Ashraf,
Do u see a turning in the chf strength. Seems like a good oppoturnity too long usdchf.

Regards
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 23, 2010 16:44
Nah, twas the 127.2% level
Report Reply
1...373839404142434445464748495051...91