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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:

CHF

Discuss CHF
 
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DaveO
N.Cornwall, UK
Posts: 5733
14 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.
said
mulhouse, France
Posts: 2822
14 years ago
Nov 17, 2010 19:35
swissie back at parity
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Nov 17, 2010 19:22
Imo H&S plays little role in fx however in EURCHF in 1 week chart looks much like a spider top
that appears significant ..any way i am short EUR everything
Alex
Bristol, UK
Posted Anonymously
14 years ago
Nov 17, 2010 19:17
Hi, Ashraf

Thanks for your analysis. But don't you see a bigger inv. H&S on EURCHF daily? It seemed to have just bounced off the tip of right shoulder 4 days ago.

Thanks

Alex
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 17, 2010 19:09
Regarding that H&S on the daily EURCHF (Not USDCHF), Starting from Sep lows. The left shoulder is a little TOO LOW relative to the head, but the whole pattern remains valid. As long as we do NOT close above 1.3480-90, EURCHF seems heading for a 250-300 pt decline towards 1.3250 as an interim.

I cannot make such forecasts without raising questions about USDCHF and EURUSD.

Thus, if i anticipate 1.3280-1.3250 as prelim in EURCHF, it is feasible to expect EURUSD around $1.33, which gives me about parity in USDCHF. And the likelihood of seeing 1.33 in EURUSD is very strong once we CLOSE close below 1.3490.

These are ways to reason through your forecasts and trades

Ashraf
Ignore
Negril, Jamaica
Posted Anonymously
14 years ago
Nov 17, 2010 15:51
DaveO..just one thing re: Ashraf..I read all his postings, tweets etc, and videoz and his football skill display..
have great respect for his views...(yours also)

gone fishin y'all
Ignore
Negril, Jamaica
Posted Anonymously
14 years ago
Nov 17, 2010 15:42
puzz could be great end of year trade..smack
Ignore
Negril, Jamaica
Posted Anonymously
14 years ago
Nov 17, 2010 15:38
below 13152?
Ignore
Negril, Jamaica
Posted Anonymously
14 years ago
Nov 17, 2010 15:36
yo gringopuzz..hyena on daily see 13374 9/28 compared to 11/16 same price action..same high...time to add below
13352? cant get 100 pipo yet from 13310 x 3..wasup?
Ignroe
Negril, Jamaica
Posted Anonymously
14 years ago
Nov 17, 2010 13:54
DaveO''I am here to visit with puzziox and subways, long time exp traders..only reason for me.
have observed AL for years on his original forum

keep up your ideas..
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