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USDCHF 28.05.2014
Участник с Feb 12, 2012
63 комментариев
May 28, 2014 at 17:21
Участник с Feb 12, 2012
63 комментариев
Anyone watching overbought USDCHF today?
Will it form a shooting star or engulfing pattern today/tomorrow with the 200P SMA sitting right on its top (D1 chart) and then collapse? Or will it attempt to touch psych level 0.90000 before it will eventually reverse?
k4y
Will it form a shooting star or engulfing pattern today/tomorrow with the 200P SMA sitting right on its top (D1 chart) and then collapse? Or will it attempt to touch psych level 0.90000 before it will eventually reverse?
k4y
Участник с Nov 21, 2011
1718 комментариев
May 28, 2014 at 19:29
Участник с Nov 21, 2011
1718 комментариев
Last Long signal was issued 20 days ago.
For the moment, there is no reason to sell this pair. (no sell signal on market)
Let's see how market will react from this psycho level.
https://www.myfxbook.com/forex-charts/USDCHF,D1/22601
For the moment, there is no reason to sell this pair. (no sell signal on market)
Let's see how market will react from this psycho level.
https://www.myfxbook.com/forex-charts/USDCHF,D1/22601
Участник с Oct 11, 2013
775 комментариев
May 29, 2014 at 03:44
Участник с Oct 11, 2013
775 комментариев
Seems like there will be continuation of the uptrend. On the weeklly chart the pair has a wide space to run.
Участник с Feb 12, 2012
63 комментариев
May 29, 2014 at 23:44
Участник с Feb 12, 2012
63 комментариев
Last candlestick a hanging man and still below the 200-days-SMA...
Участник с Nov 21, 2011
1718 комментариев
May 30, 2014 at 07:28
Участник с Nov 21, 2011
1718 комментариев
No sell signal while market is above 0.8950
Участник с Feb 12, 2012
63 комментариев
May 30, 2014 at 10:32
Участник с Feb 12, 2012
63 комментариев
Sometimes it's worth to try/risk an early entry.
If there is no bearish signal in day chart yet, you could find one in a lower timeframe (i.e. 15min or 30min chart), open a short position based on that signal, let it run into profit, continuously keeping an eye on the higher timeframes. As soon as a signal occures in a higher TF, switch over to that TF, increase the distance of TP level accordingly, and so on...
If there is no bearish signal in day chart yet, you could find one in a lower timeframe (i.e. 15min or 30min chart), open a short position based on that signal, let it run into profit, continuously keeping an eye on the higher timeframes. As soon as a signal occures in a higher TF, switch over to that TF, increase the distance of TP level accordingly, and so on...
Участник с Nov 21, 2011
1718 комментариев
May 30, 2014 at 11:03
Участник с Nov 21, 2011
1718 комментариев
Участник с Feb 12, 2012
63 комментариев
May 31, 2014 at 16:58
(отредактировано May 31, 2014 at 17:07)
Участник с Feb 12, 2012
63 комментариев
Well, USDCHF found resistance at the SMA200 (day chart) and formed a nice red bar on Friday. In hourly chart price clearly broke SMA200 support, retraced back to SMA200 and closed below it.
I further predict that it will continue to fall during the comming week and my next targets would be the SMA200 in 4-hours chart and the Ichimoku cloud / 50%-Fibo in day chart.
CrazyTrader, you said you don't trade in low time frames and that you follow the trend. But if you open weekly chart and monthly chart, you will see that USDCHF is in strong downtrend!
I further predict that it will continue to fall during the comming week and my next targets would be the SMA200 in 4-hours chart and the Ichimoku cloud / 50%-Fibo in day chart.
CrazyTrader, you said you don't trade in low time frames and that you follow the trend. But if you open weekly chart and monthly chart, you will see that USDCHF is in strong downtrend!
Участник с Nov 21, 2011
1718 комментариев
May 31, 2014 at 17:22
Участник с Nov 21, 2011
1718 комментариев
KayS posted:
CrazyTrader, you said you don't trade in low time frames and that you follow the trend. But if you open weekly chart and monthly chart, you will see that USDCHF is in strong downtrend!
That is correct and the daily chart above shows that bearish trend. Sell signal has now been provided by market breaking down 0.8950 as mentionned above.
However, this pair seems to developp a stronger bullish move. Only a daily close below 0.8800 would cancel this outlook.
Участник с Feb 12, 2012
63 комментариев
May 31, 2014 at 18:32
Участник с Feb 12, 2012
63 комментариев
0.8800? Are you serious?
My short entry will be with the first strong bearish momentum bar in H1, M30 or even M15 after the markets open on Monday.
My short entry will be with the first strong bearish momentum bar in H1, M30 or even M15 after the markets open on Monday.
Участник с Nov 21, 2011
1718 комментариев
Jun 02, 2014 at 09:04
Участник с Nov 21, 2011
1718 комментариев
CrazyTrader posted:KayS posted:
However, this pair seems to developp a stronger bullish move. Only a daily close below 0.8800 would cancel this outlook.
I vounched for you for your trading style description:
'Specializing in trend-following price breakouts with a strong rise in volume (momentum)...' => Keep following the trend... not only for 2 hours.
My followers are about to close 50 pips on being Long USDCHF @ 0.8941 from last friday: (Signal received by email)
=> If anyone interested... Check out my blog.
Участник с Nov 21, 2011
1718 комментариев
Участник с Nov 21, 2011
1718 комментариев
Jun 05, 2014 at 14:06
Участник с Nov 21, 2011
1718 комментариев
When I talked about a stronger move higher... You see what I meant now.
Участник с Feb 12, 2012
63 комментариев
Jun 05, 2014 at 15:08
(отредактировано Jun 05, 2014 at 15:09)
Участник с Feb 12, 2012
63 комментариев
There was a bullish spike today caused by fundamental news but price didn't close above SMA200 yet (day chart).
Thanks for the voucher btw :)
Thanks for the voucher btw :)
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