Wednesday July 19 at 8:45 ET
Re-enter TS #113F Sell GBP/CHF at 2.2955 - 2.2960
Stop is 2.2981
Target #1 is 2.2710
Target #2 is 2.2570
Target #3 is 2.2350
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For research purposes only.
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Previous trade signals and comments:
Update as of 6:00 ET Wednesday July 19
TS #113E Sell GBP/CHF at 2.2957
Stop is 2.2974
Target #1 is 2.2710
Target #2 is 2.2570
Target #3 is 2.2350
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TS #113D Revise target on Short GBP/CHF at 2.2875 <hr style="color: rgb(209, 209, 225);" size="1"> <!-- / icon and title --> <!-- message --> Update as of 20:00 ET Tuesday July 18:
Upon further analysis we believe that GBP/CHF will rise in one more upwards pulse before the trend reversal will occur. Therefore revise target to 2.2850. (In other words, exit at an opportune time)
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Update as of 14:30 ET Tuesday July 18:
GBP/CHF has shot up to 2.2904, 190 pips higher than our last attempt to short it. It is in a good short position now, we believe. The price has risen to touch the top trendline going back to June 29, 2005.
TS #113D Re-Enter Sell GBP/CHF at 2.2875
Stop is 2.2921
Target #1 is 2.2675
Target #2 is 2.2570
Target #3 is 2.2350
Risk is 61 pips
Reward is 185 / 290 / 510 pips
Reward : Risk ratio is 3.0 / 4.75 / 8.3 to 1
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TS #113C Re-Enter Sell GBP/CHF at 2.2715 <hr style="color: rgb(209, 209, 225);" size="1"> <!-- / icon and title --> <!-- message --> According to the following signals, our system advised selling GBP/CHF on July 10 at 2.2660, a bit too early. We narrowly missed being stopped out on July 12. The price has gone down and up twice, and has finally come to what we believe is the end of the upwards swing trend, or near to the end. On July 12 we stated "Re-enter short position if necessary if it rises again to close to 2.2690. New stop should be 2.2711." This morning the price rose to 1.2710.
For safety, we recommend shorting GBP/CHF only if it rises once more to 2.2715. Place stop at 2.2736. This will be an excellent trade if it materialises.
TS #113C Re-Enter Sell GBP/CHF at 2.2715
Stop is 2.2736
Target #1 is 2.2175
Risk is only 36 pips
Reward is 525 pips
Reward : Risk ratio is 14.6 to 1
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Update on TS #113B Sell GBP/CHF at 2.2660 <hr style="color: rgb(209, 209, 225);" size="1"> Wednesday July 12, 2006 2:45 ET
The following trade signal to short GBP/CHF was triggered, when the price rose to 2.2678, missing the stop by 8 pips. The price then fell quickly 85 pips to 2.2593. The price then bounced back up to 2.2660. We think it will be heading south again now.
We interpret this downwards and upwards move to be Wave 1 down (impulse) and Wave 2 up (corrective) of the beginning of a new downwards trend.
Wednesday July 12, 2006 at 7:00 ET
GBP/CHF rose to 2.2690, 4 pips past our stop. According to our stop adjusting procedure, the stop should have been adjusted to 2.2698, which is 8 pips above the new high. GBP/CHF then fell quickly to 2.2645. Re-enter short position if necessary if it rises again to close to 2.2690. New stop should be 2.2711. It was due to an error in executing our analysis that the original entry was too soon.
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Monday July 10, 2006 12:45 ET
TS #113B Sell GBP/CHF at 2.2660
Stop is 2.2686
Target #1 is 2.2175
Risk is 40 pips
Reward is 470 pips
Reward : Risk ratio is 11.8
http://www.forexfactory.com/forexfo...2FCHF#post73024
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Re-enter TS #113F Sell GBP/CHF at 2.2955 - 2.2960
Stop is 2.2981
Target #1 is 2.2710
Target #2 is 2.2570
Target #3 is 2.2350
<!-- / icon and title --> <!-- message -->
For research purposes only.
_______________________________________________
Previous trade signals and comments:
Update as of 6:00 ET Wednesday July 19
TS #113E Sell GBP/CHF at 2.2957
Stop is 2.2974
Target #1 is 2.2710
Target #2 is 2.2570
Target #3 is 2.2350
__________________________________________
TS #113D Revise target on Short GBP/CHF at 2.2875 <hr style="color: rgb(209, 209, 225);" size="1"> <!-- / icon and title --> <!-- message --> Update as of 20:00 ET Tuesday July 18:
Upon further analysis we believe that GBP/CHF will rise in one more upwards pulse before the trend reversal will occur. Therefore revise target to 2.2850. (In other words, exit at an opportune time)
_______________________________-
Update as of 14:30 ET Tuesday July 18:
GBP/CHF has shot up to 2.2904, 190 pips higher than our last attempt to short it. It is in a good short position now, we believe. The price has risen to touch the top trendline going back to June 29, 2005.
TS #113D Re-Enter Sell GBP/CHF at 2.2875
Stop is 2.2921
Target #1 is 2.2675
Target #2 is 2.2570
Target #3 is 2.2350
Risk is 61 pips
Reward is 185 / 290 / 510 pips
Reward : Risk ratio is 3.0 / 4.75 / 8.3 to 1
________________________________________
TS #113C Re-Enter Sell GBP/CHF at 2.2715 <hr style="color: rgb(209, 209, 225);" size="1"> <!-- / icon and title --> <!-- message --> According to the following signals, our system advised selling GBP/CHF on July 10 at 2.2660, a bit too early. We narrowly missed being stopped out on July 12. The price has gone down and up twice, and has finally come to what we believe is the end of the upwards swing trend, or near to the end. On July 12 we stated "Re-enter short position if necessary if it rises again to close to 2.2690. New stop should be 2.2711." This morning the price rose to 1.2710.
For safety, we recommend shorting GBP/CHF only if it rises once more to 2.2715. Place stop at 2.2736. This will be an excellent trade if it materialises.
TS #113C Re-Enter Sell GBP/CHF at 2.2715
Stop is 2.2736
Target #1 is 2.2175
Risk is only 36 pips
Reward is 525 pips
Reward : Risk ratio is 14.6 to 1
_____________________________________
Update on TS #113B Sell GBP/CHF at 2.2660 <hr style="color: rgb(209, 209, 225);" size="1"> Wednesday July 12, 2006 2:45 ET
The following trade signal to short GBP/CHF was triggered, when the price rose to 2.2678, missing the stop by 8 pips. The price then fell quickly 85 pips to 2.2593. The price then bounced back up to 2.2660. We think it will be heading south again now.
We interpret this downwards and upwards move to be Wave 1 down (impulse) and Wave 2 up (corrective) of the beginning of a new downwards trend.
Wednesday July 12, 2006 at 7:00 ET
GBP/CHF rose to 2.2690, 4 pips past our stop. According to our stop adjusting procedure, the stop should have been adjusted to 2.2698, which is 8 pips above the new high. GBP/CHF then fell quickly to 2.2645. Re-enter short position if necessary if it rises again to close to 2.2690. New stop should be 2.2711. It was due to an error in executing our analysis that the original entry was too soon.
_______________________________________________ ___
Monday July 10, 2006 12:45 ET
TS #113B Sell GBP/CHF at 2.2660
Stop is 2.2686
Target #1 is 2.2175
Risk is 40 pips
Reward is 470 pips
Reward : Risk ratio is 11.8
http://www.forexfactory.com/forexfo...2FCHF#post73024
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