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GBP/CHF

  • #21
  • Sep 29, 2006 11:01am Sep 29, 2006 11:01am
Yeah, GBP/JPY and GBP/CHF have a correlation of +94, that means they go the same way most of the time. So if you take a long-side trade on one pair and a short-side trade on the other, you will very likely lose on one of them, and vice versa.
  • #22
  • Sep 29, 2006 11:15am Sep 29, 2006 11:15am
Quoting branac
Yeah, GBP/JPY and GBP/CHF have a correlation of +94, that means they go the same way most of the time. So if you take a long-side trade on one pair and a short-side trade on the other, you will very likely lose on one of them, and vice versa.
Well not only that, but the main point being that you double your risk. You should be thinking, "Oh crap, I can lose twice..."
Mr. Trend
  • #23
  • Sep 29, 2006 11:59am Sep 29, 2006 11:59am
Quoting Mr Trend
Well not only that, but the main point being that you double your risk. You should be thinking, "Oh crap, I can lose twice..."
Or win twice, lol.
I am JuMPeR.
  • #24
  • Sep 29, 2006 2:09pm Sep 29, 2006 2:09pm
Thank u. Yes big help!!! It is so nice having a support system in place. Thank you for sharing this info Mr. Mouteki. I have NEVER been this successful trading. And I do mean NEVER!
  • #25
  • Sep 30, 2006 1:24pm Sep 30, 2006 1:24pm
;-)
I am JuMPeR.
  • #26
  • Oct 1, 2006 2:21am Oct 1, 2006 2:21am
GBP/CHF looks like a very interesting setup this week. Bullish and bearish trendlines are converging and one will be broken probably on monday. I have an upside projection of 98 pips and a downside projection of 493 pips so I'd favour a long if anything. This backs up the long signals for GU and GY late last friday and would suggest the pound will take back some losses on Monday.

SC
  • #27
  • Oct 1, 2006 3:26am Oct 1, 2006 3:26am
Quoting soul cactus
GBP/CHF looks like a very interesting setup this week. Bullish and bearish trendlines are converging and one will be broken probably on monday. I have an upside projection of 98 pips and a downside projection of 493 pips so I'd favour a long if anything. This backs up the long signals for GU and GY late last friday and would suggest the pound will take back some losses on Monday.

SC
my thaughts also, other indicators beside mouteki are showing long is favoured now
  • #28
  • Oct 2, 2006 3:19am Oct 2, 2006 3:19am
My Charts are showing SHORT signal, but divergence is evident with this pair and I am not going Short

What about you guys?
  • #29
  • Oct 2, 2006 5:21am Oct 2, 2006 5:21am
My analysis shows a short signal, along with fibonacci trading, but my discretion does not fully support this trade, so I think I will rather avoid this one.
  • #30
  • Oct 2, 2006 5:46am Oct 2, 2006 5:46am
Another nice way to validate entry is to check what the sister pair is doing. EURGBP is NOT giving an entry long at this time. Inverse pairs. Therefore, no trade at this time.

My 2.
regards

Quoting TheWicker
My analysis shows a short signal, along with fibonacci trading, but my discretion does not fully support this trade, so I think I will rather avoid this one.
  • #31
  • Oct 3, 2006 8:31am Oct 3, 2006 8:31am
hello
i wonder if this thread is still dealing with the 15 pips spread pair !

just a look at previous chance

best regards
Attached Image
  • #32
  • Oct 3, 2006 8:38am Oct 3, 2006 8:38am
But you didn't see the previous short that is still waiting to be stopped out!
I am JuMPeR.
  • #33
  • Oct 3, 2006 8:53am Oct 3, 2006 8:53am
Quoting jumper
But you didn't see the previous short that is still waiting to be stopped out!
the main mistake i found in mouteki trading section is drawing a 10 degree trend line and just calling it a demand / supply line !!!

a correct demand / supply line which is less than a 30 degrees slope is not valid in any way , u will get stopped out several times before u use the command ( trend line by angle ) and not just ( trend line ) in ur charting software.

best regards
  • #34
  • Oct 3, 2006 9:03am Oct 3, 2006 9:03am
Quoting samyadly
the main mistake i found in mouteki trading section is drawing a 10 degree trend line and just calling it a demand / supply line !!!

a correct demand / supply line which is less than a 30 degrees slope is not valid in any way , u will get stopped out several times before u use the command ( trend line by angle ) and not just ( trend line ) in ur charting software.

best regards
If Mouteki said a horizontal line is fine, surely 10 degrees is ok too?
I am JuMPeR.
  • #35
  • Oct 3, 2006 9:23am Oct 3, 2006 9:23am
Quoting jumper
If Mouteki said a horizontal line is fine, surely 10 degrees is ok too?
Hmmm, maybe he was talking about 10 degrees away from a vertical line, that would make it an 80 degrees line ... now that sounds more like what Mouteki said: don't use a too steep trend line, it could be just a retracement ...
  • #36
  • Oct 3, 2006 9:28am Oct 3, 2006 9:28am
Quoting branac
Hmmm, maybe he was talking about 10 degrees away from a vertical line, that would make it an 80 degrees line ... now that sounds more like what Mouteki said: don't use a too steep trend line, it could be just a retracement ...
80 degrees is definitely too steep. But he did bring up a valid observation. That line broken was indeed 10 degrees...
I am JuMPeR.
  • #37
  • Oct 3, 2006 9:33am Oct 3, 2006 9:33am
Quoting jumper
80 degrees is definitely too steep. But he did bring up a valid observation. That line broken was indeed 10 degrees...
Oh i c, but why would a 10 degrees line be a problem? It certainly does not show a strong trend ...
  • #38
  • Oct 3, 2006 9:38am Oct 3, 2006 9:38am
Quoting branac
Oh i c, but why would a 10 degrees line be a problem? It certainly does not show a strong trend ...
I think he feels that 10 deg is suggestive of whipsaws... can't answer for him.
I am JuMPeR.
  • #39
  • Oct 3, 2006 10:28am Oct 3, 2006 10:28am
Quoting jumper
I think he feels that 10 deg is suggestive of whipsaws... can't answer for him.
hello dear

i'll call trend lines : dem-sup lines , which stand for demand/supply.
from my point of view , the perfect dem-sup line have a 45 degree inclination , any slope less than 45 degree can still make profit in forex , but , on the long run , only correct things last longer !

if u review any book about technical analysis of stocks , forex , etc..
u'll get that point clear .

the idea is , the dem-sup line shouldn't cover a large span (a large period of time i mean ) , yet it should have a slope between ( 20 - 60 ) degree , which i insist on being so important and keeps out any false signals ..

i'm here to learn coz i'm a newbie

finally , wish u best of luck
  • #40
  • Oct 3, 2006 10:42am Oct 3, 2006 10:42am
Quoting samyadly
hello dear

i'll call trend lines : dem-sup lines , which stand for demand/supply.
from my point of view , the perfect dem-sup line have a 45 degree inclination , any slope less than 45 degree can still make profit in forex , but , on the long run , only correct things last longer !

if u review any book about technical analysis of stocks , forex , etc..
u'll get that point clear .

the idea is , the dem-sup line shouldn't cover a large span (a large period of time i mean ) , yet it should have a slope between ( 20 - 60 ) degree , which i insist on being so important and keeps out any false signals ..

i'm here to learn coz i'm a newbie

finally , wish u best of luck
I agree with the rationale, but am unsure over the exact numbers. It has been discussed that the break of a 45 degree line is most optimal; but as for the exact angle (or range) that will make a trade a bad one... this is something I am not able to pinpoint definitely yet.

But I do think this will be a very effective filter.
I am JuMPeR.
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