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Strongest Short Signal

  • #1
  • First Post: Oct 8, 2006 2:43am Oct 8, 2006 2:43am
Currently usd/chf has the strongest short signal based on 4 hour charts, with an immediate target of 1.2315 approximately.

Kindly verify on your charts, and would appreciate comments.
  • #2
  • Oct 8, 2006 3:07am Oct 8, 2006 3:07am
Highest close in many months. I could post strong buy. I'm not posting that, but just hoping you will post more info on your strong sell rationale.
  • #3
  • Oct 8, 2006 3:45am Oct 8, 2006 3:45am
well my analysis is based on elliot, but on this screenshot other indicators are used just for confirmation purposes.

Time Series Forecast and Linear Regression.

The concept is simple, when both are close the market strength is strong, when they fall apart, the strength weakens and trend changes, as can be seen on the chart.

Apart from this simple concept the other factors are the extent of angle, and many other factors, which can be read only after prsistent long term use, cannot be explained in detail here.
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  • #4
  • Oct 8, 2006 3:51am Oct 8, 2006 3:51am
well my Firebird has about 15 shorts on the USDCHF so I hope you're right! hasn't it broke past a monthly high though? And don't you think fundamentals will prevail next week, or is this pair more resistant to NFP-type uphievals compared to cable and EURUSD?
TRADE FOR SWAP
  • #5
  • Oct 8, 2006 3:46pm Oct 8, 2006 3:46pm
Quoting cgldsmth
well my Firebird has about 15 shorts on the USDCHF so I hope you're right! hasn't it broke past a monthly high though? And don't you think fundamentals will prevail next week, or is this pair more resistant to NFP-type uphievals compared to cable and EURUSD?

I am getting shorts on all time frames except H1, D1, and monthly. Sometimes some indicators can be funny.
  • #6
  • Oct 8, 2006 4:01pm Oct 8, 2006 4:01pm
While it appears to me that the dollar is at the top of its range, I am not ruling out 1.2650 or even 1.2700 vs. the Franc.
Profit is where readiness meets Opportunity
  • #7
  • Oct 8, 2006 4:14pm Oct 8, 2006 4:14pm
Interesting is that USD/CHF is almost equals EUR/USD .... its a bit rare
  • #8
  • Oct 8, 2006 4:14pm Oct 8, 2006 4:14pm
I don't see a sell signal. is your signal based on fundamentals?
  • #9
  • Oct 9, 2006 2:30am Oct 9, 2006 2:30am
it's looking very toppy to me. Having trouble moving northwards, may be some CHF safe-haven buying after nukes
TRADE FOR SWAP
  • #10
  • Oct 9, 2006 2:34am Oct 9, 2006 2:34am
It looks good for a short. Waiting for the Eur to move first
Trade what you see - Not what you think
  • #11
  • Oct 9, 2006 6:57am Oct 9, 2006 6:57am
Quoting cgldsmth
it's looking very toppy to me. Having trouble moving northwards, may be some CHF safe-haven buying after nukes
dollar is safe-haven too
  • #12
  • Last Post: Oct 9, 2006 11:35am Oct 9, 2006 11:35am
Not sure what to do on this one. Its been ranging since the non-farm payroll. Its broken its resistance level on the dailies but will it stay there? With all the dollar bulls out there this will be one to watch. If anything, look at buy stop/limit orders to pick up a few pips up or down.
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