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Cross Hedge EURUSD USDCHF

  • #41
  • Aug 6, 2008 2:35am Aug 6, 2008 2:35am
Quoting The Fxorce
FOMC sounds usd bearish to me. We've seen a strong run up in the usd thanks to a weakening euro and oil. The situation in the US hasn't improved and looks like another round of bank writedowns could impact soon. The concept to capitalize on right now is finding the strongest ccy against the dollar.
It looks like USDJPY will move first and fastest followed by USDCHF. We are looking at a 4hr chart here so moves should be measured after a week rather than a day. I don't like the Aussie ccy's because they are going through the first parts of their writedowns and it would be possible to be on the wrong side of Aussie.
Thanks for your insight The Fxorce. These indicators are very intriguing. I have them on a 5 min chart - do you think they have any value there or only on larger periods?

David
  • #42
  • Aug 6, 2008 5:07am Aug 6, 2008 5:07am
I don't believe there is much use at such a low timeframe. My setup is actually a MTF.
I look for the 4hr TF to continue its trends and I try to spot reversals on the hourly. The 15min is for fine tuning.
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It really is that easy.
  • #43
  • Aug 6, 2008 5:57am Aug 6, 2008 5:57am
Quoting The Fxorce
I don't believe there is much use at such a low timeframe. My setup is actually a MTF.
I look for the 4hr TF to continue its trends and I try to spot reversals on the hourly. The 15min is for fine tuning.
Thanks.
  • #44
  • Aug 6, 2008 12:02pm Aug 6, 2008 12:02pm
Here is the USD fakeout from today. On the 4 hr chart I have a red horizonatal line on the CCFp which usually creates a reversal for the ccy hitting it. Today we saw a bounce down from that level but then a surge of power straight through it.
Looking at the CFP this move is well over done. A divergence like this screams reversal.
The CC is a timing indicator and we see USD is at the top touching the red reversal line which means USD should be done appreciating today but that is not to say it's worth shorting USD right now.
What a strange day. It seems all the money coming out of AUD and NZD are going straight into USD. This would be called "flight to quality" in a classical sense. AUD has given USD 7.8% in the past 3.5 weeks.
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It really is that easy.
  • #45
  • Aug 6, 2008 1:06pm Aug 6, 2008 1:06pm
Quoting The Fxorce
Here is the USD fakeout from today. On the 4 hr chart I have a red horizonatal line on the CCFp which usually creates a reversal for the ccy hitting it. Today we saw a bounce down from that level but then a surge of power straight through it.
Looking at the CFP this move is well over done. A divergence like this screams reversal.
The CC is a timing indicator and we see USD is at the top touching the red reversal line which means USD should be done appreciating today but that is not to say it's worth shorting USD right now.
What a strange day. It seems all the money coming out of AUD and NZD are going straight into USD. This would be called "flight to quality" in a classical sense. AUD has given USD 7.8% in the past 3.5 weeks.
Fxorce,

My CCFp, CC and CFP don't seem to be refreshing... I keep having to do it... Have you run into the same problem? How to solve it?

Bruce
  • #46
  • Aug 6, 2008 1:29pm Aug 6, 2008 1:29pm
I apologize for this inconvenience. If you're not flipping through different time compressions then yes these indicators will freeze. I restart the platform or click the profile on the very bottom of the platform and select the profile I'm currently viewing ( I reselect the profile I'm currently viewing to refresh the platform.)
You could visit MQL4 and suggest the author fix this issue.
It really is that easy.
  • #47
  • Aug 6, 2008 9:10pm Aug 6, 2008 9:10pm
Quoting The Fxorce
I apologize for this inconvenience. If you're not flipping through different time compressions then yes these indicators will freeze. I restart the platform or click the profile on the very bottom of the platform and select the profile I'm currently viewing ( I reselect the profile I'm currently viewing to refresh the platform.)
You could visit MQL4 and suggest the author fix this issue.
Thanks.

At least I can refresh now using the profile tab with less hassle.

Bruce
  • #48
  • Oct 16, 2008 10:31pm Oct 16, 2008 10:31pm
First off, I'm glad to see the continuation of the thread the ES founded, and my thanks go first to him. Secondly to FerruFx, for his GREAT indicator. Here is my current setup below. I am looking for trades that match up to the 4 hour chart as being the best ones. Alternately, I'm looking for shorter term trades that match the one hour. This will be a learning process as far as TP and SL. The main thing is that this is a trend following system. In choppy markets, it will not work, and just don't trade when the pairs are changing from red to green all over the place. No one says you need to trade all day.
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  • #49
  • Feb 9, 2009 8:23pm Feb 9, 2009 8:23pm
Quoting paradoxical
First off, I'm glad to see the continuation of the thread the ES founded, and my thanks go first to him. Secondly to FerruFx, for his GREAT indicator. Here is my current setup below. I am looking for trades that match up to the 4 hour chart as being the best ones. Alternately, I'm looking for shorter term trades that match the one hour. This will be a learning process as far as TP and SL. The main thing is that this is a trend following system. In choppy markets, it will not work, and just don't trade when the pairs are changing from red to green...

Where can I find this indicator?
  • #50
  • Nov 22, 2009 11:42pm Nov 22, 2009 11:42pm
Hi All,

I am looking for broker with narrowest spread on EUR/CHF.

Any comments?

Thanks much!
  • #51
  • Nov 29, 2009 2:05pm Nov 29, 2009 2:05pm
bookmarked
  • #52
  • Nov 29, 2009 5:44pm Nov 29, 2009 5:44pm
Wow! The market opened as a gap, crowning it all, a confirmation, as it touchedSMA5, meaning there will be a srong bear reversal gaping at SMA20. Free, say 20pips. As soon as the trend touches SMA20, the main trend for the day will be bull coz of the candlessticks techniques. The gap must have been closed, paving way to the power of technicals.
  • #53
  • Mar 30, 2010 1:21am Mar 30, 2010 1:21am
Quoting The Fxorce
Thanks Lenoxer.
I'm thinking about opening up a new thread devoted to the CCFp and technical analysis. I just don't see anyone else using the CCFp and I feel it's extremely valuable.
.

Hi The Fxorce. I think this would be a great idea. I have been trying to find a basket trading system for a while, not for scalping 10 pips across 10+ pairs, but using the basket to establish how weak or strong any particular currency is, then trading swings using price action. This seems to me to be a most logical and low risk style of trading. Hopefully you continue on in this thread or another i am finding your posts very informative and helpful. Thank you...
  • #54
  • Mar 30, 2010 10:36pm Mar 30, 2010 10:36pm
A-game you can definitely use these indicators to establish a weak or strong ccy to either buy or sell. I've heard many banks issue statements prior to trading that they either will be buying or selling dollars all day. They see an imbalance and they want to capitalize on it.

I like the new concepts. I'm looking at USDCHF right now on the hourly chart. I see some great 48 hour price cycles in the past 4-5 days. The cycles exist on all timeframes but these hourly cycles are really nice.
It really is that easy.
  • #55
  • Mar 31, 2010 2:07am Mar 31, 2010 2:07am
Yes i have noticed this also. The past week has been quite an eye opener. I use a line chart now to view the H1 and if you scroll out, the cycles are quite easy to see, to the point that you can actually predict what will be happening for the day once patterns are recognised. Dr Sivaramen who writes a blog on another site used to amaze me with his predictions for each session, but this is how i believe he did it. Simple yet effective and a wonderful guide for position sizing and price direction. Looking forward to learning more on this topic...
  • #56
  • Apr 1, 2010 7:31pm Apr 1, 2010 7:31pm
whats the different between trading EURUSD+ USDCHF and trading only EURCHF?
i mean why we bother to open 2 positions if we can enter the market with one position??for me, it looks like we trade EURCHF with CCI as an indicator..

please enlight me..
  • #57
  • Apr 1, 2010 7:37pm Apr 1, 2010 7:37pm
It's less volatile to trade the two pairs. The studies are in the beginning of the thread. I currently don't use a cross hedge technique. I use the CC indicators to find ideal trades setting up and take the entry on the trendline break.
It really is that easy.
  • #58
  • Apr 1, 2010 9:55pm Apr 1, 2010 9:55pm
TheFxorce, can you explain to me why you choose to use the CC indicator rather than the CCFp? I read the link you provided describing the differences however in my mind, the CC looks to be too impulsive. On the other hand, i have been waiting three days to make a trade using the CCFp and im still waiting for it to move!!
  • #59
  • Apr 2, 2010 6:00pm Apr 2, 2010 6:00pm
hi FXForce

can you give an example how you trade with the cc with a picture

thanks for this great thread

was an eye opener to me

regards lodol
  • #60
  • Apr 2, 2010 6:25pm Apr 2, 2010 6:25pm
All these trades would have broke even for you. Several were big winners. This is a 4hr chart and I'm seeing nice sinusoidal waves setting up. Study where I circle on the indicators and then notice how price acts directly above the circle. You want to enter the market on a trendline break at each of these circles. The circles are one cycle of a sinusoidal wave. You want to enter just after the apex of the wave. We are building a sell opportunity now on 4hr EURUSD CCFp indicator. These cycles take about a week to mature but we want to enter just after the apex of the wave which is just after half of the circle. As you can see i drew a vertical red line when we could see the cycle closing. At that point you would create a trendline and trade the break with a tight stoploss and move to breakeven after 30-40 pips profit depending on the timeframe.

I hope this assists you. If my instructions are too difficult I apologize. Please study the drawing to learn independently.
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It really is that easy.
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