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  • #204,941
  • Mar 2, 2010 11:14am Mar 2, 2010 11:14am
Hi, been playing ard with the fib lines and found something interesting to share:

USD CHF has hit my 78.6% line +/- 10 pips and went up in this bull flag.

Can anyone confirm my suspicion and my chart

if this is correct, i might wanna long @ the next 78.6% line and short EUR at the same time
Attached Image (click to enlarge)
Click to Enlarge Name: USD CHF.jpg Size: 133 KB
  • #204,942
  • Mar 2, 2010 11:14am Mar 2, 2010 11:14am
M15 candle close over 1.3564 by 4 min will constitute sell signal .short taken.I see possible buy signal sitting price below 1.3517 in M5 , so tp set there.

fontu
Attached Image
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  • #204,943
  • Mar 2, 2010 11:19am Mar 2, 2010 11:19am
Market over smoked, should see some retrace soon.

Commodities overshoot too, OIL over 80 again.. Could be good

time to load EU shorts.. I place some at double top if EU gets higher.

1.3590 or I might enter earlier...
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  • #204,944
  • Mar 2, 2010 11:21am Mar 2, 2010 11:21am
Edit: Nevermind. Need further backtesting.
  • #204,945
  • Mar 2, 2010 11:23am Mar 2, 2010 11:23am
Quoting Zhisiong86
USD CHF has hit my 78.6% line +/- 10 pips and went up in this bull flag.
Can anyone confirm my suspicion and my chart

Yeap, Buy LOW Sell High, All been setup, no need to trade, just wait and collect

cash.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_chf_low_hi.jpg Size: 114 KB
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  • #204,946
  • Mar 2, 2010 11:24am Mar 2, 2010 11:24am
Quoting SkyzerFX
Market over smoked, should see some retrace soon.

Commodities overshoot too, OIL over 80 again.. Could be good

time to load EU shorts.. I place some at double top if EU gets higher.

1.3590 or I might enter earlier...
where will your target be ?
  • #204,947
  • Mar 2, 2010 11:24am Mar 2, 2010 11:24am
Quoting Zhisiong86
Hi, been playing ard with the fib lines and found something interesting to share:

USD CHF has hit my 78.6% line +/- 10 pips and went up in this bull flag.

Can anyone confirm my suspicion and my chart

if this is correct, i might wanna long @ the next 78.6% line and short EUR at the same time
yes this is correct and i said about it last night to look for pull backs on eur chf and gbp against the dollar
  • #204,948
  • Mar 2, 2010 11:27am Mar 2, 2010 11:27am
Quoting Blacknightz
targetingz... 1.35861

close to target... long closed...
  • #204,949
  • Mar 2, 2010 11:27am Mar 2, 2010 11:27am
Quoting Xismal
The supertrend indicator indicates a BUY signal.

Hmmm, will observe how this pans out.
Only H4 is always buy in eu but still have lots h4 candles to play & more up & down before maturing again. only lower tf M5 in buy signal waiting if price go below 1.3517 , otherwise I think 80/88 may be stop up now.
fontu
Attached Image
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  • #204,950
  • Mar 2, 2010 11:28am Mar 2, 2010 11:28am
Quoting andreypu
there was a similar pa from the 12th to the 16th february... at that time i got chopped on small movements eating all my sl... i did the maths it would have been much better to keep all positions open an tthen when things were clear on the 16th go with the longs up tp 1.374 and close them where the signals were clear and then open shorts (clear signal on the 17th in the afternoon around 14h depending on tf) and ride it down to 1.357 a few days later... it would have meant closing both shorts and longs on profit instead of chasing the price on fake...

In hindsight everything seems clear. Remember it wasnt like that when u were trading at that time. So learn from that experience. Most setups repeat themselves. When u have traded long enough u will notice setups and know how to trade it.....or stand aside. Latter was my choice today.
  • #204,951
  • Mar 2, 2010 11:31am Mar 2, 2010 11:31am
Quoting roreki
where will your target be ?
You mean TP for short, first TP could be at 38.2%

about 1.3535 second, 50% fib around 1.3515 looks OK.
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  • #204,952
  • Mar 2, 2010 11:33am Mar 2, 2010 11:33am
Anyone still sense upside momentum on this pair?? 1.3610-1.3615 is a stong Resistance level on this pair...if it goes up till there ill be shorting...meantime i think bullish PA might still be possible.

Standaside till then.
  • #204,953
  • Mar 2, 2010 11:38am Mar 2, 2010 11:38am
Gold is too hot, pushing uptrend line on daily, I think that's the good

place to short EU, if this doesn't break and I think not today.

How the heck people shorting this chart, still mystery to me ,

everywhere you look it's an uptrend
Attached Image (click to enlarge)
Click to Enlarge Name: gold_hot.jpg Size: 101 KB
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  • #204,954
  • Mar 2, 2010 11:43am Mar 2, 2010 11:43am
Quoting SkyzerFX
You mean TP for short, first TP could be at 38.2%

about 1.3535 second, 50% fib around 1.3515 looks OK.
yeah i was thinking about 1.3515 also , but i don't think that it will come today
  • #204,955
  • Mar 2, 2010 11:47am Mar 2, 2010 11:47am
Quoting SkyzerFX
Gold is too hot, pushing uptrend line on daily, I think that's the good

place to short EU, if this doesn't break and I think not today.

How the heck people shorting this chart, still mystery to me ,

everywhere you look it's an uptrend
Switch over to your daily chart and then ull see how they shorting it....u stuck on the M1 chart or what?
  • #204,956
  • Mar 2, 2010 11:47am Mar 2, 2010 11:47am
Hi SkyzerFX,
What indicator is painting your candles green and read on the pictur attached. Can you post it with your settings.
Thanks.
Sasa

Quoting SkyzerFX
Yeap, Buy LOW Sell High, All been setup, no need to trade, just wait and collect

cash.
  • #204,957
  • Mar 2, 2010 11:50am Mar 2, 2010 11:50am
Quoting 4exJunki
Switch over to your daily chart and then ull see how they shorting it....u stuck on the M1 chart or what?
Dude, you need classes? (probably chart zoomed out to show larger view)

Cause it is Daily chart.
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  • #204,958
  • Mar 2, 2010 11:54am Mar 2, 2010 11:54am
Quoting SkyzerFX
Dude, you need classes? (probably chart zoomed out to show larger view)

Cause it is Daily chart.
lol my bad....come on, there is more than enough reason for people shorting. This is like a dead cat bounce. The pair just touched the lowest low in nearly year and now fooling a few people into going long. I'd say the safer bet would be to short, might be some room for longs, but i would rather go short. yeah...whois with me on this one?
  • #204,959
  • Mar 2, 2010 11:54am Mar 2, 2010 11:54am
Quoting sasavisnic67
Hi SkyzerFX,
What indicator is painting your candles green and read on the pictur attached. Can you post it with your settings.
Thanks.
Sasa
It's already been posted here few times look 2-3 hours ago Trading Cat

posted and we talked about Settings as well, but don't pay too much attention

on that, cause in reality that doesn't work too good, cause

looks like it will repaint few candles back and you more likely

going to lose money, following that indy on small TF.
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  • #204,960
  • Mar 2, 2010 11:56am Mar 2, 2010 11:56am
Quoting 4exJunki
I'd say the safer bet would be to short, might be some room for longs, but i would rather go short. yeah...whois with me on this one?
Yes, that's why I post that Gold Chart and point out that this would be

right time to enter short on EU. wow just hit my first Short, nice...
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