usdchf the price is at 1.1335, look for the bears to get stronger between 1.1335 and 1.1350 area. This could be a short at the Asian session as we go to the london open.
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Looks like Buy may be coming on EurChf
Here is the chart
Are you sure you are looking at 1 hr chart. Looks to me a sell may be coming
Here is the chart
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it might be a sell too depends which way it goes we can take the trade accordingly, but because eurusd is making HH which gives me a long bias. But again it could be a sell too.
short might be coming but watch out, looks like the price is opening above the daily pivot and the price could retest the pivot line and head up again, that is the long bias for the new day. So the pivot is at 1.2277, get in when ever the signal comes and get out with 15-30 pips. Just be careful that when entering the short trade the price has some room to the pivot line for a comfortable profit.
short might be coming but watch out, looks like the price is opening above the daily pivot and the price could retest the pivot line and head up again, that is the long bias for the new day. So the pivot is at 1.2277, get in when ever the signal comes and get out with 15-30 pips. Just be careful that when entering the short trade the price has some room to the pivot line for a comfortable profit.
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looks like i might skip...trend is up and lows are getting higher...but appears low will go to 2277...thanks man
usdchf might trouble 1.1350 area before a push to the downside.
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I took the EC trade...same direction as trend and I hate the EU pair...I think I am the only guy that lost money on the pair since June. It just never goes my way.
Just be careful with bears bull helper. I think there is a small problem
I want to make sure it reflects the parameters I have been using on Bear and Bull power indicator
they are
Bull Power
Period 14
Apply to Low
Bear Power
Period14
Apply to High
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I had posted this indi. I also observed some problem with the indi. The bull and bear values shown do not refresh properly as the program lines for calling the values is not placed in the correct area. I however think that the green and red bars that appear are representing the current situation correctly. I am a "Copy and Paste" programmer and this is what I could come up with.
I don't think that it is very difficult to improve this indi. Alerts and arrows at the point of reversal may need some extra programming effort, but I think that alerts and arrows are also not too difficult.
Any half decent programmer should be able to do it all with ease.
Any takers???
In the meanwhile, I have observed that the Indicator "Absolute Strength Histo" posted here also does a good job(Out of the box setting).
Often values change such that the hourly bar which converted from a buy to a sell may revert to a buy within the same bar.
Appreciate if you could tell uf how you manage the situation if you have entered into a sell trade at the initial sell signal and the signal reverses on you within the same bar.
Why did you close it? bulls are out numbered by the bears according to the indi. Nothing is sure yet.
I am still on the trade, I will wait for the late asia and london open. Again it might retrace to retest the pivot line and then it might move down, if it breaks the pivot then it might go up, it is the same thing every new day.
