CPAS-FX Chief Analyst
- #3,968
- May 14, 2014 9:02am May 14, 2014 9:02am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
I'm short at 0.8887 but there is more upside movement in forming an expanding Ending diagonal wave d, before declining for the wave e. Have to hold on.
Elliott Wave for optimum entry, exit and risk management of trades
- #3,969
- May 18, 2014 9:05am May 18, 2014 9:05am
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
USDCHF Observation
Price will be turning down soon and the safest target I can observe is .8870. A break of .8870 will have me looking toward .8847 for some additional profit. I am not in a trade yet but soon will be. Maybe enter during London session. Best of luck to all.
K.I.S.S.
Price will be turning down soon and the safest target I can observe is .8870. A break of .8870 will have me looking toward .8847 for some additional profit. I am not in a trade yet but soon will be. Maybe enter during London session. Best of luck to all.
K.I.S.S.
- #3,970
- May 20, 2014 5:55am May 20, 2014 5:55am
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
USDCHF Short in progress
Alrighty then, I got an order fill while I slumbered this morning at 89.33 and now I have my stop at break even. I have another short order at .8943 if this trade fails. Protect yourself and have a great trading day everyone!
K.I.S.S.
Alrighty then, I got an order fill while I slumbered this morning at 89.33 and now I have my stop at break even. I have another short order at .8943 if this trade fails. Protect yourself and have a great trading day everyone!
K.I.S.S.
- #3,974
- May 23, 2014 1:46am May 23, 2014 1:46am
{quote} Bearish? No way USD/CHF can be bearish with ECB pushing the "easing" button next month. SNB President Thomas Jordan said at the bank’s annual general meeting in Bern on April 25 that officials would defend the franc ceiling to lessen the risk of deflation. The Swiss National Bank capped the franc at 1.20 per euro in September 2011 to help stave off recession and the threat of deflation after investors seeking a safe-haven from the euro-zone crisis pushed the CHF to record highs. SNB spokesman Walter Meier said officials stand ready to enforce...
SNB knew what Mario Draghi will say and what the market’s reaction will be. And that’s why they started 2 days before the ECB meeting to intervene in the FX and to push eur/chf higher so that when the moment would have come, they only need to spend less to keep eur/chf away of the 1.200 threshold.
Thats what you call a back door exit
Heed the lessons of failure.
