USD/CHF

helios, if you could write in proper casing that would be great, upper casing is horrible to read, and viewed as shouting here in the forums

EW I assume you me we looking for Wave 5. Looks clear.

Well, the high has formed a gartley (.786 ret and AB=CD).

In addition we also have completed TD Sequential (15M ) indicating exaustion. (A failed TD Sequential should indicate a stong move up but I'm not looking for it to fail)


Thanks for your input.


SilverB

WW target hit. . A similar style gartley WW is setting up on gold 1H (see my WW-SR-PA journal for details)


Even better we had a baby girl last night .

Keep well.

SB

Congrats to you and your wife, SB! I've got two boys myself, one is 4 and the other is 18 months. Nothing compares to being a Dad.

Is this your first?

- Ian

3rd (2nd girl). Thanks for your wishes. Must sleep

BTW looks like USDCHF is heading for the 2-4 line of the larger WW. Admit we gave up on that happening 2 days ago

SB

Hey is that a reverse head and shoulders on the 4h chart for the gbp/chf

Oops ment gbp/chf

Very interesting situation...

0 <-> 100 its 180 deg. on Gann's SQ9
Yesterday's bottom is also 0,618 from 13oct. top to 02oct. bottom.

I opened long yesterday at 2577 with a stop at 2540. Half my balance. Lets see what will happen...

By "half my balance" do you mean you are risking half of your trading account on this, or you opened up only half your position?

Of course half my trading account.

Im pretty confident price will break the high 2772 (Oanda) next week... We'll see...

If you are being serious, Cezary, then you really need to have a good read about money management over the weekend.

I don't know if this is satire, but if it's not, I would close out that order ASAP. You're risking your half your account on a speculative trade, with a stop loss of 37 pips. To put that in perspective I use a 40 pip stop loss even when doing quick trades on the 15m charts (back when I used to trade on those charts.

Even if you are right on the overall movement, USDCHF has a daily range of over 100 pips! If the trade goes against you for even a hour you'll liquidate your account.

Thanks for the great setup Cezary, I put my whole trading account on it.

If USDCHF goes so far above 1.27, where will EURUSD be at this point?? Below 1.24 probably. I really don´t see this to really happen .-)

I've read dozens of books on MM. I've also read dozens on SQ9, Gann Wheel etc. Thats why Im so sure...

I also calculated time for this setup

From bottom 22.09 16:00 (I dont take bottom from 25.09 4:0 cause its double bottom) to top 13.10 16:00 = 504 h (including weekends)

From top 13.10 16:00 to bottom 19.10 20:00 = 144 h (Gann's critical value - 12^2 - SQ12)

504/144 = 3,5

3,5 =~ 1,732 * 2

1,732 = sqroot(3) - diagonal of a cube

Time will tell...

Well, my take for the franc is that it will fall back into it's range of 1.21 to 1.26. Look at your daily charts. I would go short right about now. The dollar does not look poised for a major move and the swiss economy is going rather strongly. A short move is my call. Let's just see what happens. Right now im waiting for a firm confirmation of a move then decide what to do.

Cezary you are a wild and crazy guy!

But anyway, to focus on your prediction, I can see it as a possibility. However, I don't like the trade for these reasons: The franc just hit its target falling from a well defined 4 hr head and shoulders topping pattern. After falling 200 pips in the face of good us economic data, the usd/chf only rebounded about 50 pips of which it has retained 30. With this being said, there is no evidence in the price action to indicate new found dollar strength.

So, that leaves you with a postition based purely on the postulation that your mathematical interpretation of market behavior is an infoulable ruling law of the markets. You do not have any price action or secondary confluence evidence to reinforce your trade confidence.

To conclude, I would say that your prediction is roughly a flying poke at a rolling doughnut. Some might do that occasionally with a small amount and then add to the position if it starts to move favorably. But, to throw half of your account at that is just a step or two beyond bold. But, you are a big boy. And, it is your money.

We will all watch with interest to see if you have discovered the true secret of gann or just failed to discover the basic rules of common sense.

I think price will bounce off of one of those 21 fib numbers. That's got to be a record!

Could we develop a method using Ganns Wheel?


Thanks


Ajay

Stop to Breakeven

Lets see how far it will go...