Dear Silvertrader can you give any additional imput with the CHF pairs and when you see a turn in the signal direction? pretty wild drawdowns at the moment. Being here only a month and half it takes getting use to seeing a 50% gain turn into break even in day and half!
Forum >> CHF insight..
| Opened by: | voulgaris |
|---|---|
| Opening date: | 31 August 2010 9:33 |
| Number of entries: | 51 |
| Last entry: | 14 September 2010 17:03 |
Ovidius wrote: 31 August 2010 16:49
fmonera wrote: 31 August 2010 12:50
... And here is the reversal on EURCHF (it seems at least, I don't trust CHF :P ).
Many times I see that the system generates the signals on wave 4 of wave 5. Unfortunately not enough times to make a rule.
silvertrader wrote: 31 August 2010 12:41
Fmonera, you seem to hate CHF pairs so much that it causes identity problems for you... WE ARE THE CHF BEARS! ;)
Just one more remark: yes, our system watches every pair in the context of the whole market (intermarket principle).
fmonera wrote: 31 August 2010 11:32
My (optimistic) view on CHF pairs:
* EURCHF
- Weekly chart on EURCHF shows a nice elliott wave 5 down. Wave 5 should be near completion, but on weekly, that can be 300 more pips down :)
- Daily shows the wave 5 detail and it seems we are in wave 5 of wave 5, which is where the market should reverse.
* USDCHF
- On weekly it seems we are drawing a gigantic triangle. Unfortunately It seems that price should touch our stops before turning up (around 1.005).
- On the other side, if the system generates new turning signals, we have space for about 1300 pips up after turning.
* GBPCHF
- On weekly, it seems we are in a correction, so anything can happen
- On H4, it seems we are in wave 5
fmonera wrote: 31 August 2010 10:52
I hope soon we will get our money back from all those CHF bears ...
Did I say that I hate CHF pairs?
mauibartender wrote: 31 August 2010 10:12
To be honest. The CHF entries are strongly against my better judgement, yet I have taken them. I don't see ANY support. That said, the probabilities of the system here are good enough to have faith in. This is an interesting test for me. I have a feeling that the system does not look at each pair singly, but as each currency as a whole in the market, and therefore may be able to predict things that are not so be seen on any single chart, but that is just a guess.
voulgaris wrote: 31 August 2010 9:33
watch up with those chf's ..
every day a new all time record.. 