EUR.CHF

[arco]

One of my systems has triggered a
long on the Eur.Chf
I would prefer to see dual confirmation,
however there is often a decent day trade
available from this signal.

Please note. My intention is not to offer any form
of investment or trading advice whatsoever.
The system I have detailed above could easily fail
miserably at any point. If you choose to follow this
system be aware that you do so entirely at your own
risk and that I cannot be held responsible for any
losses incurred.

[arco]

50% sold for 100 pips.
Balance stopped 7/4 out at break even.

[slam]

May be forming a double top on daily
Hasn’t touched top of channel yet, but UOS may give a clue
Worth keeping an eye on

Cheers
Slam

[arco]

Hi Slam

Although the plot has reached the first destination
based on a near perfect Butterfly pattern, its worth
considering there may still be a little more juice
left in the tank.

Major Gann is dug in and ready to repel invaders
at 1.5503 - which could tie in nicely with the
downtrend line from 4/2, but he also has a small
band dug in btw 5441 & 5472 who could cause a few
problems.

Watching - No position.

[slam]

Thanks arco
I get channel top at 1.5499 so could fit nicely

slam

[peat]

shorted from 1.5720 ...

[peat]

i've been getting long signals on this from the 3 line break chart, already closed one out for +40 but am in again now at 1.5768 , tight stop say 10-15 pips max.

[arco]

Hi Peat

3 line break on the daily looks bearish.

IMO it could be in the process of forming a EW535 - heading south, north, south making an a,b,c correction. Target 1.5500-5570 perhaps.

Just my thoughts

arco

[peat]

yeh strange how the daily 3LB is still pointing down given that the 4hr has a number of ups (over 6 of them) . Weekly is up too.
Anyway, I've got another 50 pips on this overnite so I'm happy , have raised stop to 1.5798 to lock in 30, no sign of a turnaround on any of the shorter time frames yet. May as well ride it till it breaks.

[arco]

Morning Peat

Nice trade.

Minor Gann levels at 5833-5839 - may be worth
keeping an eye on.

regards - arco