[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 7: September 2011) - page 26
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Why is he so green? Is he stoned?
Thank you to everyone who believed in the forecast of 23 August https://www.mql5.com/ru/forum/134874/page179#513160
set appropriate targets and kept me company.
The first one, 1.3925, is almost done, I see 1.3725 ahead.
The second target, which may be missed, but anyway, it needs at least a slight correction, 31% to the current movement, on the way to it.
A chance to close successfully for those, who during the Indian summer were pulling north to the cold, but realized that they did it too early.
On the "new franc" you can try this strategy:
since there is a guaranteed 1.200 on EURCHF, buying from 1.200 cannot end in anything but profit
That is why the strategy is simple: buy, catch your (not greedy) pips, close, buy again.
The strategy is as reliable as the word of the Swiss Central Bank.
The second possibility is the use of CHF for arbitrage at cross rates, for example EUR and USD pairs.
But you urgently need fast non-thick fingers or a fast robot and you need to execute your pips with a risk close to zero.
(And please update all your patterns in the franc: this thousand-point candlestick is not an impulse, but a force majeure event, which terminates all previous builds, moves and signals. The franc has a new history since September 6 and only the historical levels are correct, but taking into account that the franc was only falling, no levels have been traded enough to form the historical support-resistance, so those landmarks are not on the chart either)
In the meantime the euve is quietly falling like a leaf,
Looking for trading signals on other available pairs
In the meantime the euve is quietly falling like a leaf,
Looking for trading signals on other available pairs
The indicator has thrown out one flag out of three on the H4 in favour of the buy line, but 2 are still for the sell line. But the very fact that the "buy" line has appeared is fixed.
Good news!
Good news!
The fact of the occurrence of the buy line is fixed.
It cannot be otherwise: such a strong upward peak that was on the franc news, any technical indicator must somehow take into account and explain the presence of an upward trend within a downward one.
Smooth out that peak and see how much optimism is left in the indicator
By the way, this peak was a good way to remove the oversold, it was just such a height and strong enough to realize all the bullish divergences, formed on the H1 and H4, and after the peak selling can continue quite easily and freely.
But the daily chart shows the signs of the possible consolidation, the "franc peak on September 6" did not shake the daily chart and the oversold is still there
It cannot be otherwise: such a strong upward peak that was on the franc news, any technical indicator must somehow take into account and explain the presence of an upward trend within a downward trend.
Smooth out that peak and see how much optimism is left in the indicator
By the way, this peak is great for overselling, it was just such a height and strong enough to realize all the bullish divergences, formed on the H1 and H4, and after the peak the selling can continue quite easily and freely.
The daily chart still shows signs of a possible consolidation, the "franc peak of September 6" did not shake the daily chart and oversoldness is accumulating there
The climax is now upon us. The eu has hit the daily/weekly support line of a converging triangle. Either it will break and then we will go down for a long time, or it will go back up and the spring will tighten even more.
Yes, we are living in interesting times, comrades! Hooray!