moorekapital

CADCHF: WAITING FOR HIGHER HIGH AND A REJECTION

FX:CADCHF   Canadian Dollar/Swiss Franc
115 15 9
MACD for now is not supporting the current high underway.
Comment: Price made a new swing high.
MACD still Low.
Waiting for a wick here on..........
Comment: Watching closely for te anticipated short....
Comment: Quite a dramatic rise!.

Time will tell
snapshot
Comment: Range Expansion bar todai, over 1% up on this trade:
Take a look :P
http://content.screencast.com/users/moorekapital/folders/Jing/media/db2b68d8-cb24-4e6e-8aab-9b4be41cdc97/2016-04-29_2000.png
Comment: Im still holding
Loads of cash now.

Advise to newbies: "STICK TO WHAT WORKS FOR YOU. SIEVE PEOPLE'S OPINIONS"
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Comment: RELOAD!
snapshot
Comment: 1B signal
snapshot
Comment: OIL SPILLING OVER AGAIN
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Comment:
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IvanLabrie PRO moorekapital
Shorting any *CHF pair, with the weakness in the Franc doesn't seem like a good idea.
Reply
moorekapital IvanLabrie
Let's hear what the price chart says then. I really I'm not good with Economics ;)
Reply
IvanLabrie PRO moorekapital
Correlations, etc.
USDCHF, compare it to USDCAD.
There are better things to short that's all.
+1 Reply
moorekapital IvanLabrie
Eish! Mr IvanLabrie, I remember you made same comment bout my EURJPY short then. ^_^ Hmm well, EURJPY paid handsomely, nevertheless. Tis well. ;)
EURJPY: I
Reply
moorekapital moorekapital
EURJPY: ULTIMATE TARGET: 127-124
Reply
moorekapital moorekapital
From what I can see here currently.....Price is busy making a higher high( My anticipation @ time of posting this chart), and yet MACD isnt supporting the new high. Now, thats Divergence. I'd wait on some form of Higher prices rejection bars to short this. That's all ^_^
Reply
IvanLabrie PRO moorekapital
I recall...I can be wrong, but I don't like trading forex without considering central bank policies/correlations/macro trends/fundamentals. It's as good as flipping coins in my experience, at least in larger scale.
Reply
moorekapital IvanLabrie
Ok
Reply
IvanLabrie PRO moorekapital
You can make money either way, but I don't like to fade a strong uptrend unless there's a very good reason, and here I find none.
Reply
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