AntenaPips
Short

Think outside the box

FX:EURCHF   Euro Fx/Swiss Franc
57 10 1
#forex #eurchf
GO, go to new lows! :-)
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AntenaPips ForceFollower
Strong fight now. Hope the bears win.
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AntenaPips AntenaPips
Finally this one touched my first TP, ForceFollower. Partial profit booked and moved stop to BE.
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ForceFollower AntenaPips
Congratulations! Well done! I'm still short CADCHF, but it doesn't look good any longer...
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AntenaPips ForceFollower
I still short at CADCHF also. The scenery will continue short till break above 0.7730 (my opinion).
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ForceFollower AntenaPips
I have consulted other Ichimoku traders and they also said we should stay bearish as long as price is trading below 0.77717-0.77818. So, although I don't like it very much, I stay short...
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AntenaPips ForceFollower
The actual bullish candle really don't sounds good, but look for the LONG rali. The price neither tested the 23.6% retraction of Fibonacci yet. So, let us see the how the market will act. If stop us the life will continue. Be certain: we will found others good oportunities. New month, new candles.
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ForceFollower AntenaPips
I think you meant 38.2% retracement (not 23.6% because this one has been tested) - yes, that's actually the MAJOR reason why I'm still short - an untested level of 38.2% or even 41.6%, which is even more often the case. If it failed to retrace down 38.2%, that would be a major failure.
There's yet another factor that makes me stay bearish here. Consider the APP (alternate price projection, as labeled by Robert C. Miner) of the big move down. Here I mean the price size of the big SNB-driven swing down (2015-01-08 - 2015-01-22) projected forward from the top of 2015-03-11. And current decline has not made it yet to 23.6% (in terms of price) of the prize size of the entire leg down. This would be another big failure.
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ForceFollower AntenaPips
And here's the retracement situation.
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AntenaPips ForceFollower
My mistake, sorry. The correct retracement is really 38.2%.
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