Csys
Short

USDCHF massive profit potential

FX:USDCHF   U.S. Dollar/Swiss Franc
292 5 8
Fortified with the monthly analysis, the daily view suggests that we have passed a major top. My long-term target being somewhere around 0.7, I expect to see MLMLH hit first. This pair seems to a perfect candidate for my 1000x project. I will update the post as I enter the trade.

I would also like to tender my thanks to DanV for clearing this pair's wave picture in the idea linked below.
Trade active: Let's first trade the correction before the big move. I'm on the short side.
Comment: Details here: http://project1000x.blog.com/2016/02/17/trial-2-trade-2/
Comment: Move S/L to B/E.
Comment: Stopped out at B/E. Re-entry @ 0.993
Comment: The updated hourly count is as follows:
Comment:
snapshot
Comment: Set T/P to 0.986 (flexible)
Comment: Move S/L to B/E.
Comment: Stopped at B/E for the second time. Watching the price action.
Comment: The updated pitchfork and the hourly wave count:
snapshot

It seems shorting the correction didn't work because the correction is being a triangle. We might trade the 'e' of the rectangle if there is a good chance, though. Also notice the change in the pitchfork. The new one is constructed with the Action-Reaction principle, and seems to describe the market better.
Comment: Half-sized re-entry at 0.991. I am waiting for the news to enter with the other half.
Comment: Second half-sized re-entry at 0.99603
Comment: The second position has been closed at B/E.
Comment: The first position is closed at 0.9935. Waiting for a full re-entry point.
Comment: Now I reversed my order and entered long with half-size.
Comment: The market immediately reacted and now moving my S/L to B/E, which is at 0.99072 including the commission.
Trade active: Finally at 0.935, we're on the short side.
Comment: I forgot updating here. I was stopped out again at B/E. Now on the short side again at 0.996. Let's hope this will be long lived.
Comment: Move S/L to overall B/E.
Comment: Stopped out at B/E. Re-entry at 0.99803. Non-farm payrolls announcement taken advantage of.
Comment: Wow I'm stopped out again. Really didn't think that we'll see this level one more time. I am waiting now to see how the trend develops.
Comment: Shorted at 1.00 with a small size, just not to miss the big fish.
Comment: Adding on.
snapshot
I am In.
+1 Reply
Csys Thet
I recommend having your S/L somewhere above the 0.996 level, and keeping in mind that this is a short-term trade, after which we will take the profit and wait for another upward move to finish.
Reply
ok , please up date agin , thank
+1 Reply
Csys ChatchaiVong
Thanks for following this messed up idea : ) Here's the picture now as I see it:
snapshot
Reply
ok , thank so much
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out