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
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
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
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