Apr
16
Hello folks,
Not much going on as per the last few days. The few setups I have been following as of lately just wouldn’t make up their mind and continue to whipsaw up and down all week long. So until we get a clearer picture I cannot pull the trigger. I mean, the setups as a whole do look very good, but the triggers themselves are taking longer than expected to show their true colors.
So… time to sit tight I guess.
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17 April, 5:03 am
Greetings from USA Hector. I`m an avid fan of your style because of its simplicity. May I ask your opinion on these eventual bear flag set-ups on the Daily GBPCHF and USDCHF as of April 16th 5 hours after Sidney’s open.
Would greatly appreciate your thought on that
-Georgi
17 April, 10:46 am
0.) @$$ == ass, o man I think the whole time what that meant.
1.) Sorry for my bad english. I meant if I trade on the daily timeframe so my STOP is end-of-day. Because of the spikes. Or I will be stopped out with a loose.
2.) All setups you discuss today have no power. Iam not suprised because all currency pairs have not shown a strong counter-movment in the last 2 month. For me a first sign that the trend loose ground.
What Iam watching is EURCHF. Now we have a strong counter-movment agains the downtrend. And when the 1.5950 hold (doppletop) then a next swing to the downside can start. But I know the correlation with stock market.
17 April, 10:57 am
Hi Hector,
I am eyeing up a Eur/Usd long trade? We had a daily brakeout and close yesterday above the daily triangle that has been forming over the last month. The four hour chart has pulled back over night to test the top of the triangle and is moving back up to the highs. I think that a break of the four hour consolidation provides a good risk to reward if you consider that the traingle projects a target of 1.62 to 1.63 area.
I would really appreciate it if you would let me know your thoughts on this trade idea.
Many thanks in advance
Ray
17 April, 1:48 pm
Hey gmarg,
EUR/CHF approaching to retest the .50 fib on the daily, could be a nice bounce off to previous lows?
Appreciate your input
-Georgi
17 April, 4:49 pm
jepp. I want to trade it as a covered eurusd short. What do you say hector?
-gmarg-
17 April, 4:57 pm
Guys gimmie a little bit of time and I will address all your questions later in the day, I swear :)
-HECTOR-
17 April, 9:33 pm
Ray I have been following this too and am actually diving a little early into this trade. I watched the breakout in real-time at 1.5900 approximately (pshy.level), pullback and it *should* now head for the moon. The common way I calculated the projection is as mr.ass warmer here does: taking the full height of the triangle and adding it to the breakout (hopefully even around 1.6400 then!:) - let’s hope for the best!
Hector: Tomorrow, being Friday has got no high-impact news events.Do you still take a trade if one of your setups unfolds tomorrow (being a Friday, but with no heavy news) ? (and leave it through the weekend)?
All the best guys!
-Daniel-
17 April, 10:29 pm
Hello guys, I have addressed your comments and setups on today’s video: http://www.hectortrader.com/2008/04/17/lets-see-your-charts/
Cheers,
-HECTOR-