Thursday, May 24, 2007

USD/CHF Short using Top Gun Software.


Nice example of another trade on the USD/CHF using a 35 tick chart with all my standard indicators with settings i personally tested and proven to work very well. the first hand (left) shows the entry (long) @ 1.2275, Reason: daily pivot as support, monthly 1/2 resistance as support, trend snapback system active (red triangle with the green trailing stop) , decreasing sell pressure, and the FXMM shows less weakness than the previous bottom done at 1.2270.


Exit at second hand (right) @ 1.2310. Reason: Daily resistance and previous day's high (dashed green line) + 35 pips!!!

Al Castillo

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