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

USD/CHF Short using Top Gun Software.

Another example on a nice short of the USD/CHF. The first hand (left) shows the entry, right below the moving average (rainbow) and the balance point line (white) and red trailing stop. Shorted at 1.2288 and closed at 1.2240 at a monthly resistance and provability band (used in options) +48 pips!

One the first hand you can see the sell pressure is significant and stable, on the FXMM you can see the market shows this currency is weak and likely going down. You can see on the heat map below that the weakness of the us dollar is pushing this currency down (bloody red color, lol).

Al Castillo

USD/CHF Long using Top Gun Software.


This chart shows one spectacular trade done on the USD/CHF using Top gun software and my own settings and strategy. It was bought at 1.2274, and exited at 1.2230, at at double top with less strength on the FXMM and less buying pressure on the Buy/Sell pressure, +44 pips in 3 1/2 hours! this is the power of using this software on the Forex market.

Al Castillo