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What is Spread in Forex and how to Calculate it?
3 years ago
Tuesday, April 5, 2011
Monday, April 4, 2011
GBP/CHF UPDATE - DAILY
After a week, looking at the DAILY TF, the trend seem like to make bullish continuation trend. Validation of this count - II? only happen when the trend break the uptrend greenline and probably the price will achieve near the resistance line (blue).
If the trend continue break the resistance (blue line), all the counting (II),I?,II? will be in invalid.
Anyway, I am looking the best entry point to sell for this week. And I believe the GBP/CHF will be continue to bearish due to GOLD price still in bullish(progress to achive USD1500/0z)
Friday, March 25, 2011
GBP/CHF UPDATE - 1HOUR
Trade Idea
SELL GBP/CHF take profit TP1 = 1.4520 TP2 = 1.4470 Stop lost, SL = 1.4800
Thursday, March 24, 2011
Wednesday, March 23, 2011
Monday, March 21, 2011
Japan events is shaking it's economy
Japan stock market dropped for 6.18% in Monday. At the same time bank of Japan promise to refresh economy with 15 billions yen injection to bank system. All factories closed "Nissan" stocks price dropped for 9.5%. "Honda" stocks falled for 9.1%. The biggest drop experienced Tokyo electric power company, which stock prices falled for 24%. Originally from www.zoominforex.com READ MORE
Read more...GBP/CHF UPDATE
Consideration point:-
1. If the trend break the DOWNTREND LINE(red color), the price will go down to find the nearest support 1.4466(horizontal line red color) and the counting i of c and ii of c is invalid and will recalculate.
2. If the price achieve 1.4680, the trend will bullish until the red box area (the best to TP 1.4750 according to the fibo). And consideration wave C of (IV) is complete.
Trade IDEA :-
BUY STOP GBP/CHF at 1.4680 TP = 1.4750 TP2 = 1.4800 SL = 1.4560
Good luck!!!!
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