I started typing this several hours ago, and I was almost finished and electricity cut off. So here are the pics, the text to follow
(just in case)
(just in case)
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http://img19.imageshack.us/img19/6222/usdchfl.gif
Yes , we mustn't stuck in one tool , and we shud study and study all the time in order to decode the patterns of this work of art (Forex market).After posting things here about GBPUSD which ı am still scared of , I also tried to see new circularr patterns in this pair with different erspectives. and I want to show you the picture which ı think is the true version :
http://img834.imageshack.us/img834/2290/gbpusdu.gif
http://img545.imageshack.us/img545/2290/gbpusdu.gif
The price is right on an energy point (the intersection of two FiboArcs and the trendline)(the magnet) and ready to bounce upwards...
DislikedI wish to share my similar analysis on USDCHF, on a smaller tf (4H).
I also have a short view of price.
Please note (as shown in the pic), how price reacts (with a trend reversal) at the following levels:
- 1.618 (yellow circle)
- 1.0 (purple circle) and
- 1.618 (blue circle)
Of course, they are arcs drawn on previous key points
The strange thing is that not always we have such a precision (or "perfection" as selym says).
p.s. selym: is there a specific reason why you don't use forex-factory to upload your pictures?Ignored
DislikedI wish to share my similar analysis on USDCHF, on a smaller tf (4H).
I also have a short view of price.
Please note (as shown in the pic), how price reacts (with a trend reversal) at the following levels:
- 1.618 (yellow circle)
- 1.0 (purple circle) and
- 1.618 (blue circle)
Of course, they are arcs drawn on previous key points
The strange thing is that not always we have such a precision (or "perfection" as selym says).
p.s. selym: is there a specific reason why you don't use forex-factory to upload your pictures?Ignored
DislikedThere is no special reason that I use imageshack for the pictures , but it looks cool like that , doesnt it? Then I can use the prompt and the picture stands in the middle of the page...
Aaaaahhh .... Today was amazing ! Regards to everyone ...Ignored
DislikedHi. I also used to use ImageShack, but I found that the small png file I upload gets converted to a large file.....It is super cool to enter a Long trade from the bottom of an uptrend channel right off the bounce.... I am in a SEVERELY losing short trade on GbpJpy (-285 pips as we 'speak') and Two, because I wasn't watching the charts today.....I (therefore) hope my pics below are wrong, in that I would prefer EurUsd to break below the channel and head South... The problem is, I don't think I'm wrong.....I'm glad you made good pips.Ignored
http://img9.imageshack.us/img9/3929/eurusda.gif
http://img10.imageshack.us/img10/3076/eurusdw.gif
Regards...take care
QuoteDisliked...I feel as if ı am a hunter in this wild forex jungle , and ı just put my ending orders in the bushes which have strategic locations on the path that will be followed by the price ...I already have good profits ...
QuoteDislikedI am sorry for your situation , but do not you use a SL ? Isnt "-285" too much? I hope somehow it turns into positive... For sure you must have a strong heart...I am also not live trading...its the demo account , I started a commercial trading account nowadays , I share my signals with some people , so I created this serious 2500USD account And as being the f,irst week , its an amazing week...I hope the same for everyone !
http://img341.imageshack.us/img341/7663/eurusd1i.gif
If we place a Fibonacci Tool starting from 1,20s and ending at 1,3150s then we can easily see that the 1,27 line passes through 1,3480s which is an important resistence at the same time if you scroll the chart to the left. The intersection of these two levels give a great potential of bearish reversal. Another interesting thing is that 1,3480s line is the %50 of the big cycle at the same time...so we have the intersection of three different Fibo level pointing out almost the same exact level for a potential reversal zone.
http://img607.imageshack.us/img607/1104/eurusdfibo.gif
And the final "coincidence" is the [AB]=[CD] pattern which points out the same level. When we measure the last daily swing with the Fibo Expansion tool we get a zone between 1,3428-1,3593 for a possible reversal zone , through which many important reversal levels pass.
http://img600.imageshack.us/img600/7039/expansion.gif
So let's summarize :
1- The circular resistence
2- The intersection of three different Fibonacci Tool
3- The potential reversal zone of the potential [AB]=[CD] pattern
They all point out the same zone for a reversal , and thats amazing...isnt it?
DislikedThe real thing which I want to tell about is the green circular structure which begins from the top of the price (0,9975) , and that structure is also drawn the 45 - 22,5 - 67,5 degree lines . 45 degree line , being the center of our focus has acted well. But now the price is above 45 degree line and this situation gives us an impression of the possibility of a bullish pressure until the price touches 67,5 degree line. Here comes the "but" sentence .... But if this pair moves up to the 67,5 degree line then it will result...Ignored
DislikedIgnored
DislikedHi guys ;
I am still at the hospital with my bro , I hope he will be OK soon and we will go home. I was just drawing and drawing new things on the charts when he was sleeping. And I want to share the weekly chart and the circles on it with you , and I want you all to witness the strict dominance of the angles : 22,5 - 45 - 67,5 ...As GANN noted down the 45 degree line can be the balance angle which devides the 90 degree-angle spectrum into two parts called bullish and bearish. If the price is above the 45 degree line then there is a strong...Ignored