Hi Alumten, How exactly is it again you determine the profit targets? Is is simply from the previous swing low, (or high), or do any fibs come into play also?
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DislikedHi Alumten, How exactly is it again you determine the profit targets? Is is simply from the previous swing low, (or high), or do any fibs come into play also?Ignored
Disliked{quote} If there is a bounce up, then it will likely happen when the green HAC on M5 catches up to the red on M1. When they're in the same place, it will be more likely then. Also, notice that M15 is set up for a PB. {image}Ignored
DislikedUSDJPY Update Ok, it looks as if the 3x H4 target and the Weekly green HAC line is showing us some support for this pair. But I wanted to emphasize, once again, that the relationships between the green HAC on the next higher TF to the red HAC on the lower is significant. This is important because you'll know to bide your time - and that you really do, in fact, have time, to do some good analysis and wait for a perfect setup. So far today there were only M1-M15 setups and the only really perfectly formed one was on M1. The various HAC lines on M15-M1...Ignored
Disliked{quote} GBPJPY/USDJPY correlation As I know most of you are aware, many currencies have pretty strong correlations with each other. The GBPJPY often moves with the USDJPY. Anyway, I wanted to point out that on the GJ, it too has hit a 3x level on H4. You'll find this often happens with pairs that move together. Also, on the GJ, it has touched up against its monthly HAC line. {image}Ignored
DislikedHi Almuten, I like the cycles in the markets concept and also have looked at Aliens thread. I was backtesting your system on the 5 min GBPJPY. There is a lot of times when the price just chops back and forth the HAC, also the RAC is crossing all over the place, but then suddenly the price will shoot off for a really good trade, and then back the other way for a really good trade. How would you know when to take the trade after all the chop? because the good trade looks just like part of the chop untill the price just takes off, and it's too late....Ignored
Disliked{quote} USDJPY & GBPJPY - HAC lines On both of these pairs the longer term HAC lines - green & red are coming into alignment. GJ M15 & H1 are only 25 pips apart; UJ are only 45 apart. By tomorrow the M15 & H1 will be meeting one another, so setups that occur on M15 & below should work well. H1 & H4 lines will likely take until Monday to get into alignment.Ignored
Disliked{quote} On my charts GJ M15 is 82 - and H1 278 apart, UJ not much different, strange While still trying to digest all you have been teaching I would need to come up with some sort of methodical approach in order to be able to trade this. I keep missing good entries while flipping through charts. Until someone comes up with a dashboard-like solution (I am no dasboard fan b.t.w..) I'll maybe better stick to 1 or 2 pairs...Ignored
Disliked{quote} I think you're comparing red to red instead of green to red, because that's what I have too when I do that. As for the 'dashboard,' yes I often wondered about that too. There's likely an optimal way to do that, but usually those things are misleading and give non-pertinent information too much of the time. But let's think on it. Maybe a "pipometer" between green & red HAC lines? Also, this is one of the reasons I like the longer TF setups. There's plenty of time to spot H4 and even H1 trades most times. But even if you only focused on...Ignored
Disliked{quote} Right! I have been sleeping there and measured on the same TF Why not put the next higher TF -HAC on the same chart - possible?Ignored