Sell if a pin bar/ engulfing candle shows up
what do you guys think?
what do you guys think?
Gann angles forecasting Method and SHIBA INU 0 replies
All the Forecasting and Prediction indicators on the market? 18 replies
Economic Indicator Forecasting by Banks: Why and how 4 replies
Anticipation vs. Forecasting 0 replies
Disliked{quote} I see your first support 14060 was broken...next support 1.4038 and sure enough broke through for about 3 pips and then reversed....Real Nice Job on that Dave!! Now looking at the day charts, it does look like the Big round 1.40000 in sight, and it looks good on the hourly also...we shall see... {image} {image}Ignored
DislikedSell if a pin bar/ engulfing candle shows up what do you guys think? {image}Ignored
Disliked{quote} Thanks Swede The SQ9 seems fairly decent BUT like most standalone methods I think it benefits from confluence of 1 or 2 extra tools Do like your Grid Method ( not so much the circles) and obviously P/Boy Envelopes and FLDs The simplest at the moment does seems to be an ADR type tool for confluence Hence I dug my old Xard777 one out of retirement because of its simplicity Tbh only took 25 out of the drop but a target is a target so I have to be happy ps The problem with the SQ9 will always be the base start number I am trying a decent Double...Ignored
Disliked{quote} You know that Gann Square indicator I posted a while ago....why not try using your favorite time zone and use the start price as shown on the indicator. forget the rest, just use those turning point prices...just a thought....... {image} {file}Ignored
Disliked{quote} Well, something big will have to happen to achieve an engulfing by the end of today....no sign of weakness at this point anyway.... Now having looked at the technical, time to look at fundamentals.....Pull up your WT Crude chart...oil up in the 72.00 range will definately have an effect on Cad....as oil goes up, Cad strengthens against the US dollar, an inverse relationship on your forex charts....so Cad could react at this level... {image} {image} {image}Ignored
Disliked{quote} Oh i see! (I didnt mean on the same day though) But that was a great explanation and perspective!! I actually learned something with you Thank you Sir!Ignored
Dislikedfibo works well....and Euro turning point pretty much caught to the day.... {image} {image}Ignored
Disliked{quote} Swede Thank you for showing lots of very interesting tools But have you a favorite standalone one or do you look for confluence with some or all of them Do you look for home runs now or content to be in and out the same day Thanks DaveIgnored
Disliked{quote} I'm a scalper at heart, had too many really nice trades turn to losses in the past by waiting for the homerun...so I'm skeptical of every move but over everything, this is my real chart, the one hour that covers a few days action, the impulse wave identification is paramount, then the grid to give me points to ponder. Once the grid is on I have a pretty clear roadmap going forward........but then the market slows, after london NY crossover, that is when my entry chart, the 5 minute envelope becomes very useful....I have weekly pivots worth...Ignored
Disliked{quote} Thanks for your detailed reply You seem to have all the angles covered with your combination of tools and templates Like your paintings, must admit to watching that Bob Ross guy on TV, he as a very unique style Me, well my wife says that I couldn't paint a wall properly Enjoy your post and it looks like you can up grade your cabin with the way the Gbp/Usd is goingIgnored
Dislikedfantastic move by Cable...1.38000 will be tested...and I think its time to test the waters with a couple small entries... {image}Ignored