Hi nomask
What is your setup for EU for the week and levels to watch for PA?
What is your setup for EU for the week and levels to watch for PA?
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DislikedHi Nomask & people here,
I've just discovered this great thread tonight. I'm posting some charts just to see if I've understood the right concepts.
EURUSD should be Long.
We must watch for a rejection in the grey area on 4H TF to go long. Isn't it?
AUDUSD ( I took this pair to see if the system works in other pairs too) should be SHORT.
We must watch for bouncing down in the grey area in 4H TF....right?
Please, let me know if I'm wrong.
Thanks for the great job!!Ignored
DislikedHi nomask
Do you consider yen pairs weekly candles as being suitable setups?
they all have the same shape as the attached UJ weeklyIgnored
DislikedHi nomask
Do you consider yen pairs weekly candles as being suitable setups?
they all have the same shape as the attached UJ weeklyIgnored
Dislikedso great thread!
just wanna know if the pa doesnt appear the expecting zone,how do you catch it?Ignored
DislikedI'd like to make a prediction on how Nomask would answer this question...I believe he would tell you to wait patiently for the next setup for low risk entry.Ignored
Dislikedso great thread!
just wanna know if the pa doesnt appear the expecting zone,how do you catch it?Ignored
DislikedI've got a question for you myself Nomask. Take todays price action as an example...(I've attached my four hour chart).
Do you leave your Fib exactly where I have it now all week and wait for PA to come back into your Fib zones? Or will you move, in this case the upper limit of your Fib, to the most recent swing high and wait for PA to come back to your new Fib zones.
For instance I've shown this on my second four hour chart...
I also have the same exact question regarding the 5 min chart. But I suppose the same principle applies to moving Fibs...Ignored
DislikedSo now that you up 1000 pips when and where does one take profit? Since we are at break-even, does one wait for the market to reverse or fall back under a major line?
This is a wonderful method, thanksIgnored
Dislikedso great thread!
just wanna know if the pa doesnt appear the expecting zone,how do you catch it?Ignored
DislikedI'd like to make a prediction on how Nomask would answer this question...I believe he would tell you to wait patiently for the next setup for low risk entry.Ignored
DislikedI've got a question for you myself Nomask. Take todays price action as an example...(I've attached my four hour chart).
Do you leave your Fib exactly where I have it now all week and wait for PA to come back into your Fib zones? Or will you move, in this case the upper limit of your Fib, to the most recent swing high and wait for PA to come back to your new Fib zones.
For instance I've shown this on my second four hour chart...
I also have the same exact question regarding the 5 min chart. But I suppose the same principle applies to moving...Ignored
DislikedI agree with you, Zusch - Nomask will say "be patient." I just KNOW he's going to be right, too. But I have a similar question as debaff had: what if price keeps going north and doesn't retrace? I don't want to miss the move.
So I decided to look for an entry now, and use Nomask's method to enter.
The 4H chart ranged for the first few bars this morning, then a bullish bar broke the previous weekly high. Only the wick broke (I'm on EST), but it was still a break, so I took that as the 4H p.a.
I dropped to 5M and watched for p.a. I got...Ignored
DislikedIf you remember earlier in the thread I took a 4hr candle as a setup candle wich made just a close (not a pure price action) above the previous weeks high..
Thats the reason to catch in case its a straight bold up weekly candle.
Once you biased long on the weekly
you place your fib on it but if you get an instant close above the high of the setup week then you place your fib on the 4hr and watch it in 5 min.
Because sometimes you'll get weekly candles that don't retrace but keep moving forward.
This is the way of catching them.Ignored