box high 142.74
box low 141.58
box range 116
box low 141.58
box range 116
Box Breakout indicator 195 replies
Breakout EA based on New York Box 3 replies
4H Weekly Box Breakout [TD] 4 replies
EURUSD Box Breakout 6 replies
Breakout Box 5 replies
Dislikedactually, one losing trade should not have been opened. I messes with limit buy and buy stop order. Position was opened 9 pips below my order, price did not reach it. it looked like it was hit by spread. what is the difference between buy limit and buy stop?Ignored
DislikedShiko . . . when you say "price did not reach it", are you referring to the price shown on your chart? If so, the price on the charts always refers to the Sell price. If you have a 9-pip spread, that would account for your Buy trade opening.Ignored
DislikedWell, this is what I see.
Currently, the bounce point is at 139.69 to the fraction of a pip historically (over the last month) with lower highs forming a Flag formation, I suspect, due to historic characteristics of PA over the past month, that this particular move should reach a minimum of 141.25-141.15. I believe this to be the ultimate Take Profit point.
AttachmentIgnored
DislikedIf it moved there I will move stop loss 40 pips more down to cover my DD if I am stopped.
Situation looks pretty much similar to what was going on when price was testing 149.00... hopefully results will be similar as well...Ignored
DislikedI don't suspect that price will drop below the 139.69 mark just yet, we are at a super S&R, I suspect before this range is done and we get either a good drop, or a nice climb, we are going to experience at least once more bounce off the Super S&R at 139.69 to taper off the flag, but before it tests the Super S&R at 139.69, it could bounce off the Major at 140.84 and tag the top trend of the flag (this is why I say this move should have an ultimate of 141.15-141.25 take profit) before turning around to tag the Super S&R again.
Here is an image to...Ignored
DislikedI think it does not matter what Super S&R. If it is tested enough times everything gonna break. It is psychological thing. People start see this level as normal... 149.00. same thing happened. 3 times tested than broken.
Current support also has hold 3 times. Let's see.Ignored
DislikedI agree, but this S&R has only been hit twice, and it appears as tho it is going to be hit again (might be a breakthrough), the major that is currently in between price and the super has been broken through twice already in this ranged period. I'm just pointing out the possibilities based on the historic actions from the beginning of the range to now, these 2 points (Super and major S&R) the Major has been respected once already, broken through twice, and the super has been respected every time thus far, it is only a matter of time, but when that...Ignored