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  • #142,601
  • Aug 20, 2016 4:25am Aug 20, 2016 4:25am
Hmm, tricky one this. Could go either way with Jackson Hole next week. And technically I think a retrace is possible before continuation of the current bull run.
But... bulls still seem to be in control at the moment so I'll go for a buy again Sisse. And thanks again for all the hard work you've been putting into this.
You reap what you sow.
  • #142,602
  • Edited 5:35am Aug 20, 2016 4:44am | Edited 5:35am
A quick analyse with a mix and a little bit different view combining fibes and ratios . We have a extended ratio for the second leg up ( the extension or start of the third leg is the squeeze how I see it now) We have not has any reel retracement after the second leg up. ( All ratios are copied 1:1 so the pink lines has equal length up for up legs and equal length down for down legs )
e/u takes stairs up and elevator down. From the two last down legs ratio we can expect the next down leg to go to 1.0850 area if we have seen the top. My worst case scenario is 1.1525 area for the bull squeeze before we see some real retracement/reversal ( It also almost match fib extension 161.8 if fibs are placed on the second up leg)

The down ratio will be moved to last high when retracement / reversal is confirmed to find how deep next leg possible can go before reversal, currently it is 1.0850 area.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 43 KB
Trading in the shadow of SM
  • #142,603
  • Aug 20, 2016 5:11am Aug 20, 2016 5:11am
Pure Prices
Chart Pattern
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 37 KB
Click to Enlarge Name: EURUSDDaily.png Size: 37 KB
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  • #142,604
  • Aug 20, 2016 11:19am Aug 20, 2016 11:19am
Quoting Fisher755
{image} This is what sisse was probably watching- last bearish engulfing and PA escape ouside of that body- eaither side. None happened yet.
nice clue given ... i always use to search for all this clues .... and i really appreciate that ... thankx buddy

i will keep the clue for future use in my book ....
Re-Incarnated
  • #142,605
  • Aug 21, 2016 11:07am Aug 21, 2016 11:07am
Head and Shoulder formed. EU long at 1.1327, SL1.1366, TP 1.0950
  • #142,606
  • Aug 21, 2016 11:34am Aug 21, 2016 11:34am
Quoting goldgirl
Head and Shoulder formed. EU long at 1.1327, SL1.1366, TP 1.0950
There's something about this sentence that makes me sceptical..
A 1 pip gain is better than a 1 pip loss.
  • #142,607
  • Aug 21, 2016 11:52am Aug 21, 2016 11:52am
So assuming we are going with the (very nice looking) bear fib map that Pharmor drew up there, and at the risk of appearing too focused on the exact fib entry point (I swear I just want to understand the iteration) am I right in thinking the fib entry for longs and shorts is at 1.135x with stop for shorts at 1.141x and stop for longs at 1.129x?
  • #142,608
  • Edited 1:21pm Aug 21, 2016 12:50pm | Edited 1:21pm
Quoting goosebone
So assuming we are going with the (very nice looking) bear fib map that Pharmor drew up there, and at the risk of appearing too focused on the exact fib entry point (I swear I just want to understand the iteration) am I right in thinking the fib entry for longs and shorts is at 1.135x with stop for shorts at 1.141x and stop for longs at 1.129x?
Sisse wants to show that once the MAP is clear and the direction established (planned) then it is not important what TA wise indicator you are using. All 3 mostly used indicator based entry versions will end in profits. That's the whole point of it.
Or if direction is wrong, at least the risk is minimized.
Few pips up or down at entry or SL is not so much important. ( it is HTF trade based on current FA and TA serves only as entry/SL tool).

Besides, the patience is very much needed in trading, so you can train your patience here and just let sisse show the points he wanted to show and ask after it is done. (after party discussion)

EDIT:
Here, repeated sisse's words to you from Friday, maybe you forgot...:
"@goosebone

It doesn't matter where !!!!, thats the point. We are creating a mixed map with mixed TA methods for entry too:

1. Show that direction is everything.
2. Indicator vs Price only for entries
3. Taking out emotions from trading. No frustration. Either you are right or wrong...the rest should just be a 'formality' (not really but you get the point)."
PVSRA
  • #142,609
  • Edited 3:10pm Aug 21, 2016 1:38pm | Edited 3:10pm
Quoting Fisher755
{quote} Sisse wants to show that once the MAP is clear and the direction established (planned) then it is not important what TA wise indicator you are using. All 3 mostly used indicator based entry versions will end in profits. That's the whole point of it.
Quote
I know.
Few pips up or down at entry or SL is not so much important.
Quote
A few hundred is.
( it is HTF trade based on current FA and TA serves only as entry/SL tool).
Quote
Right. An entry/SL tool. Thats what I'm talking about. HTF? It's the daily.
Besides, the patience is very much needed in trading, so you can train your patience here and just let sisse show the points he wanted to show and ask after it is done. (after party discussion)
Quote
Huh?
EDIT: Here, repeated sisse's words to you from Friday, maybe you forgot...: "@goosebone It doesn't matter where !!!!, thats the point. We are creating a mixed map with mixed TA methods for entry too: 1. Show that direction is everything. 2. Indicator vs Price only for entries 3. Taking out emotions from trading. No frustration. Either you are right or wrong...the rest should just be a 'formality' (not really but you get the point)."
Um....no I didnt forget but thanks.

The PA entry is clear. The MACD indi entry is clear. The fib entry isnt. That's because the fib entry hasn't been defined yet. So I'm trying to help define it. I'm ok with never defining it and going with the 'where your entry and stop is has absolutely no bearing on this exercise' theory. But I dont think thats what its all about or we would never have defined the other two. Can't really help track it , as was asked, if entry is not defined, right? No impatience on my part. I just think there's a loose end on this one right now so I thought Id try to help clear it up a bit before levels concerned are reached. No big thing. Enjoy your Sunday.
  • #142,610
  • Aug 21, 2016 3:15pm Aug 21, 2016 3:15pm
Quoting Pharm0r
Sorry guys, had to recreate an old fib as I do most of it in my head now The percentages are broken down in black as well for normal fibs, as well as sisse flip zone etc {image}
Goose, put the map in the quoted post and the map in this post side by side, that will give you entries for my fib map

unless i mis-read your question

for me an entry in the two orange zones on my fib map is ideal for this iteration
Attached Image (click to enlarge)
Click to Enlarge Name: outlooksell.png Size: 356 KB
  • #142,611
  • Edited 4:41pm Aug 21, 2016 3:34pm | Edited 4:41pm
Quoting Pharm0r
{quote} Goose, put the map in the quoted post and the map in this post side by side, that will give you entries for my fib map unless i mis-read your question for me an entry in the two orange zones on my fib map is ideal for this iteration {image}
Well, more like I want to help sisse track the entries and progress and I think I understand where they are/will be with the exeption of the fib one. Given this from the iteration:
The triggers:
"FIBS
Longs -> First retrace to 50% area (meaning inside 38.2% / 61.8%)
Shorts -> Close back 23.6%

-> The stops

Fibs: Next/Previous Fib line after trigger"

I know there were a couple fib maps posted so wanted to make sure a) I know the one we're using b) I know the entry level and stop for longs and shorts. But if I'm the only one unclear on it I'll certainly figure it out as we go here. No consequences.
  • #142,612
  • Aug 21, 2016 3:50pm Aug 21, 2016 3:50pm
Quoting sisse
Last call...table remain open for the weekend so all have a chance to jump in ... IN +++++Opening table for the 9th Iteration in the second round to get in synch with the market +++++" -Iteration 19: " Retrace or Reversal PART II - Frustration, Price & Indicators" Currently Euro trading @ 1.132x BUY DexterMorgan PAStalker yofi Ghandi hoom...
And here I am after month of travelling in Balkan countries Hope you all are having nice summer!!! Time get back to markets..... therefore:

SELL for me

  • #142,613
  • Aug 21, 2016 3:53pm Aug 21, 2016 3:53pm
Quoting goosebone
{quote}{quote}{quote}{quote}{quote} Um....no I didnt forget but thanks. The PA entry is clear. The MACD indi entry is clear. The fib entry isnt. That's because the fib entry hasn't been defined yet. So I'm trying to help define it. I'm ok with never defining it and going with the 'where your entry and stop is has absolutely no bearing on this exercise' theory. But I dont think thats what its all about or we would never have defined the other two. Can't really help track it , as was asked, if entry is not defined, right? No impatience on my part....
Ok. Great.

Quoting Pharm0r
{quote} Goose, put the map in the quoted post and the map in this post side by side, that will give you entries for my fib map unless i mis-read your question for me an entry in the two orange zones on my fib map is ideal for this iteration {image}
Funny how different every trader looks at the same pair. Shouldn't fibs be applied to neutral Outlook map in this case?
PVSRA
  • #142,614
  • Aug 21, 2016 4:38pm Aug 21, 2016 4:38pm
Quoting chester123
{quote} And here I am after month of travelling in Balkan countries Hope you all are having nice summer!!! Time get back to markets..... therefore: SELL for me
Welcome back. Looking forward to more of your charts and analysis.
  • #142,615
  • Aug 21, 2016 5:09pm Aug 21, 2016 5:09pm
Quoting Fisher755
{quote} Ok. Great. {quote} Funny how different every trader looks at the same pair. Shouldn't fibs be applied to neutral Outlook map in this case?
mid term is sell i believe
  • #142,616
  • Edited 6:01pm Aug 21, 2016 5:31pm | Edited 6:01pm
I got My first sell. Am I right?

Shorts: First Simple rejection of the highs D1

The Targets:
SELL: T1 -100 -> T2 -200 -> T3 -300 -> Homerun 1.070x

The Stops:
Pure Price: Last high/low from signal + a dozen ticks after trigger

So I got sell @1.13161, stops @1.13661 (about 50 pips) target @1.12161 (100 pips)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily-Iteration T19.png Size: 37 KB
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  • #142,617
  • Aug 21, 2016 7:35pm Aug 21, 2016 7:35pm
Quoting Pharm0r
{quote} mid term is sell i believe
No, Sisse changed to neutral last Thursday...

Quoting sisse
Only an unexpected 'slip' from Jackson will make me reevaluate but for strictly macro structural reasons important updates. --> Changing mid term outlook in Euro from Short back to Neutral --> Changing mid term outlook in Yen from Neutral to Soft Sell
You reap what you sow.
  • #142,618
  • Aug 21, 2016 7:47pm Aug 21, 2016 7:47pm
Come On Guys, At least shed some light for Me (for pure price action). I am really confused. So maybe I will open second sell tomorrow after Daily candle closed, right? And the target would be 200 pips lower, and the stops would be at previous daily candle highs. And the final would be on Day 3 with the target 300 pips lower, and the stops would be at previous daily candle high (again). Triple play right?
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  • #142,619
  • Aug 21, 2016 8:03pm Aug 21, 2016 8:03pm
Quoting RoelsMajor
Come On Guys, At least shed some light for Me (for pure price action). I am really confused. So maybe I will open second sell tomorrow after Daily candle closed, right? And the target would be 200 pips lower, and the stops would be at previous daily candle highs. And the final would be on Day 3 with the target 300 pips lower, and the stops would be at previous daily candle high (again). Triple play right?
I think Fisher is right. Probably best to let sisse shine some light on how he's looking at these entries tomorrow. But whether you're on the buy side or the sell side that's all that matters for the exercise.

This was sisse on Friday:
"Once we close the table. The entries will enter in play:

1. Fibs. We plot the current daily swing high and low range. Whatever triggers first. If we fly 400 ticks up without any retrace no entry short or long will be trigger, etc
2. Stochastic. As soon as we get a crossover overbought/oversold or below/above 50 in lets say H4 to make it comparable at the same time of the fibs..entries will be trigger.
3. Price action...as long as we don't get a signal ...nothing will be trigger....if we don't get any signal and all traders are already out ...well no signal trigger ..."

Table is still open.
  • #142,620
  • Aug 21, 2016 8:14pm Aug 21, 2016 8:14pm
Quoting goosebone
{quote} I think Fisher is right. Probably best to let sisse shine some light on how he's looking at these entries tomorrow. But whether you're on the buy side or the sell side that's all that matters for the exercise. This was sisse on Friday: "Once we close the table. The entries will enter in play: 3. Price action...as long as we don't get a signal ...nothing will be trigger....if we don't get any signal and all traders are already out ...well no signal trigger ..." Table is still open.
Ah. Thank U. I am allready made a false start. So the sell closed.
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