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PA based LTG

  • #201
  • Aug 15, 2017 12:15am Aug 15, 2017 12:15am
Quoting frenchy.fx
{quote} Can you use this system for 4h?
yes h4 chart
english is very hard me
  • #202
  • Aug 15, 2017 1:32am Aug 15, 2017 1:32am
last week trade 1st entry daily
today double top 30m chart take re-entry again
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english is very hard me
  • #203
  • Aug 15, 2017 2:58am Aug 15, 2017 2:58am
I see on usdcad h4 nice double top formation is coming on important fibo area and with slightly higher second top.waiting for confirmation, what you think, would this be a good signal?

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  • #204
  • Aug 15, 2017 3:06am Aug 15, 2017 3:06am
great entry
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english is very hard me
  • #205
  • Aug 15, 2017 3:18am Aug 15, 2017 3:18am
Quoting kleybenny
I see on usdcad h4 nice double top formation is coming on important fibo area and with slightly higher second top.waiting for confirmation, what you think, would this be a good signal? {image}
I like it kyle benny.
It's in fear when people show what they truly value.
  • #206
  • Aug 15, 2017 3:35am Aug 15, 2017 3:35am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
hello ensale and traders

NU

nice top at fib level ( fib from 01.07 start date, 31.07.17 end date -not from high to low, looks nice for me

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green pips
from level to level - you need mental strength to reach the summit
  • #207
  • Aug 15, 2017 6:06am Aug 15, 2017 6:06am
Quoting stevepatt
{quote} Hi Ensale, I completely agree with you on this. I was simply pointing out that it's not Fib. Levels that influence Price but the Price Level the Fib. falls on that is significant. How Significant Levels are Traded is down to the individual Trader.
right.. ok yep . agreed.
It's in fear when people show what they truly value.
  • #208
  • Aug 15, 2017 6:36am Aug 15, 2017 6:36am
eu breakout
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english is very hard me
  • #209
  • Aug 15, 2017 6:49am Aug 15, 2017 6:49am
doji/ spinning top
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english is very hard me
  • #210
  • Aug 15, 2017 9:06am Aug 15, 2017 9:06am
How are folks attempts so far? at trading this setup.
It's in fear when people show what they truly value.
  • #211
  • Aug 15, 2017 9:34am Aug 15, 2017 9:34am
Quoting ensale
How are folks attempts so far? at trading this setup.
Good Ensale yesterday i had this nagging doubt when i checked the dt on the Pound Dollar and price moved from 50 to 61.8 on the fibs i could sense a drop was on the cards for if the overall concept is to work then this DT yesterday was saying hey trains moving south and today it went lower, will it bounce of the 100 fib level well we wait and see so yep good trading.
  • #212
  • Aug 15, 2017 9:50am Aug 15, 2017 9:50am
This is a really nice thread that you have going on here, Ensale! There aren't that many here that get my attention, but this one looks great. It's a simple method. I don't usually trade the higher TF's, as I tend to be moreso the scalper, but I'm thinking of doing this too on a separate account. Well done and I look forward to being able to add my own contributions.
"An investment in knowledge pays the most interest."
  • #213
  • Aug 15, 2017 9:56am Aug 15, 2017 9:56am
Quoting dean1star
{quote} Good Ensale yesterday i had this nagging doubt when i checked the dt on the Pound Dollar and price moved from 50 to 61.8 on the fibs i could sense a drop was on the cards for if the overall concept is to work then this DT yesterday was saying hey trains moving south and today it went lower, will it bounce of the 100 fib level well we wait and see so yep good trading.
that's good to hear and good you mention the GU. the monthly levels and recent swing levels are to note on the gu.. post coming shortly.. glad you see worth with it.
It's in fear when people show what they truly value.
  • #214
  • Aug 15, 2017 10:52am Aug 15, 2017 10:52am
The US dollar so far this year has been very week, losing nearly 10% of its value. This decline might have influenced investors to go long the euro. Below looks at sentiment toward the euro, which we shared 9 days ago.


The chart above reflects that bullish euro sentiment is historically high and in the past when it reached these levels, it was closer to a high than a low.
Below looks at King Dollar’s pattern over the past couple of years.




USD, while testing 2-year support, also finds itself at the apex of a bullish falling wedge, where two weeks ago at (1) a large bullish reversal wick (reversal pattern) formed. This support test is taking place while momentum is oversold and attempting to turn up.
This week, King Dollar is attempting to breakout above resistance of the bullish falling wedge at (3). A rally in the USD and decline in the euro could put downward pressure on gold, silver and the miners.
Due to this pattern, members went long long the USD near the start of this month, with a stop just below the apex of the bullish falling wedge.
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english is very hard me
  • #215
  • Aug 15, 2017 11:07am Aug 15, 2017 11:07am
Quoting hitan234
eu breakout {image}
you are killing it, bro! very nice.
  • #216
  • Edited 11:27am Aug 15, 2017 11:17am | Edited 11:27am
Quoting dogdays713
{quote} you are killing it, bro! very nice.

thank u. i will pm u
english is very hard me
  • #217
  • Aug 15, 2017 11:18am Aug 15, 2017 11:18am
Quoting ensale
How are folks attempts so far? at trading this setup.
I love the thread, it's not hard to understand, I am new to trading and know very lil about it.
I have not tried to trade the higher times frames but will try it
  • #218
  • Aug 15, 2017 12:02pm Aug 15, 2017 12:02pm
GU..

First chart/ swing high to low on the 4hr. 23.6 retrace and then move to 127.2, no more no less. next charts we bring the month fib's and the confluences.
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...
as mentioned by our star.. dean1star, moves between 50-61.8 fib levels, which are retraces from the up move -- for those that are not aware, GU is being sold at 50% and 61.8 percent cheaper then the gains it made last month, if that explanation helps for those that are new to Fibonacci.

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Also note on the above chart, we are (were, posted on this yesterday) testing the underside of the 50 % fib. normally a retrace we look for the up move however we tested the underside and didn't break above. also note we running below the 20 EMA on h4.. showing the trend is down.

..
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This last chart highlight's The confluences and the use of two fib's being drawn. one being the monthly and the other being recent swing high and low on H4.. and reading the double top at the those important level's..

So you've learned how to use the fib's for swings high's/lows + monthly levels. I will post more to cement the ideas shared.. next will post about weekly fib levels and daily for the hourly trading.


Questions welcome
It's in fear when people show what they truly value.
  • #219
  • Aug 15, 2017 12:02pm Aug 15, 2017 12:02pm
Quoting stevepatt
{quote} Hi Krismitt, Banks and Institution aren't looking at Random Fib. Levels to place their Orders. They use Whole and Half Numbers to do this. Take a look at any Chart and see where the Major Swings take place. {image}
Thanks for this and the further clarification Steve.

Cheers.
  • #220
  • Aug 15, 2017 12:34pm Aug 15, 2017 12:34pm
Quoting Kei78
This is a really nice thread that you have going on here, Ensale! There aren't that many here that get my attention, but this one looks great. It's a simple method. I don't usually trade the higher TF's, as I tend to be moreso the scalper, but I'm thinking of doing this too on a separate account. Well done and I look forward to being able to add my own contributions.
Thank you. that's nice to read (hear). would love to see your contributions.

For the experienced trader's this method should help them on the long timeframes and enhance their trading.
It's in fear when people show what they truly value.
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