It's in fear when people show what they truly value.
- Joined Nov 2013 | Status: Member | 2,776 Posts
{quote} heheI would say ok if it is relevant to the topic, but preferably 1H+. sounds good ?
It's in fear when people show what they truly value.
- Joined Jul 2013 | Status: Member | 1,045 Posts
EJ trade from Friday, TP hit. Draghi's speach helped. Many times the technical signals foretell the outcome of the fundies. This was one of those times.
I took a EC trade on H1, based on breakout/pullback/continuation. It broke out the last swing high, returned to test it, and then went back to the presumed direction, after DB with stop hunt (my favorite) at 23.6 retracement on W1. I closed the trade once I had a H1 close under the last swing low, but then reentered after H1 BUOB. Target was D1 127.2 extension, although it is deleted from the chart.
I am also in EA, but I will post about it when it is closed.
I took a EC trade on H1, based on breakout/pullback/continuation. It broke out the last swing high, returned to test it, and then went back to the presumed direction, after DB with stop hunt (my favorite) at 23.6 retracement on W1. I closed the trade once I had a H1 close under the last swing low, but then reentered after H1 BUOB. Target was D1 127.2 extension, although it is deleted from the chart.
I am also in EA, but I will post about it when it is closed.
- Joined Nov 2013 | Status: Member | 2,776 Posts
OK .. For simplicity sake.
Going forward. have learned a lot from having the small group. since Fibonacci is a challenge to start with .. such as where do i draw the fib, do I use weekly, monthly etc. when do I use recent swing H/low.. question's like this can be eliminated by guiding you folk to only using one fib draw.. and that's from Previous day High and low, for all trading including 4HR.
EUR/JPY example below. Each vertical represent's a new day.
and for whatever trade trader's take. I suggest for them the 127.2 target. short side or long side. This approach is preferred for H1. But for 4HR trader's for now this is how I would like you to approach it.
Going forward. have learned a lot from having the small group. since Fibonacci is a challenge to start with .. such as where do i draw the fib, do I use weekly, monthly etc. when do I use recent swing H/low.. question's like this can be eliminated by guiding you folk to only using one fib draw.. and that's from Previous day High and low, for all trading including 4HR.
EUR/JPY example below. Each vertical represent's a new day.
and for whatever trade trader's take. I suggest for them the 127.2 target. short side or long side. This approach is preferred for H1. But for 4HR trader's for now this is how I would like you to approach it.
It's in fear when people show what they truly value.
200% around 1.2818 as short target
update with something interesting that i saw earlier
of course I didnt trade any of these. it is just hindsight analysis
I am currently short GJ once it crossed Open of the day.
If that doesn't work out I will try catching a move to 127% high
on the daily it looks like it could have a DT
