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There is no Magic Moving Average - You need only one

  • #161
  • Sep 29, 2017 3:19pm Sep 29, 2017 3:19pm
Quoting andoseg2
A pullback @ $132.5 would be ideal before a long can be taken in consideration, in my opinion. {image} {image}

Update :

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Money moves the market, not an indicator.
  • #162
  • Sep 29, 2017 3:40pm Sep 29, 2017 3:40pm
GU (D1-H4)
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  • #163
  • Sep 29, 2017 4:40pm Sep 29, 2017 4:40pm
Quoting RapzyFX
Hi Andoseg2, All I can say is GREAT WORK!!! Very Interesting Indeed and I hope you continue because a lot of people are learning from here including me. I have one request though: 1. Can yo please do a breakdown of the phase GBPJPY is in currently.
Here you go :

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Money moves the market, not an indicator.
  • #164
  • Sep 29, 2017 10:11pm Sep 29, 2017 10:11pm
Quoting andoseg2
{quote} Update : {image} {image} {image}
Hello andoseg2,
Thank for your detail explanation on EURJPY.
Could you please tell me why level 132.5 is so important. How can you identify that level?
Thank you.
  • #165
  • Sep 30, 2017 1:25am Sep 30, 2017 1:25am
Quoting extraw
{quote} Hello andoseg2, Thank for your detail explanation on EURJPY. Could you please tell me why level 132.5 is so important. How can you identify that level? Thank you.
Hello,

There is no magic in this level. 132.5 is a price number and people buy and sell on these numbers.

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Money moves the market, not an indicator.
  • #166
  • Sep 30, 2017 8:34am Sep 30, 2017 8:34am
Quoting andoseg2
{quote} Hello, There is no magic in this level. 132.5 is a price number and people buy and sell on these numbers. {image} {image} {image}
Wow, that's new to me.
Heard a lot about round number but haven't known how to use it.
Thank you very much. It's awesome.
  • #167
  • Sep 30, 2017 4:24pm Sep 30, 2017 4:24pm
What did you find on the week end?

Apparently some can see a Head & Shoulders on the 4 H of GBPCHF

There was a lower weekly close at least, at resistance level, not sure if GBP weak or CHF got strong?

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It takes a lot for me to IGNORE you, but you can try.
  • #168
  • Oct 1, 2017 2:03am Oct 1, 2017 2:03am
Quoting Erebus
What did you find on the week end? Apparently some can see a Head & Shoulders on the 4 H of GBPCHF There was a lower weekly close at least, at resistance level, not sure if GBP weak or CHF got strong? {image} {image}

Every time you find such situation you shall switch to a larger timeframe . Review Post #114 and Post #164 above, GBP/USD is almost same situation with GBP/CHF

You are looking to short a Distribution (4H) into Markup (W) . In my opinion, that isn't a good idea.
Money moves the market, not an indicator.
  • #169
  • Oct 1, 2017 11:16am Oct 1, 2017 11:16am
Waiting for opportunity on USDJPY:
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  • #170
  • Edited 2:36pm Oct 1, 2017 2:22pm | Edited 2:36pm
Quoting Kubiasty
Waiting for opportunity on USDJPY: {image}
It have more chances for a Markup than to be a correction through time

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Money moves the market, not an indicator.
  • #171
  • Oct 2, 2017 1:57am Oct 2, 2017 1:57am
Quoting andoseg2
{quote} It have more chances for a Markup than to be a correction through time {image}

Update, indeed, Markup Phase confirmed. Risk shall be reduced completely now by moving SL above the entry :
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Money moves the market, not an indicator.
  • #172
  • Oct 2, 2017 9:15am Oct 2, 2017 9:15am
Quoting andoseg2
{quote} Update, indeed, Markup Phase confirmed. Risk shall be reduced completely now by moving SL above the entry : {image}
where was your entry ??
  • #173
  • Oct 2, 2017 2:38pm Oct 2, 2017 2:38pm
Quoting Kubiasty
{quote} where was your entry ??
Isn't obvious ?
Money moves the market, not an indicator.
  • #174
  • Oct 2, 2017 2:51pm Oct 2, 2017 2:51pm
Quoting andoseg2
{quote} Isn't obvious ?
no its not sorry
  • #175
  • Oct 2, 2017 3:23pm Oct 2, 2017 3:23pm
@ 112.735
Money moves the market, not an indicator.
  • #176
  • Oct 3, 2017 2:14am Oct 3, 2017 2:14am
GBP/USD + USD/CAD are vulnerable to a Markup respectively Decline.
AUD/JPY vulnerable to a Markup
EUR/CHF + EUR/JPY + NZD/JPY vulnerable to a Markup too.

Did you spoted ? Let see if somebody learn something until now from what is written here .
Money moves the market, not an indicator.
  • #177
  • Oct 3, 2017 2:41am Oct 3, 2017 2:41am
AUD/JPY explained by me, the rest by you.

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Money moves the market, not an indicator.
  • #178
  • Edited 4:08am Oct 3, 2017 3:22am | Edited 4:08am
Hello Andrew,

First, thank you very much for sharing your knowledge on this great thread!!

Here is my thought about USD/CAD, possible distribution near current hedge top (resistance) and then decline.
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  • #179
  • Oct 3, 2017 3:28am Oct 3, 2017 3:28am
EUR/CHF 4H
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  • #180
  • Oct 3, 2017 3:46am Oct 3, 2017 3:46am
GBPUSD 4H
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