had a good week of trading and also learnt just many. thanks all of you
1
4
- #16,084
- Mar 10, 2018 10:16am Mar 10, 2018 10:16am
- Joined Apr 2011 | Status: survivor | 4,131 Posts
So week end! Next week possible will start with up trend, so maybe small buy with 100 p TP{image}
my question this is your commercial plan?
you are sure you have more information about the situation.
because it is only trading on that basis.
brave.
peace.
- #16,087
- Edited 8:07am Mar 11, 2018 6:16am | Edited 8:07am
- Joined May 2015 | Status: Trader | 1,148 Posts
Hey Guys,
I've been trying to perfect the count this weekend using macd to identify intermediate wave 3, I believe this is a minor correction of intermediate wave 3.
H4 - Intermediate / Minor / Minute
Using the probability matrix, Fib Extension 123.6 drawn from minor X to B and Fib Retracement 50.0 drawn from intermediate wave 3, has a 70% probability.
So the target is where these previous 2, intermediate trendline and two time zones, drawn from bullish and bearish minor waves, meet.
We know W to X isn't an impulse wave since we made a lower low on A, so we know this still is a correction since C has to complete with 5 minute waves.
I'm only counting 1 (i) or maybe 3 if the count is wrong. This would mean at least 2 more minute waves to complete minor corrective wave C and Y.
We'll know for sure if the 2260 level gets broken and price opens below.
Daily - Primary / Intermediate / Minor
Then I think we'll begin wave 5 on intermediate with a target at Fib Extension 61.8% to 100% (2650) at monthly resistance, also with 70% probability to complete Cycle 1.
Weekly - Cycle / Primary
So I don't think we'll be breaking the monthly restistance yet, or the wave count is wrong.
This would mean that we'll be going in a bearish intermediate market (5 - 3 - 5) to complete A-B-C correction on primary.
And we might get something like this, but that's very far away ofcourse.
Conclusion
For monday and tuesday I'm thinking correction minute wave (ii) and then continuation (iii) (iv) and (v), longs only from 2165.
This means my previous post on cycle wave 3 is probably wrong. (should mention that).
Grtz
I've been trying to perfect the count this weekend using macd to identify intermediate wave 3, I believe this is a minor correction of intermediate wave 3.
H4 - Intermediate / Minor / Minute
Using the probability matrix, Fib Extension 123.6 drawn from minor X to B and Fib Retracement 50.0 drawn from intermediate wave 3, has a 70% probability.
So the target is where these previous 2, intermediate trendline and two time zones, drawn from bullish and bearish minor waves, meet.
We know W to X isn't an impulse wave since we made a lower low on A, so we know this still is a correction since C has to complete with 5 minute waves.
I'm only counting 1 (i) or maybe 3 if the count is wrong. This would mean at least 2 more minute waves to complete minor corrective wave C and Y.
We'll know for sure if the 2260 level gets broken and price opens below.
Daily - Primary / Intermediate / Minor
Then I think we'll begin wave 5 on intermediate with a target at Fib Extension 61.8% to 100% (2650) at monthly resistance, also with 70% probability to complete Cycle 1.
Weekly - Cycle / Primary
So I don't think we'll be breaking the monthly restistance yet, or the wave count is wrong.
This would mean that we'll be going in a bearish intermediate market (5 - 3 - 5) to complete A-B-C correction on primary.
And we might get something like this, but that's very far away ofcourse.
Conclusion
For monday and tuesday I'm thinking correction minute wave (ii) and then continuation (iii) (iv) and (v), longs only from 2165.
This means my previous post on cycle wave 3 is probably wrong. (should mention that).
Grtz
What's that smell? ---- I smell money!
- #16,088
- Mar 11, 2018 6:18am Mar 11, 2018 6:18am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #16,090
- Mar 11, 2018 6:41am Mar 11, 2018 6:41am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
Quick Monthly Outlook Hi folks.. Therefore once again write the 1.2313 level with big font size onto your screen or wall.. While above try to buy the dips but once below try to sell the highs. My half cents.. Stay Green {image}
Self discipline It is a practice
- #16,091
- Mar 11, 2018 10:20am Mar 11, 2018 10:20am
- Joined Jun 2013 | Status: enjoying life | 23,868 Posts
- #16,092
- Mar 11, 2018 10:39am Mar 11, 2018 10:39am
- Joined May 2015 | Status: Trader | 1,148 Posts
{quote} correct
What's that smell? ---- I smell money!
- #16,093
- Mar 11, 2018 10:54am Mar 11, 2018 10:54am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
I see another bullish week if price save's these ABCD pattern.. Interesting level's im watching: 1.22770, 1.25484 and 1.21600, Good luck to everyone
- #16,095
- Mar 11, 2018 12:39pm Mar 11, 2018 12:39pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
Fun part about week-ends ,,,,not saying your wrong or right 4 Hour there is a double top and a double bottom,, nothing more nothing less,,price has not been able to sustain anything above projected price tgt from 3 month Inverted H & S pattern ,now it has over 2 thirds of a quarter making a pattern the other way,,will it get to projected price tgt area , ,,time will tell ,,,,,,,price currently below the 50 level between the 2 ,,,,,not overly bullish to myself any way ,,,,few hours into a new week can change things tho,,,,2277 level is a good one to watch as that is last weeks low now ,,,,,,,2290 area was sold once and bought once Friday then price settled under Fridays open and the nfp news spike level at annc,,,,another bearish mark for me . As far as the hourly,not real sold on the idea of bullish divergence,,, its only 1/3 third thru an average cycle,,,,nice clear charts ,,,,,wishing a prosperous week to you and all ,cheers . 
- #16,096
- Mar 11, 2018 12:41pm Mar 11, 2018 12:41pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
- #16,100
- Mar 11, 2018 1:18pm Mar 11, 2018 1:18pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!