accounts are blown I am sure in recent times..........no one know when it will rise.
Market Player
1
- #21,222
- May 10, 2018 12:21am May 10, 2018 12:21am
- Joined Jun 2013 | Status: enjoying life | 23,850 Posts | Online Now
complex doggy piggy wolfie6 cattie wave pattern 
- #21,223
- May 10, 2018 12:21am May 10, 2018 12:21am
{quote} Hi. Can you share the Zig-Zag indie settings, please? Looks fine
You can also use wolf indi, attached - just put them to the chart and when you switch between timeframes (its neccesary to refresh) you will sometimes get it, and than just play. I never get perfect result from that, and 1-4 line is definitely not a target (max or min) but often show direction.
for example this bearish trend also started with M15 WW, and 1-4 was the direction. sometimes M5 ww negate the WW on highier timeframes or needs to be filled, but generally I think its just for additional point of view.
open to hear opinions
- #21,225
- May 10, 2018 12:25am May 10, 2018 12:25am
{quote} Hi. Can you share the Zig-Zag indie settings, please? Looks fine
perfect cross 1-3
than 1-4 was the direction and it was until now
PIC. 2: you can see M15 after some retracement April 23 (after small make-up)
- #21,226
- May 10, 2018 12:30am May 10, 2018 12:30am
- Joined Jun 2013 | Status: enjoying life | 23,850 Posts | Online Now
complex doggy piggy wolfie6 cattie wave pattern
- #21,227
- May 10, 2018 12:34am May 10, 2018 12:34am
- Joined Jun 2013 | Status: enjoying life | 23,850 Posts | Online Now
- #21,230
- May 10, 2018 12:39am May 10, 2018 12:39am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
{quote} I was trying to use different than defauld, but normal 12 5 3 are most reliable I think. You can also use wolf indi, attached - just put them to the chart and when you switch between timeframes (its neccesary to refresh) you will sometimes get it, and than just play. I never get perfect result from that, and 1-4 line is definitely not a target (max or min) but often show direction. for example this bearish trend also started with M15 WW, and 1-4 was the direction. sometimes M5 ww negate the WW on highier timeframes or needs to be filled,...
Self discipline It is a practice
- #21,231
- May 10, 2018 12:40am May 10, 2018 12:40am
- Joined Oct 2017 | Status: Follow the Order Flow! | 1,073 Posts
{quote} h1 is waiting for that breakout today {image}
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
- #21,232
- May 10, 2018 12:42am May 10, 2018 12:42am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
Wall of text, please excuse me, I am answering a question that was asked by dab in here, so I answer it in here.
I use smaller text format to not flood the thread with a gigantic wall of text. (sorry Ata)
Thank you for asking, please allow me to answer.
I remember that I did post a chart, outlining multiple pricelevels to the upside, based on the outcome of the elections in Netherlands, France and Germany, long before the german election in Oktober.
Predicting a strong bullrun, when price trades in a tight range right above a "doomsday" price for a long time, in the year of elections, based on the speculation that the right wing parties do NOT win the elections, especialy not the german election, was not exactly rocketscience.
Especialy not for a german analyst.
I live here, and just like any other analyst on the planet I came up with two simple scenarios, in a time of the year when nobody sane in their mind invests any money into a Europe with a very dangerous political situation (elections ahead, massive refugee crisis, people are extremely nervous to say the least (again, I live here, I am one of these people), rightwing parties gain a lot of ground...
Not exactly the situation where you'd pick up a phone and say "hey I trust the Euro, buy it", would you?
So, it was very clear what happens on elections:
1) rightwing does not win, money (trust) flows back into europe > bullrun
2) rightwing wins, europe ceases to exist, and so does the Euro with a massive drop
I thank whoever gods may be that hate and fear did not get the upper hand and the faschists did not win, especialy not in germany (I live here, I like it here)
I don't think people outside germany and france can really understand how dangerous the situation was, not only from a financial point of view.
So, based on this, you fire up the charts and start painting the two scenarios.
I did put my money in the bullrun, because I trusted the people. There must be some kind of sanity and humanity still left in this world, right?
Now, what technical analysts do is: find "pricelevels of interest".
1.25 and more precise 1.255 was a very strong pricelevel for a technical top of the bullrun. So were multiple levels of interest in between but 1.25 was:
- Fibonacci 61.8% and 141.4% extention
- median channel
- top Arc
- MA 200 exponantial close / simple close: cross and squeeze
- Top of Monthly downtrend channel
all these came together at a very specific date and 1.25 was a very easy call back then.
How did I trade the bull:
You can't imagine how wild the trolling was when I took the first long and the market did not pull up but kept ranging.
I sat on that initial buy for a long time with an emergency stop well underneith the "we are all f*cked" price down there.
After elections it was a pretty easy to trade bullrun and I scaled into my position at certain pricelevels.
Sadly I scaled down too early and I closed too early (around 1.20)
I am agressive and precice on my analysis, but I am extremely conservative with my Risk Management and my private trading.
Cutting my upside "too early" (too conservative) is a major flaw in my personal trading that I am battelin against all the time. I like to book the greens, as long as there are greens, so I trail my stops too agressive.
the Short:
That was a simple range breakout.
The 2017 bullrun came to a halt, market was ranging for a good while. I looked at two failed breakout attempts to the downside, the upswings were weakening, there is a date when ECB (Dragi) will announce a rate decision.
Everyone anticipates a hawkish announcement, I did not (they can't hike yet, I do have a very strong opinion on this), I had the retail sentiments against me (even more reason to position myself short), all the technical charts across the board point towards a bearish breakout. There is a very decent RR opportunity.
Easy decicion:
Daily chart > place an initial pending Short Stop @1.2211. Emergency Stop in the middle of range @1.2350, and see if it works.
I placed this order on the first inside day on the D1, two days before ECB event.
Then we had another indise day which is an even stronger signal for a breakout, one day before ECB event.
Then Dragi plays Dove, triggers the break, and the price took me in.
If you read through my posts you can see that again I fell to my flaw and tradet out of my initial short way too early and kept reshorting ever since. I did not trade a single buy order on the EUR/USD since I closed the 1.20 bull last year, especialy not since this breakout.
How far can we go? I did call 1.17 yesterday and I did call 1.16 last week.
We'll see, I take it either way, if there is opportunirty.
Finding opportunity is my job as an Analyst. making money is my job as a trader.
Others need not approve (unless others pay my bills)
On the "serious": I am
I hope this answers some of your questions.
If you have further questions you can always send a PM and not make me flood this thread with a not so easy to answer question.
I use smaller text format to not flood the thread with a gigantic wall of text. (sorry Ata)
{quote} I have enjoyed several of your posts and you seem very confident but it got me thinking, if you were sure of 1.255 coming from April last year then you must have made a lot of money on the way up and you have also been very confident in your posts that you saw this drop so you must have made lots on the way down too. If that is the case well done and I applaud you, reading price action is not my strongest suit so I trade in a way that it doesn't need to be. I had a quick look and couldn't find your mentioned post from April last year, (you...
I remember that I did post a chart, outlining multiple pricelevels to the upside, based on the outcome of the elections in Netherlands, France and Germany, long before the german election in Oktober.
Predicting a strong bullrun, when price trades in a tight range right above a "doomsday" price for a long time, in the year of elections, based on the speculation that the right wing parties do NOT win the elections, especialy not the german election, was not exactly rocketscience.
Especialy not for a german analyst.
I live here, and just like any other analyst on the planet I came up with two simple scenarios, in a time of the year when nobody sane in their mind invests any money into a Europe with a very dangerous political situation (elections ahead, massive refugee crisis, people are extremely nervous to say the least (again, I live here, I am one of these people), rightwing parties gain a lot of ground...
Not exactly the situation where you'd pick up a phone and say "hey I trust the Euro, buy it", would you?
So, it was very clear what happens on elections:
1) rightwing does not win, money (trust) flows back into europe > bullrun
2) rightwing wins, europe ceases to exist, and so does the Euro with a massive drop
I thank whoever gods may be that hate and fear did not get the upper hand and the faschists did not win, especialy not in germany (I live here, I like it here)
I don't think people outside germany and france can really understand how dangerous the situation was, not only from a financial point of view.
So, based on this, you fire up the charts and start painting the two scenarios.
I did put my money in the bullrun, because I trusted the people. There must be some kind of sanity and humanity still left in this world, right?
Now, what technical analysts do is: find "pricelevels of interest".
1.25 and more precise 1.255 was a very strong pricelevel for a technical top of the bullrun. So were multiple levels of interest in between but 1.25 was:
- Fibonacci 61.8% and 141.4% extention
- median channel
- top Arc
- MA 200 exponantial close / simple close: cross and squeeze
- Top of Monthly downtrend channel
all these came together at a very specific date and 1.25 was a very easy call back then.
How did I trade the bull:
You can't imagine how wild the trolling was when I took the first long and the market did not pull up but kept ranging.
I sat on that initial buy for a long time with an emergency stop well underneith the "we are all f*cked" price down there.
After elections it was a pretty easy to trade bullrun and I scaled into my position at certain pricelevels.
Sadly I scaled down too early and I closed too early (around 1.20)
I am agressive and precice on my analysis, but I am extremely conservative with my Risk Management and my private trading.
Cutting my upside "too early" (too conservative) is a major flaw in my personal trading that I am battelin against all the time. I like to book the greens, as long as there are greens, so I trail my stops too agressive.
the Short:
That was a simple range breakout.
The 2017 bullrun came to a halt, market was ranging for a good while. I looked at two failed breakout attempts to the downside, the upswings were weakening, there is a date when ECB (Dragi) will announce a rate decision.
Everyone anticipates a hawkish announcement, I did not (they can't hike yet, I do have a very strong opinion on this), I had the retail sentiments against me (even more reason to position myself short), all the technical charts across the board point towards a bearish breakout. There is a very decent RR opportunity.
Easy decicion:
Daily chart > place an initial pending Short Stop @1.2211. Emergency Stop in the middle of range @1.2350, and see if it works.
I placed this order on the first inside day on the D1, two days before ECB event.
Then we had another indise day which is an even stronger signal for a breakout, one day before ECB event.
Then Dragi plays Dove, triggers the break, and the price took me in.
If you read through my posts you can see that again I fell to my flaw and tradet out of my initial short way too early and kept reshorting ever since. I did not trade a single buy order on the EUR/USD since I closed the 1.20 bull last year, especialy not since this breakout.
How far can we go? I did call 1.17 yesterday and I did call 1.16 last week.
We'll see, I take it either way, if there is opportunirty.
Finding opportunity is my job as an Analyst. making money is my job as a trader.
Others need not approve (unless others pay my bills)
On the "serious": I am
I hope this answers some of your questions.
If you have further questions you can always send a PM and not make me flood this thread with a not so easy to answer question.
you are not expected to understand this
- #21,235
- May 10, 2018 12:46am May 10, 2018 12:46am
{quote} Nice tq for the indi will try it out, currently using mt4 ZigZag
below you can find new hipotese - if now we are only on small retracement, 1-4 points direction again if we will go below blue channel
(of course after make-up, not always the pattern is recognized by indi)
- #21,237
- May 10, 2018 12:51am May 10, 2018 12:51am
- Joined Jul 2017 | Status: Active member | 1,655 Posts
{quote} it may kill your trade - in my idea it should close today non range - 3 wave to up 3 wave down
- #21,238
- May 10, 2018 12:56am May 10, 2018 12:56am
- Joined Oct 2017 | Status: Follow the Order Flow! | 1,073 Posts
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
- #21,239
- May 10, 2018 1:08am May 10, 2018 1:08am
- Joined Jun 2013 | Status: enjoying life | 23,850 Posts | Online Now
{quote} Yep, slowly building for long - in at 1.1862, TP 1.1912, SL 1.1950 {image}
