we are still in up trend with a triangle in formation
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- #37,542
- Aug 28, 2018 4:13am Aug 28, 2018 4:13am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
i should long i should not , i should long i should not , i should long i should not , i should long i should not , i should long i should not , i should long i should not , i should long i should not , ................. {image}
All charts/ideas based on UK time zone
- #37,543
- Aug 28, 2018 4:16am Aug 28, 2018 4:16am
- Joined Jun 2013 | Status: enjoying life | 23,861 Posts | Online Now
- #37,544
- Aug 28, 2018 4:18am Aug 28, 2018 4:18am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} I think you should... but then again maybe you shouldn't
I have a felling there may not be much left in it,
the Bulls maybe foooked all tucker'd out
- #37,547
- Aug 28, 2018 4:23am Aug 28, 2018 4:23am
- Joined May 2014 | Status: Full Time Trader | 27,119 Posts | Online Now
{quote} Still learning your style boss. What I still don't get yet is the criteria in H1 for selecting the candle to clone the TL for aggressive style. I understand how you do it in lower timeframes (during pullback, the open of the bearish candle after a bullish one for expected upside break). But in H1 that you showed both yesterday and today do not meet that criteria unless a long-legged doji is considered a bullish attempt. Pls boss tell us the criteria for H1 aggressive TL. How the choice of candle to clone the TL is made. Thank you boss
:- Classic RED TL: We draw them with every new HIGHER CLOSE than PREVIOUS CLOSE.. never before! And candle wicks play no role with this system. We only watch closing price levels! And we also draw all sorts of RED trendlines on body tops of a bearish candle. In the examples all the lines start from the top of a red candle body. Never the wick! (In other words we use the Opening price of RED candles to position the RED TL)
- Aggressive RED TL Type 1: Whenever you clone a new RED TL below the current Classic RED TL with the goal to jump in earlier into a potential new rally. These often work but can be tricky. Therefore entries after a breakout from these lines are considered as aggressive entries.
- Aggressive RED TL Type 2: Whenever you clone a new RED TL above the current Classic RED TL but still below most recent Highest Closing Price with the goal to catch the potential rally earlier. These type of entries a little safer than the Type 1 and they often work as well but entries after a breakout from these are still aggressive entries.
I hope it helps.
Stay Green
Focus only on what truly matters!
- #37,548
- Aug 28, 2018 4:24am Aug 28, 2018 4:24am
- Joined Sep 2016 | Status: TMT Scalping... | 2,408 Posts
EU is now very bullish in Daily chart the way i see it
TMT Scalping System (Best system on FF)
- #37,549
- Aug 28, 2018 4:28am Aug 28, 2018 4:28am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
may get a reaction on this trend line (support turned resistance)
the trend is definitely to the upside tho
as previously mentioned: 1172 (almost there), 1184xxx (likely)
H4
short time frame momo divergences are showing up
the trend is definitely to the upside tho
as previously mentioned: 1172 (almost there), 1184xxx (likely)
H4
short time frame momo divergences are showing up
90% of people, are wrong about 90% of everything, 90% of the time...
- #37,550
- Aug 28, 2018 4:30am Aug 28, 2018 4:30am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
All charts/ideas based on UK time zone
- #37,551
- Aug 28, 2018 4:31am Aug 28, 2018 4:31am
- Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts
Risk Management is of utmost importance!
- #37,552
- Aug 28, 2018 4:32am Aug 28, 2018 4:32am
{quote} Study the chart below. I explained the RED TL logic and all the 3 types. You will find none of these terms in any book or source unless I have written or published it
- #37,554
- Aug 28, 2018 4:34am Aug 28, 2018 4:34am
- Joined Jun 2013 | Status: enjoying life | 23,861 Posts | Online Now
- #37,556
- Edited 4:51am Aug 28, 2018 4:39am | Edited 4:51am
- Joined May 2015 | Status: Trader | 1,148 Posts
Goodmorning,
I have a little EW update for you guys.
Or we have completed intermediate (A) and are currently working on minor A. Next move will be minor B for shorts.
Next best count is that we completed minor B and are working on minor C to complete intermediate (B), this would mean an intermediate wave (C) to come for shorts.
Probability stays on the upside until a break of 1.15935.
Grtz
I have a little EW update for you guys.
Or we have completed intermediate (A) and are currently working on minor A. Next move will be minor B for shorts.
Next best count is that we completed minor B and are working on minor C to complete intermediate (B), this would mean an intermediate wave (C) to come for shorts.
Probability stays on the upside until a break of 1.15935.
Grtz
What's that smell? ---- I smell money!
- #37,557
- Aug 28, 2018 4:40am Aug 28, 2018 4:40am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
90% of people, are wrong about 90% of everything, 90% of the time...
- #37,560
- Aug 28, 2018 4:51am Aug 28, 2018 4:51am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
