that was dxy graph
Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)
- #1,304
- Nov 16, 2018 8:17am Nov 16, 2018 8:17am
woah. Now that's what I call a short. What killed dxy? Fed statements? Wow.
Friend of mine would just say: Its Friday!
- #1,305
- Nov 16, 2018 8:50am Nov 16, 2018 8:50am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Hello Lemercenaire Thank you very much for pointing out Chuvashov Fork. I never used it before and after googling it, I found that as you said it could aid with timing such entries. I will dig deep into it in the weekend. Now, when you mentioned "aid your timing", you definitely caught my attention. The reason for that is that I opened thread for catching price at important swing points. In many cases, it will be a reversal. I use HTF S/R/TLs/Patterns on price and candles, etc...to find those "anticipated reversals". They are risky by nature...
You're welcome - glad to have planted a seed.
Sorry your thread didn't get the attention. You'll find that threads devoted to ideas and concept development are not very heavily viewed, as most, certainly newcomers, are looking for fully-formed, set-and-forget-and-buy-the-Ferrari methods - and I'm sure I'm not telling you something you don't already know.
The C-Fork will serve you well, I feel.
It can be used on every time-frame and can be used as a stand-alone or in conjunction with other entry criteria.
Personally, I often use micro Supply + Demand to fine tune entries (and exits) and if I am trading a line (that's my thing) I will not only trade any initial break but use the classic break, close over, retest, enter technique. This is how I will run any C-Fork entry. However, each to their own.
As an aside, on that first chart, I personally would have felt simply looking left would have given me the confidence to go long there
All the best, buddy.
- #1,306
- Nov 16, 2018 8:54am Nov 16, 2018 8:54am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
North Korea's Kim Jong-Un observes test of 'ultramodern' mystery weapon just in on news
- #1,307
- Nov 16, 2018 10:47am Nov 16, 2018 10:47am
As an aside, on that first chart, I personally would have felt simply looking left would have given me the confidence to go long there All the best, buddy.[/quote]
Hello
Thanks for your reply and looking forward for more interaction.
When I look at this first chart, I removed everything and put a zone in red and a minor support (yellow). Still, it would imply a bearish look. The wick of the last candle was a trap. The daily piercing pattern occurred below the yellow line. Any way, I think it is subjective as with any other thing in TA.
For long I have been carefully examining candles on Weekly and Monthly and think to myself (What makes any one buy or short here). If I put myself in his foot, what would I be looking at. CBOT? Volume? Indices? Commodities affecting currency? speculations before fundamentals? what? ....Sometimes, there is no impelling PA or may be there is but not really standing out in face of the normal trader.
Anyway, I think this what gets me in technical analysis..its the mystery and the anticipation and prediction.
All the best for you too.
All the best, buddy.[/quote]Hello
Thanks for your reply and looking forward for more interaction
.When I look at this first chart, I removed everything and put a zone in red and a minor support (yellow). Still, it would imply a bearish look. The wick of the last candle was a trap. The daily piercing pattern occurred below the yellow line. Any way, I think it is subjective as with any other thing in TA.
For long I have been carefully examining candles on Weekly and Monthly and think to myself (What makes any one buy or short here). If I put myself in his foot, what would I be looking at. CBOT? Volume? Indices? Commodities affecting currency? speculations before fundamentals? what? ....Sometimes, there is no impelling PA or may be there is but not really standing out in face of the normal trader.
Anyway, I think this what gets me in technical analysis..its the mystery and the anticipation and prediction.
All the best for you too.
- #1,309
- Nov 17, 2018 5:16am Nov 17, 2018 5:16am
- Joined May 2015 | Status: Observer | 1,981 Posts
We err, and err, and err again, but less.
- #1,310
- Nov 17, 2018 5:39am Nov 17, 2018 5:39am
- Joined May 2015 | Status: Observer | 1,981 Posts
{quote} Dollar slide was captured with a beautiful response from ZAR on Friday. {image}
Weekly
Daily
We err, and err, and err again, but less.
- #1,311
- Nov 18, 2018 2:28am Nov 18, 2018 2:28am
{quote} Interesting week ahead for the USDZAR Weekly {image} Daily {image}
I see DXY as potentially completed its retracement based on the size of the previous retracement visible on the 4H chart. From here it could start climbing again - goes without saying i could be wrong.
- #1,312
- Nov 18, 2018 4:31am Nov 18, 2018 4:31am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
{quote} Looks risky to me... i will be waiting for the break before jumping in - there is every chance it will bounce up off those prior resistance levels, not necessarily break thru them. However if she does break thru then...
caution is very good , 1hr chart fib says its at the 68fib , 100% fib says its around 17.4555 approx , you can have a bounce up or down from the 68fib
people leave, but this thread will go on for ever
- #1,313
- Nov 18, 2018 8:51am Nov 18, 2018 8:51am
- Joined Nov 2017 | Status: Rebarkable | 1,428 Posts
{quote} Looks risky to me... i will be waiting for the break before jumping in - there is every chance it will bounce up off those prior resistance levels, not necessarily break thru them. However if she does break thru then...
- #1,314
- Nov 18, 2018 4:11pm Nov 18, 2018 4:11pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #1,316
- Nov 19, 2018 1:30am Nov 19, 2018 1:30am
- Joined Nov 2017 | Status: Rebarkable | 1,428 Posts
{quote} I've found it!!! {image}
- #1,317
- Edited 2:27am Nov 19, 2018 1:59am | Edited 2:27am
- Joined Nov 2017 | Status: Rebarkable | 1,428 Posts
