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  • #1,152,881
  • Mar 30, 2019 6:16am Mar 30, 2019 6:16am
Quoting Igrok
{quote} in Forex gaps made on weekly charts work pretty good... sometimes it might take years for filling them up eventually but the market never forgets to come back and to make the job done... like I said before, it has absolute memory... market never forgets about two things: gaps and flat surfaces... not a single time in my memory and over the course of my 26-year trading career there was a failure in that instance... a dual-diagonal diamond can be projected in advance long before it gets fully formed, because it always starts with a broadening...
You echo my grandfather who taught and trained me to trade stocks and Forex.
Just retired from University
  • #1,152,882
  • Mar 30, 2019 6:20am Mar 30, 2019 6:20am
Quoting darksize
{quote} Do you check eurx as well ? its on interesting zone for buy, may not be strong, but could do the thing, Also EG looks wanna go UP which likely means the Eur will go up strongly. Also as you say, its the usdx may be the king, but as you sure know, the main currency thats compared against USD is EUR on usdx, its around 60% of usdx pool, rest is CAD,GBP,JPY and CHF, which uses the rest of the pool, thats then 40%. So if the usdx will rise, likely will eur go down and so on. Found the exact calculation to share to the thread: Euro...
sure I know that... therefore I said that, despite not providing so definitive technical picture as the usdx, eur will follow it no matter what...
  • #1,152,883
  • Edited 7:13am Mar 30, 2019 6:27am | Edited 7:13am
Quoting fontu
Possible this expanding triangle turn into a diamond as swing are same , swing low got, swing already or may to get ( no think though) but nothing so short cut and there are ranges for more than a year still to play. Diamond and expanding triangles are extremely bearish. {image}
that possibility I had also considered already...there is a bad news for you in this case... a single-diagonal diamond eventually makes the break out in the direction opposite to the direction of the main move of the main diagonal... in your case scenario it should become a continuation pattern with a huge upside potential...
here I have shown all the six possible types of diamonds and their examples... the webinar video is in Russian but at least you will be able to see the pictures there...
Inserted Video


for English speakers my last article about "diamonds" was published in the November's, 2018 issue of the "Stocks & Commodities" magazine... should still be available there, I think... http://traders.com/#Nov2018
https://www.twirpx.com/file/2652620/
  • #1,152,884
  • Mar 30, 2019 6:33am Mar 30, 2019 6:33am
Quoting darksize
{quote} Do you check eurx as well ? its on interesting zone for buy, may not be strong, but could do the thing, Also EG looks wanna go UP which likely means the Eur will go up strongly. Also as you say, its the usdx may be the king, but as you sure know, the main currency thats compared against USD is EUR on usdx, its around 60% of usdx pool, rest is CAD,GBP,JPY and CHF, which uses the rest of the pool, thats then 40%. So if the usdx will rise, likely will eur go down and so on. Found the exact calculation to share to the thread: Euro...
Currently, the hedge strategy, usdjpy vs other pairs, is not yet possible.
so I'm waiting
  • #1,152,885
  • Mar 30, 2019 6:43am Mar 30, 2019 6:43am
Quoting tiborf71
{quote} Currently, the hedge strategy, usdjpy vs other pairs, is not yet possible. so I'm waiting
Sorry, but i have no idea what hedge strategy is. I am simply looking for most apropriate USD pair to enter, if i have suspicion that there is one USD pair that will move the other way than the rest of them (like JPY) i enter some cross with JPY.
-._.-
  • #1,152,886
  • Mar 30, 2019 6:49am Mar 30, 2019 6:49am
Quoting darksize
{quote} Sorry, but i have no idea what hedge strategy is. I am simply looking for most apropriate USD pair to enter, if i have suspicion that there is one USD pair that will move the other way than the rest of them (like JPY) i enter some cross with JPY.
ok
I understand, I only interpret my own situation.
your analysis may be good.
good luck to you.
  • #1,152,887
  • Mar 30, 2019 6:58am Mar 30, 2019 6:58am
EU W1
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yes yes yes
  • #1,152,888
  • Mar 30, 2019 7:10am Mar 30, 2019 7:10am
Quoting Moty
EU W1 {image}
The last square looks totally differend than the previous ones. On previous ones is obvious rejection of the zone, on the last one looks more like accumulation, i can agree on that with Igrok, but i am not sure if its time to break down, so some up before is likely according to my readings.
-._.-
  • #1,152,889
  • Mar 30, 2019 7:28am Mar 30, 2019 7:28am
Quoting Miracleforex
{quote} You echo my grandfather who taught and trained me to trade stocks and Forex.
glad to know that I'm not alone in this world and there is someone else who knows and understands the market quite well too... say 'Hi" to your grandpa from me, please... and with great respect...
  • #1,152,890
  • Mar 30, 2019 7:47am Mar 30, 2019 7:47am
Quoting darksize
{quote} The last square looks totally differend than the previous ones. On previous ones is obvious rejection of the zone, on the last one looks more like accumulation, i can agree on that with Igrok, but i am not sure if its time to break down, so some up before is likely according to my readings.
5 months of "accumulation" is more than enough... i call them "bifurcation zones"...
  • #1,152,891
  • Mar 30, 2019 7:50am Mar 30, 2019 7:50am
Quoting Igrok
{quote} 5 months of "accumulation" is more than enough...
I agree, but there is the "one" zone that i would like to see smashed before, and the way to make this happen, is USD being cheaper. atleast once. This move cannot last too long, or another support will emerge. Its just too slow now. Atleast thats my theory.
-._.-
  • #1,152,892
  • Mar 30, 2019 7:56am Mar 30, 2019 7:56am
Quoting darksize
{quote} I agree, but there is the "one" zone that i would like to see smashed before, and the way to make this happen, is USD being cheaper. atleast once. This move cannot last too long, or another support will emerge. Its just too slow now. Atleast thats my theory.
I don't think it has enough time to fool around for longer... it's already a little bit behind the schedule...
  • #1,152,893
  • Mar 30, 2019 9:49am Mar 30, 2019 9:49am
Quoting Igrok
{quote} glad to know that I'm not alone in this world and there is someone else who knows and understands the market quite well too... say 'Hi" to your grandpa from me, please... and with great respect...
He passed away in 2007. My wealth today is due to his investment advice and education.

He wanted to teach me the "extension pattern" but our conversation was half done.

I am wondering if your continuation pattern is the same as the extension pattern he wanted to teach me.

According to him, price movement is skill one must master and patterns put together speak a language.
Just retired from University
  • #1,152,894
  • Mar 30, 2019 10:20am Mar 30, 2019 10:20am
Quoting Miracleforex
{quote} He passed away in 2007. My wealth today is due to his investment advice and education. He wanted to teach me the "extension pattern" but our conversation was half done. I am wondering if your continuation pattern is the same as the extension pattern he wanted to teach me. According to him, price movement is skill one must master and patterns put together speak a language.
it's a pity that you lost such a great relative,,, my condolences...
i don't know exactly what your grandpa was talking about but contrary to some classic TA percetions some types of diamonds are in fact work pretty well as continuation patterns just because in such case there is always a measured objective target that can be projected in advance... unfortunately they rarely occur and mostly on the longer-term charts... the largest one I saw was built on the AUD/JPY chart and it took three years to complete the pattern... one of the most significant and useful was formed on the DJIA chart... here is the picture of it...
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  • #1,152,895
  • Mar 30, 2019 10:29am Mar 30, 2019 10:29am
and this is the one on the AUD/JPY,,, more than 3 years in the making...
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  • #1,152,896
  • Mar 30, 2019 10:51am Mar 30, 2019 10:51am
Quoting Miracleforex
{quote} He passed away in 2007. My wealth today is due to his investment advice and education. He wanted to teach me the "extension pattern" but our conversation was half done. I am wondering if your continuation pattern is the same as the extension pattern he wanted to teach me. According to him, price movement is skill one must master and patterns put together speak a language.
He passed away in 2008. My medication is interfering with my mind.
Post my surgery all my analysis and decisions are messed up.
Just retired from University
  • #1,152,897
  • Mar 30, 2019 11:18am Mar 30, 2019 11:18am
Quoting Igrok
and this is the one on the AUD/JPY,,, more than 3 years in the making... {image}
Thank you Mate. Well explained.
I am getting your book to read . I downloaded the sample and I like it.
I haven't read in a long time. That should keep me occupied. Otherwise I will keep loosing my profits just like I did in my last 2 trades.
Just retired from University
  • #1,152,898
  • Mar 30, 2019 1:11pm Mar 30, 2019 1:11pm
D1
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yes yes yes
  • #1,152,899
  • Edited 11:23pm Mar 30, 2019 1:25pm | Edited 11:23pm
Quoting Moty
D1 {image}
Providing the previous low stamped this small c up can be great leap for the bull. Yes many more challenges to overcome like 1447, next goes1480/1513 specially . Things can change differently still as new lows may come up anyway.higher tf in driving seat, difficult to analyse perfectly. And very good chances this low may hold as last swing have both new low first and new high next.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,152,900
  • Mar 30, 2019 2:49pm Mar 30, 2019 2:49pm
I’m looking for bulls stop hunt low Monday open then rise
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