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  • #1,153,041
  • Edited 5:07am Apr 2, 2019 4:57am | Edited 5:07am
Quoting Ridmantas
{quote} I reference this to USDX Dialy/ Dow daily projections charts and that your are working with daily and above charts for diamond projections.
sorry.. i didn't get it correctly the first time... but this is also easy... everything above 28250 on the Dow is a sell with minimal retracement back to about 19000 level... someone can sit on those short positions till 4500 gets printed in 10 years from now or so... usdx is about to build the second main diagonal and then it can be shorted too via taking longs on eur/usd... in the longer-term 1.50 level on the eur/usd is quite possible while 1.3900 at least is a must...
  • #1,153,042
  • Apr 2, 2019 5:12am Apr 2, 2019 5:12am
Quoting Igrok
{quote} sorry.. i didn't get it correctly the first time... but this is also easy... everything above 28250 on the Dow is a sell with minimal retracement back to about 19000 level... someone can sit on those short positions till 4500 gets printed in 10 years from now or so... usdx is about to build the second main diagonal and then it can be shorted too via taking longs on eur/usd...
Concept of bias long or short is very clear of your descriptions here and at your thread. This entry determination seems like additional confirmation to take longs on EU in a future.

What I am missing is entry point on Daily/ weekly formations like diamonds where STOP loss and calculated entry point would be lets say size of the weekly range. It might be not necessary to place such a large stop if ID, IW template or any other small formation confirms reverse at large Diamond formation, therefore stop loss would be placed in an appropriate RR level, but it wouldn't be above very top/ bottom of diamond main diagonal.

I am more about speculative purpose entry strategy on ID/IW with reasonable RR, rather than taking a long term positions.
  • #1,153,043
  • Apr 2, 2019 6:17am Apr 2, 2019 6:17am
Attached Image (click to enlarge)
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  • #1,153,044
  • Apr 2, 2019 6:29am Apr 2, 2019 6:29am
Quoting Techanalyst
{image}
You are using indicators,what a funny u turn.
  • #1,153,045
  • Apr 2, 2019 6:35am Apr 2, 2019 6:35am
Quoting AbbasRizvi
{quote} You are using indicators,what a funny u turn.
It's just makes charts look pretty. Not using them at all. Pay attention to trading rookie, don't worry what others do or use on their own charts. I use charts for my trading strategy.
  • #1,153,046
  • Apr 2, 2019 7:03am Apr 2, 2019 7:03am
Quoting Techanalyst
{quote} It's just makes charts look pretty. Not using them at all. Pay attention to trading rookie, don't worry what others do or use on their own charts. I use charts for my trading strategy.
All indicators suck. All you need are the candles themselves, and some horizontal lines. Perhaps some vertical ones too. The trick is knowing where to place them.

Moving averages are also useful as a visual aid. They lag if you use them as lagging indicators. In practice they show a moving average price.... meaning in a down trend a cheaper than average price can be found above them and typically bouncing off them.

ADR, ATR also useful.

Every other indicator is rubbish IMHO.
  • #1,153,047
  • Apr 2, 2019 7:13am Apr 2, 2019 7:13am
Quoting EvilEye
{quote} All indicators suck. All you need are the candles themselves, and some horizontal lines. Perhaps some vertical ones too. The trick is knowing where to place them. Moving averages are also useful as a visual aid. They lag if you use them as lagging indicators. In practice they show a moving average price.... meaning in a down trend a cheaper than average price can be found above them and typically bouncing off them. ADR, ATR also useful. Every other indicator is rubbish IMHO.
True.
  • #1,153,048
  • Apr 2, 2019 7:19am Apr 2, 2019 7:19am
Quoting Techanalyst
{quote} It's just makes charts look pretty. Not using them at all. Pay attention to trading rookie, don't worry what others do or use on their own charts. I use charts for my trading strategy.
Brother actually you were/are advocate of plain graph, it was astonishing for me to see indicators on your graph. Don't mind please.
  • #1,153,049
  • Apr 2, 2019 7:44am Apr 2, 2019 7:44am
Quoting fontu
Boring!! needed more patience than thought. Ok now break 1198 so likeky test and breaks 1210/13 and even 1226 for 1238 or 49 even, to have bottom in place if breaks there!! Lets see. Watching usdx furure faulire top also to send tl again {image}
I see 1210hit, so now 1213 to test limit 1226, waiting usdx bo.react to avoid that level then!
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,153,050
  • Edited 8:50am Apr 2, 2019 8:26am | Edited 8:50am
Quoting Igrok
{quote} this one is unlikely to be a diamond as it looks being built into a side trend... a real diamond has to be a "stand alone" pattern formed at the very top or very bottom of the previous strong trend... continuation diamonds are formed in the middle of such a trend... therefore the projection for the small diamond on the usdx is its measured objective target at about 98.65 level..
Could you please share your opinion if this potential formation has trending formation or side, in case we consider that it does not escaped from March range.
In addition we have Daily EURGBP diamond formation. I do understand that it will be reversal breakout, considering nowadays EURUSD range, and what targets GBPUSD has on the downside.
Attached Image(s) (click to enlarge)
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  • #1,153,051
  • Apr 2, 2019 8:46am Apr 2, 2019 8:46am
The M formation and accumulation on CADJPY H1 TF looks like a good sell opportunity. Buy opportunity on EURCHF H1 TF, price accumulating.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 52 KB
Click to Enlarge Name: EURCHFH1.png Size: 49 KB
  • #1,153,052
  • Apr 2, 2019 9:49am Apr 2, 2019 9:49am
Quoting Ridmantas
{quote} Concept of bias long or short is very clear of your descriptions here and at your thread. This entry determination seems like additional confirmation to take longs on EU in a future. What I am missing is entry point on Daily/ weekly formations like diamonds where STOP loss and calculated entry point would be lets say size of the weekly range. It might be not necessary to place such a large stop if ID, IW template or any other small formation confirms reverse at large Diamond formation, therefore stop loss would be placed in an appropriate...
nothing special about it... same as usual... longer-term trade can be entered on some intraday signal as well.... but in or case we can take longs on eur/usd when usdx hits close to its previous top of 2017 around 103.80 with stops above......
  • #1,153,053
  • Apr 2, 2019 9:51am Apr 2, 2019 9:51am
Quoting Ridmantas
{quote} Could you please share your opinion if this potential formation has trending formation or side, in case we consider that it does not escaped from March range. In addition we have Daily EURGBP diamond formation. I do understand that it will be reversal breakout, considering nowadays EURUSD range, and what targets GBPUSD has on the downside. {image} {image} {image}
eur/gbp seems legit to me.... the rest is not...
Attached Image (click to enlarge)
Click to Enlarge Name: 11.png Size: 64 KB
  • #1,153,054
  • Apr 2, 2019 10:01am Apr 2, 2019 10:01am
Closed my EURCHF buy position, small loss. Keeping my CADJPY open for sell and adding more. Great opportunity to sell on CADJPY. There was a great opportunity to buy EURCHF, but because of brexit, EUR is still going down.
  • #1,153,055
  • Edited 10:19am Apr 2, 2019 10:09am | Edited 10:19am
Running extreme, good, over 1276 though. So now long accumulation test all below 1193 to wait. Now may be signal 1294,confirmation 1213 enough for good bounce signal.can test 1276.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,153,056
  • Apr 2, 2019 10:13am Apr 2, 2019 10:13am
Quoting Techanalyst
Closed my EURCHF buy position, small loss. Keeping my CADJPY open for sell and adding more. Great opportunity to sell on CADJPY. There was a great opportunity to buy EURCHF, but because of brexit, EUR is still going down.
I'm also in this trade (CADJPY) I will try to snowball this without risking too much. What is your TP looking like for this trade?

Thanks you're a beast!
It's always part of a bigger plan
  • #1,153,057
  • Apr 2, 2019 10:30am Apr 2, 2019 10:30am
Eu h1
Attached Image (click to enlarge)
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yes yes yes
  • #1,153,058
  • Apr 2, 2019 10:34am Apr 2, 2019 10:34am
Quoting Mickster
{quote} I'm also in this trade (CADJPY) I will try to snowball this without risking too much. What is your TP looking like for this trade? Thanks you're a beast!
It's 82.500 TP.
  • #1,153,059
  • Apr 2, 2019 10:58am Apr 2, 2019 10:58am
Quoting Techanalyst
{quote} It's 82.500 TP.
I am heading 81. already in since 83.586
-._.-
  • #1,153,060
  • Apr 2, 2019 11:05am Apr 2, 2019 11:05am
Quoting Amir_Forex
Fiber Update {image} {image} {image}

Gone Long For 3400 Points

Patterns have an underlying mathematical structure.
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