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New Cable Thread & Other Pairs

  • #7,821
  • Jul 22, 2024 6:52am Jul 22, 2024 6:52am
something like this for smaller time frame cycles within larger time frame cycles
Attached Image (click to enlarge)
Click to Enlarge Name: Market Trends M15 H1 H4.png Size: 341 KB
  • #7,822
  • Jul 22, 2024 7:03am Jul 22, 2024 7:03am
Quoting axecap
looking for some more downward movement in EJ this week. already short and looking to add as we go. EJ H4 {image}
Looks like on the daily there has been a 10ema to 20 cross.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
  • #7,823
  • Jul 22, 2024 7:18am Jul 22, 2024 7:18am
Quoting ianlikesgolf
something like this for smaller time frame cycles within larger time frame cycles {image}
Then build a composite cycle index of all the cycles interacting:

SP500 - all valid WEEKLY cycles (RED line is the composite Index, BLUE is the actual weekly closing SP500)

Attached Image (click to enlarge)
Click to Enlarge Name: 1211.JPG Size: 64 KB

(The FLAT line is simply extending the date and last weekly closing price into the future to get a projected future date, but more importantly the direction of the comp cycle index etc)

Mostly its right, but it can be wrong, so you can't buy/sell blindly - or you can but that's gambling

*Edit - This screenshot was taken a month or so ago - we are now just past the peak of the RED line
  • #7,824
  • Jul 22, 2024 9:12am Jul 22, 2024 9:12am
Man this is kinda boring...
  • #7,825
  • Jul 22, 2024 9:38am Jul 22, 2024 9:38am
Gold
Pattern at good area of support and 2370 oversold level.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30.png Size: 9 KB
We watch the charts from every angle so you don't have to!!
  • #7,826
  • Jul 22, 2024 9:39am Jul 22, 2024 9:39am
Quoting pedro319
Gold Pattern at good area of support and 2370 oversold level. {image}
You said EU is continuation of down or a continuation up as we have thrust up 1 time already. Saw you post just didnt know which way you were thinking the continuation would be.
  • #7,827
  • Jul 22, 2024 9:41am Jul 22, 2024 9:41am
Quoting SmallGains
{quote} You said EU is continuation of down or a continuation up as we have thrust up 1 time already. Saw you post just didnt know which way you were thinking the continuation would be.
Thrust up on D1, continuation but first, this retracement on D1 is not finished. Follow the H&S.
We watch the charts from every angle so you don't have to!!
  • #7,828
  • Jul 22, 2024 9:46am Jul 22, 2024 9:46am
Quoting pedro319
Gold Pattern at good area of support and 2370 oversold level. {image}
I estimate the bottom of this swing at around 2355. There may be a small bounce before that. Hard to tell with Gold.
Observation is the path to discovery.
  • #7,829
  • Jul 22, 2024 9:47am Jul 22, 2024 9:47am
Quoting pedro319
{quote} Thrust up on D1, continuation but first, this retracement on D1 is not finished. Follow the H&S.
ok so up then maybe more down. not quite what I wanted to hear but oh well.
  • #7,830
  • Jul 22, 2024 9:57am Jul 22, 2024 9:57am
Quoting pedro319
{quote} Thrust up on D1, continuation but first, this retracement on D1 is not finished. Follow the H&S.
Hi trader friends,

Pedro do you refer on H1 HS? Because if yes there is a lot of space down. First at 2366 and then maybe 2313.
  • #7,831
  • Jul 22, 2024 10:03am Jul 22, 2024 10:03am
Quoting Alorente
{quote} I estimate the bottom of this swing at around 2355. There may be a small bounce before that. Hard to tell with Gold.
Alorente, thank you, your EMA10 idea working great. I didn't use it yet, but could help to be more patience to enter counter trend trade.
  • #7,832
  • Jul 22, 2024 10:07am Jul 22, 2024 10:07am
Quoting Mihisti
{quote} Hi trader friends, Pedro do you refer on H1 HS? Because if yes there is a lot of space down. First at 2366 and then maybe 2313.
2313 is not happening, 2366 is possible.
When I say smaller I refer to intraday, H4, H1
We watch the charts from every angle so you don't have to!!
  • #7,833
  • Jul 22, 2024 10:18am Jul 22, 2024 10:18am
Quoting Thtpro
{quote} Then build a composite cycle index of all the cycles interacting: SP500 - all valid WEEKLY cycles (RED line is the composite Index, BLUE is the actual weekly closing SP500) {image} (The FLAT line is simply extending the date and last weekly closing price into the future to get a projected future date, but more importantly the direction of the comp cycle index etc) Mostly its right, but it can be wrong, so you can't buy/sell blindly - or you can but that's gambling *Edit - This screenshot was taken a month or so ago - we are now just past...
thank you for your comment. very interesting, advanced.
Cycles is something I want to be able to understand more. apart from Hurst Im not sure what to study more.
To be able to identify clearly the main cycle in effect on weekly and H4
  • #7,834
  • Jul 22, 2024 10:18am Jul 22, 2024 10:18am
Gold
30 mins
Let's see if we get this:
Attached Image (click to enlarge)
Click to Enlarge Name: Morning star.png Size: 14 KB
We watch the charts from every angle so you don't have to!!
  • #7,835
  • Jul 22, 2024 10:22am Jul 22, 2024 10:22am
Quoting Mihisti
{quote} Alorente, thank you, your EMA10 idea working great. I didn't use it yet, but could help to be more patience to enter counter trend trade.
With regard to counter trend trades, it is simple. Stay away from them. They are not needed in order to make a steady profit and they can get you in a lot of trouble, especially with Gold.
Observation is the path to discovery.
  • #7,836
  • Jul 22, 2024 10:24am Jul 22, 2024 10:24am
Gold may now be on its way to the 2355 level. There we should get a healthy $30 to $40 bounce before we go down again. WeŽll see.
Observation is the path to discovery.
  • #7,837
  • Jul 22, 2024 10:30am Jul 22, 2024 10:30am
Quoting Alorente
Gold may now be on its way to the 2355 level. There we should get a healthy $30 to $40 bounce before we go down again. WeŽll see.
I am not taking this final leg down. I will wait for the subsequent $ 35 bounce and sell it again after the 10 EMA crosses down again.
Observation is the path to discovery.
  • #7,838
  • Jul 22, 2024 11:07am Jul 22, 2024 11:07am
EUR/USD experienced a bullish opening, rallying towards the 1.0902 resistance level before losing momentum and settling into a consolidation pattern in a relatively low-volatility Monday trading session.

Despite the current downtrend, a decisive break below the 1.0860 level would provide more confidence for sellers targeting a move towards 1.0800. On the other hand, the bulls need to defend the uptrend by pushing the pair above 1.0900, potentially targeting the 1.0920 or 1.0942 resistance levels.

With limited news on the calendar for Tuesday as well, we might still see increased price action as more market participants return to trading. Traders should be prepared for any unexpected developments and adjust their strategies accordingly, keeping a close eye on key support and resistance levels for potential trading opportunities.

See you tomorrow again, bye!
Looking for profitable short term trades ...|
  • #7,839
  • Jul 22, 2024 11:22am Jul 22, 2024 11:22am
This is just not worth it. I'm closing it down. Good luck to rest of you.
  • #7,840
  • Jul 22, 2024 11:24am Jul 22, 2024 11:24am
Quoting pedro319
Gold Pattern at good area of support and 2370 oversold level. {image}
on it from the lows
low risk
I only follow traders with IQ above 160
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