Dislikedthe 30 min chart is showing a formation of HS, to complete it has to go to 230.96, do you think if DOW Closes badly today...will it go there or bounce from the montly pivot of 232.80
thanks
imranIgnored
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Dislikedthe 30 min chart is showing a formation of HS, to complete it has to go to 230.96, do you think if DOW Closes badly today...will it go there or bounce from the montly pivot of 232.80
thanks
imranIgnored
DislikedThe Dow has hit a time-price point and from the looks of the cycles and patterns around it, should move to the north. I will be looking for the low 13800 area over the next several days.
Time- price points will give one of three outcomes: reversal, entry into consolidation, or rapid acceleration. Patterns and cycles leading into the time-price points are the clue to which of the three is more probable. This is not a recommendation to place a trade in any direction, but for educational purposes only.
Gbp/Jpy time price point is about an hour away, as a result, I am continuing to build a long position. Average entry is 233.17 as of this writing.Ignored
Disliked30 min macd is coming up off the bottom so our longs may be safe as long as we can stay above 233.70.Ignored
DislikedLately, I have tried to study the trendline breaks in correlation with number of pips movement. It is quite interesting as this can a promising trading strategy .. see chartIgnored
DislikedInterresting MKT. What have you noticed about it? Anything specific? Also, are there any special setting for the momentum indicator? I was always afraid to ask that question in the other room..lolIgnored
DislikedQuite a bit, the time frame can be scaled dowm to 30 min, 1 hr, and max 4 hr for intra-day trade. If the trendline breaks on 30 min, can expect a potential 60-70 pips move to direction of broken trendline, 1 hour around 70-120 pips. On 4 hour, is a bit tricky sometimes, if applied over-bought or oversold indicator like Stochastic, CCI is safer. If the price breaks upper trendline and the over bought indicator below the middle line (say 50), the movement to upward could be around 100-200 pips on this GBP/JPY.Ignored
DislikedQuite a bit, the time frame can be scaled dowm to 30 min, 1 hr, and max 4 hr for intra-day trade. If the trendline breaks on 30 min, can expect a potential 60-70 pips move to direction of broken trendline, 1 hour around 70-120 pips. On 4 hour, is a bit tricky sometimes, if applied over-bought or oversold indicator like Stochastic, CCI is safer. If the price breaks upper trendline and the over bought indicator below the middle line (say 50), the movement to upward could be around 100-200 pips on this GBP/JPY.Ignored
DislikedGood one, it has to close below or above it .. just breaking is not a confirmationIgnored
DislikedLately, I have tried to study the trendline breaks in correlation with number of pips movement. It is quite interesting as this can a promising trading strategy .. see chart
Momentum indicators is a secondary tool which sometimes is very helpful. It is a quarantee thing anyway. As you know from other thread (Auslanco) has extensively use it. I have gained some knowledge from him which I see as beneficial.Ignored
DislikedGot it. No guarantees in this forex world thats for sure.Yes, Aus has very good knowledge of the forex.Ignored
DislikedMomentum is a leading indicator, I use it and it works like a charm when you combine it with everything else.
235.50 will come soon.. go get dinner and have no worries chick.Ignored