DislikedHi Palmer,
thanks for your answer.
I found it after going through the thread for a 2nd time.
Wow!!!! it is a looooong one!!!Ignored
- #2,226
- Mar 9, 2007 2:33pm Mar 9, 2007 2:33pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
How's everyone. I hope euro short-sellers had a good time and now they can leave the market for the weekend smiling. But when I looked at euro chart again I could not resist laughing out loud. I am sure you saw this chart 2-3 days ago with numbers 22,23 and support/resistance lines when the price bounced off 365SMA and was heading north. Please, have a look again. The selling frenzy drove the price right to the number 23 and bounced AS IF IT WAS THE SUPPORT. Unbelievable! Anyway, have a good weekend. Next week should be more indicative of the trend direction for the major pairs that we play on this forum - pound and euro. Pound seems to be stuck for a while, I believe it is being accumulated for short-term upside reversal but next week will show. Yours, T.
Let's go dancing.
Jim
Indicators show the past. Price Action "Indicates" the future.
- #2,228
- Mar 9, 2007 3:09pm Mar 9, 2007 3:09pm
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
- #2,230
- Edited 9:38pm Mar 9, 2007 6:11pm | Edited 9:38pm
I realize it's early, but after a poor end of the week, I'm ready to get this thing going again. This is my thinking on the eur/usd, and will do the same thing on the eur/jpy, and usd/jpy (although looks to be very similar). Some things we will have to see if they come to fruition of course. Its so nice when I can actually sit down and do this. 
First movement to watch:
-We are below 89 sma, so we are in a downtrend mood.
-Looking for a RB (already forming) coming off the lower TL shown.
-Current lower TL is supported by market rythm, and the current channel price is riding in.
-In the spirit of the rules, it should come up up to around the 21 ema, or the upper TL shown. The 21 ema (dashed yellow) may actually be at the upper TL shown by the time the move comes. It could of course come off the 8 ema too, but the previous action was at the 21 ema, so I will look for that for exit if I would trade this countertrend movement.
-Previous candle has very nice tail down.
-Tamkras is this a nested doll too?
-R:R may not be very good for this trade as it may take a candle or two to form. Each dotted horizontal line is 50 pips. We'll see.
Second movement to watch:
-Turn down at the upper TL (forming upper of current channel)or 21ema (again possibly the 8 ema) for a trnd continuation (high probability) move.
-Macd would show a zero bounce most likely.
-Turn down may also come at the mid channel TL that is well established in history. This would probably give way to the lower channel which would coincide with my market rhythm shown.
-A 1-2-3 candle pattern is also in effect, and will allow the upward movement in the first move discussed, before continuing down for around 75 pipsby that formations rule. This proved true on the 27th of Feb too as shown.
-down move will most likely face good resistane at the 1.3100 price level.
-Since tis would be TC, we can use the 1 hour to confirm.
-We have the 200 and 365 to contend with on this move for more resistance.
Would like comments on this please! Whenever anyone has a break this weekend of couse
So I submit this for your approval
First movement to watch:
-We are below 89 sma, so we are in a downtrend mood.
-Looking for a RB (already forming) coming off the lower TL shown.
-Current lower TL is supported by market rythm, and the current channel price is riding in.
-In the spirit of the rules, it should come up up to around the 21 ema, or the upper TL shown. The 21 ema (dashed yellow) may actually be at the upper TL shown by the time the move comes. It could of course come off the 8 ema too, but the previous action was at the 21 ema, so I will look for that for exit if I would trade this countertrend movement.
-Previous candle has very nice tail down.
-Tamkras is this a nested doll too?
-R:R may not be very good for this trade as it may take a candle or two to form. Each dotted horizontal line is 50 pips. We'll see.
Second movement to watch:
-Turn down at the upper TL (forming upper of current channel)or 21ema (again possibly the 8 ema) for a trnd continuation (high probability) move.
-Macd would show a zero bounce most likely.
-Turn down may also come at the mid channel TL that is well established in history. This would probably give way to the lower channel which would coincide with my market rhythm shown.
-A 1-2-3 candle pattern is also in effect, and will allow the upward movement in the first move discussed, before continuing down for around 75 pipsby that formations rule. This proved true on the 27th of Feb too as shown.
-down move will most likely face good resistane at the 1.3100 price level.
-Since tis would be TC, we can use the 1 hour to confirm.
-We have the 200 and 365 to contend with on this move for more resistance.
Would like comments on this please! Whenever anyone has a break this weekend of couse
So I submit this for your approval
DireXiv
Make it happen, no one
else is going to do it for you...
- #2,232
- Edited 6:00am Mar 10, 2007 4:17am | Edited 6:00am
- | Commercial User | Joined Nov 2006 | 2,223 Posts
- #2,233
- Mar 10, 2007 4:22am Mar 10, 2007 4:22am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
I have tested it. Looks OK.
Can someone test it also just to make sure it is OK. Otherwise I want to replace it.
Here is the original document in anycase.
Have a godd trading career.
Open fine for me, Phillip.
Since it's open I might as well read it again . .for the 100th time
.(Man, this is good stuff.)
Jim
Indicators show the past. Price Action "Indicates" the future.
- #2,234
- Mar 10, 2007 4:23am Mar 10, 2007 4:23am
- | Joined Feb 2007 | Status: Trader | 2,749 Posts
Willem
Forex recipe for success = Patience, discipline & hard work.
- #2,237
- Mar 10, 2007 6:03am Mar 10, 2007 6:03am
I realize it's early, but after a poor end of the week, I'm ready to get this thing going again. This is my thinking on the eur/usd, and will do the same thing on the eur/jpy, and usd/jpy (although looks to be very similar). Some things we will have to see if they come to fruition of course. Its so nice when I can actually sit down and do this.
First movement to watch:
-We are below 89 sma, so we are in a downtrend mood.
-Looking for a RB (already forming) coming off the lower TL shown.
-Current lower TL is supported by market rythm, and the current channel price is riding in.
-In the spirit of the rules, it should come up up to around the 21 ema, or the upper TL shown. The 21 ema (dashed yellow) may actually be at the upper TL shown by the time the move comes. It could of course come off the 8 ema too, but the previous action was at the 21 ema, so I will look for that for exit if I would trade this countertrend movement.
-Previous candle has very nice tail down.
-Tamkras is this a nested doll too?
-R:R may not be very good for this trade as it may take a candle or two to form. Each dotted horizontal line is 50 pips. We'll see.
Second movement to watch:
-Turn down at the upper TL (forming upper of current channel)or 21ema (again possibly the 8 ema) for a trnd continuation (high probability) move.
-Macd would show a zero bounce most likely.
-Turn down may also come at the mid channel TL that is well established in history. This would probably give way to the lower channel which would coincide with my market rhythm shown.
-A 1-2-3 candle pattern is also in effect, and will allow the upward movement in the first move discussed, before continuing down for around 75 pipsby that formations rule. This proved true on the 27th of Feb too as shown.
-down move will most likely face good resistane at the 1.3100 price level.
-Since tis would be TC, we can use the 1 hour to confirm.
-We have the 200 and 365 to contend with on this move for more resistance.
Would like comments on this please! Whenever anyone has a break this weekend of couse
So I submit this for your approval
- #2,238
- Edited 8:24am Mar 10, 2007 6:19am | Edited 8:24am
- | Commercial User | Joined Nov 2006 | 2,223 Posts
- #2,239
- Mar 10, 2007 6:26am Mar 10, 2007 6:26am
- | Commercial User | Joined Nov 2006 | 2,223 Posts
I realize it's early, but after a poor end of the week, I'm ready to get this thing going again. This is my thinking on the eur/usd, and will do the same thing on the eur/jpy, and usd/jpy (although looks to be very similar). Some things we will have to see if they come to fruition of course. Its so nice when I can actually sit down and do this.
First movement to watch:
-We are below 89 sma, so we are in a downtrend mood.
-Looking for a RB (already forming) coming off the lower TL shown.
-Current lower TL is supported by market rythm, and the current channel price is riding in.
-In the spirit of the rules, it should come up up to around the 21 ema, or the upper TL shown. The 21 ema (dashed yellow) may actually be at the upper TL shown by the time the move comes. It could of course come off the 8 ema too, but the previous action was at the 21 ema, so I will look for that for exit if I would trade this countertrend movement.
-Previous candle has very nice tail down.
-Tamkras is this a nested doll too?
-R:R may not be very good for this trade as it may take a candle or two to form. Each dotted horizontal line is 50 pips. We'll see.
Second movement to watch:
-Turn down at the upper TL (forming upper of current channel)or 21ema (again possibly the 8 ema) for a trnd continuation (high probability) move.
-Macd would show a zero bounce most likely.
-Turn down may also come at the mid channel TL that is well established in history. This would probably give way to the lower channel which would coincide with my market rhythm shown.
-A 1-2-3 candle pattern is also in effect, and will allow the upward movement in the first move discussed, before continuing down for around 75 pipsby that formations rule. This proved true on the 27th of Feb too as shown.
-down move will most likely face good resistane at the 1.3100 price level.
-Since tis would be TC, we can use the 1 hour to confirm.
-We have the 200 and 365 to contend with on this move for more resistance.
Would like comments on this please! Whenever anyone has a break this weekend of couse
So I submit this for your approval
Well done
That is exactly my analyses. I only read through yours after doing the Mp3 and PDF. Listen and see where I took it from. 1989.
Hard to believe that the rythm since 1989 is still in touch today. See for yourself.