. So, wherever the price is around I go through the history and plot the major resistance areas 
Hi Dire, thanks for your analisys, it makes sense to me especially your first movement to watch. could you tell me where does the lower support line come from(gray dashed line)? is it drawn from dec12-14 support area? i noticed how it coincides with tamkras's #23 line which i also would like to know haw that comes from. Also you describe a 123 candle pattern, is that where it go from support to res then back down to supprt? Thank you and may many pips be in our acounts this week.
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.
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
master phil,what do u mean by monthly high? is it gonna go down or up? care to share your analysis? thanks...
I would also agree, the "likely" move is down past the horizontal trend line (after an upward movement as stated earlier) as I also look for descending triangles to break down... but always have a contingency plan of course... 
Bullish, No, at least not very long. I believe the trade here is when it retraces back North to the trend line and either turns or bounces and I think that will happen. I want to see it bounce and go short as the triangle shows and correct me if I am wrong: Descending triangles usually go out the bottom and ascending triangles usually go out the top. Pleas don't be afraid to criticise me as I consider it a tool and would not think anything less of anyone trying to help me. Always possible to break long though.
Be back on later and thanks for the help,
Jim
Fxhermit (are you really a hermit? I can advise you of some great dancing clubs in Toronto area),
Sorry for my late response. I like to close the books when the dust has settled and I am on my way to a dancing club this Saturday. I do not think any methodology can substitute your disciplined passion for trading. Any single bar or candle is potent of conflicting scenarios in relation to the overall market universe. It much depends on what type of trading scenario you put forward - 5min strategy, 4HR, daily or weekly. Once you set your boundaries and a plan, let the market do the rest for you. 4HR strategy requires more patience, so does a daily play, etc. We, the small players or fleas on the elephant, can not afford big timeframes as opposed to banks. So I think 4HR is just the median between scalping (5min, 15min) techniques and long range. It looks to be ideal for thoughtful and disciplined traders - I certainly agree with this point.
I just hope you might have turned your two pips worth into something bigger as the elephant rode me quite afar. Yours, T.
). Do I also look at longer term time frames (daily, weekly, monthly)? You bet I do! Here is where the Elephant often defines it's intended path within support/resistance and price pivots. These longer term time frames carry a lot of importance Identifying turning points and breakouts here can often make for a nice "heads up" for the 4 hour trading window. So now those big time frames suddenly become affordable for this little flea.Nice! Did you all see the trend continuation signal given on the 1 hour that negated the RB? On my charts the signal was given a few hours back w/a bounce between 21 and 8. Wish I had been able to access market then. Oh well!
) . .
