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A,B,C,D - 1,2,3,4 System

  • #1,221
  • Dec 15, 2008 8:22am Dec 15, 2008 8:22am
haha, I am not pip drunk, but honestly glad that most of my trades are working out well =D. Surely, anyone that has been followng our discussion over the last week could only benefit and witness the good of this trading method.

I am still waiting for the USDCHF trade to run its course, that trade alone is enough for me to take one trade a week haha.

I ahve more interest in EURCAD at the moment. But it doesnt look like a good CF is coming up. Overall, the market movement is still not optimum in my opinion for getting setups, so we can be patient. Just waiting for the long term positions to ride out.

Good pipping everyone!
  • #1,222
  • Dec 15, 2008 10:33am Dec 15, 2008 10:33am
I think there will be a good opportunity to long GBPJPY. All keep your eyes on.........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj daily 081216.gif Size: 29 KB
Click to Enlarge Name: gj 1h 081216a.gif Size: 35 KB
Click to Enlarge Name: gj 1h 081216b.gif Size: 35 KB
  • #1,223
  • Dec 15, 2008 10:40am Dec 15, 2008 10:40am
EURGBP may still have long opportunity, but is getting more risky.
Attached Image (click to enlarge)
Click to Enlarge Name: egj 4h 081216.gif Size: 29 KB
  • #1,224
  • Dec 15, 2008 10:44am Dec 15, 2008 10:44am
See the price action on Fibo 61.8. Maybe have chance to short JPY.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy 4h 081216.gif Size: 34 KB
  • #1,225
  • Dec 15, 2008 10:49am Dec 15, 2008 10:49am
EURAUD most probrably will retrace at Fibo 38.2. This is also retest daily TL.
Attached Image (click to enlarge)
Click to Enlarge Name: ea 4h 081216.gif Size: 43 KB
  • #1,226
  • Dec 15, 2008 12:18pm Dec 15, 2008 12:18pm
Nice job,

Good work............. using fib to gauge price movement and extension is good and it becomes golden if u pick the right wave.

Nice one bro, I love it
  • #1,227
  • Dec 15, 2008 5:57pm Dec 15, 2008 5:57pm
Quoting Naijafx
Nice job,

Good work............. using fib to gauge price movement and extension is good and it becomes golden if u pick the right wave.

Nice one bro, I love it
Thanks Naijafx for your kind words!

Still need to improve, I think I predict too much, shouldn't be like that.
  • #1,228
  • Dec 15, 2008 6:15pm Dec 15, 2008 6:15pm
Quoting wltien
See the price action on Fibo 61.8. Maybe have chance to short JPY.
JPY is on then way, be patient, keep on waiting.........
Attached Image (click to enlarge)
Click to Enlarge Name: jpy 4h 081216b.gif Size: 31 KB
  • #1,229
  • Dec 15, 2008 6:18pm Dec 15, 2008 6:18pm
Quoting wltien
I think there will be a good opportunity to long GBPJPY. All keep your eyes on.........
GBPJPY seem like will retrace to 38.2 or 50.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 4h 081216.gif Size: 31 KB
  • #1,230
  • Dec 16, 2008 2:19am Dec 16, 2008 2:19am
Quoting wltien
GBPJPY seem like will retrace to 38.2 or 50.
GBPJPY rebounced at fibo 50.0, try to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 1h 081216c.gif Size: 20 KB
  • #1,231
  • Dec 16, 2008 3:54am Dec 16, 2008 3:54am
Quoting wltien
GBPJPY rebounced at fibo 50.0, try to enter.
Not getting a good CF to enter and moreso, there's a little down trend forming, so i see a little resistance up here.

I'll still be exercising patience here, price might drop below the 50% retrace.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 13 KB
God's Love For You Is Sure Never You Doubt It
  • #1,232
  • Dec 16, 2008 4:04am Dec 16, 2008 4:04am
Quoting D liberators
Not getting a good CF to enter and moreso, there's a little down trend forming, so i see a little resistance up here.

I'll still be exercising patience here, price might drop below the 50% retrace.
yeah, if break fibo 50, price will go as u stated.

Thanks. I forgot about the down TL.
  • #1,233
  • Dec 16, 2008 5:07am Dec 16, 2008 5:07am
Hi Everyone,

I believe current USDCHF chart is worth looking at. First chart is daily and second one is 4hr. Although inner trendline is broken downside, outer trendline connecting 7/15/2008 and 9/22/2008 lows is still very much valid, IMO. Fibo retracement is between 61.8 and 78.6 and EBl is a possibility, if price continues north (still an hour to current candle close) which will be our CF needed to open a long position.

Any comments?

Thanks for sharing this great strategy.

Regards
Attached Images
  • #1,234
  • Dec 16, 2008 5:28am Dec 16, 2008 5:28am
My first post in this thread. Thanks to Dliberator..
Here i attach my GU chart. The price stop at Daily pivot. I think the price will bounce here. If the line is break, i'm looking for 50 fibo.
Attached Image (click to enlarge)
Click to Enlarge Name: gunow1.gif Size: 19 KB
  • #1,235
  • Dec 16, 2008 7:51am Dec 16, 2008 7:51am
Quoting Blackeagle
Hi Everyone,

I believe current USDCHF chart is worth looking at. First chart is daily and second one is 4hr. Although inner trendline is broken downside, outer trendline connecting 7/15/2008 and 9/22/2008 lows is still very much valid, IMO. Fibo retracement is between 61.8 and 78.6 and EBl is a possibility, if price continues north (still an hour to current candle close) which will be our CF needed to open a long position.

Any comments?

Thanks for sharing this great strategy.

Regards
Hey, welcome to the thread and have a look at the weekly charts and you should have a different opinion.
  • #1,236
  • Dec 16, 2008 7:55am Dec 16, 2008 7:55am
Quoting D liberators
Not getting a good CF to enter and moreso, there's a little down trend forming, so i see a little resistance up here.

I'll still be exercising patience here, price might drop below the 50% retrace.
Still bearish IMO. Just let the market run its course.
  • #1,237
  • Dec 16, 2008 7:57am Dec 16, 2008 7:57am
Quoting Mr.Sabah
My first post in this thread. Thanks to Dliberator..
Here i attach my GU chart. The price stop at Daily pivot. I think the price will bounce here. If the line is break, i'm looking for 50 fibo.
Pair is in a downtrend and has just broken the inner trendline recently, instead of buying on a countertrend, my preference is to wait for the price to go to the outer trendline for a sell. That is of course, my personal opinion for high probability trades.
  • #1,238
  • Dec 16, 2008 7:58am Dec 16, 2008 7:58am
Quoting Blackeagle
Hi Everyone,

I believe current USDCHF chart is worth looking at. First chart is daily and second one is 4hr. Although inner trendline is broken downside, outer trendline connecting 7/15/2008 and 9/22/2008 lows is still very much valid, IMO. Fibo retracement is between 61.8 and 78.6 and EBl is a possibility, if price continues north (still an hour to current candle close) which will be our CF needed to open a long position.

Any comments?

Thanks for sharing this great strategy.

Regards
This is how it looks on mine.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 14 KB
  • #1,239
  • Dec 16, 2008 7:59am Dec 16, 2008 7:59am
Now i believe combination with TL and fibo..
Attached Image (click to enlarge)
Click to Enlarge Name: gunow1.gif Size: 18 KB
  • #1,240
  • Dec 16, 2008 8:24am Dec 16, 2008 8:24am
Hi Sabah,

Welcome to the thread brother.. It's nice to see you pulling up your chart here. But IMO, i'm a little having difficulty analysing your chart due to so many things appeared on your chart. IMO, what we need here is price action on trendline and fibo level. I myself dont play with pivot level, but it's up to you if you feel comfortable with it.

About GU, right now i dont have any preference for this pair. I'd rather wait for some times and let the market comes to us, not us chasing the market.

Anyhow, welcome here..

Happy pipping..

Hoedha
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