515 Eurofighter System | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The System Behind the System, by Merlin Jeffries 16 replies

Broker fined again - $515,000 23 replies

200 Ema system - help me build a system ! 19 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: 515 Eurofighter System
Exit Attachments

515 Eurofighter System

  • #261
  • Jul 24, 2009 12:59pm Jul 24, 2009 12:59pm
This is the H1-M15-M5 TF strategy example:-

Vertical line is where I expecting the price might retrace earlier and the ellipse area is where we should wait for the right entry. It is a doji (mean pausing) as the stochastic and momentum are at their SWING HIGH position already.

Using 20p SL/TP strategy is definitely safe and 20p profit is surely in hand.

Nice one...!!!!

Comments/questions are most welcome.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 49 KB
Click to Enlarge Name: eu2.gif Size: 43 KB
Click to Enlarge Name: eu3.gif Size: 44 KB
  • #262
  • Jul 24, 2009 1:10pm Jul 24, 2009 1:10pm
See ellipse and vertical line. And also relate it with the stochastic and momentum behaviour when the price reach this PW.

I will never missed a great signal such as this and I might let my position unlock to grab as many pips as I can from this move.

If the 20p SL/TP strategy and rules is used here, the 20p profit is already guaranteed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 43 KB
Click to Enlarge Name: eu3.gif Size: 46 KB
  • #263
  • Edited 10:19pm Jul 26, 2009 10:07pm | Edited 10:19pm
Hello all...

I'll make it very simple for today's view:-

D1
Uptrending is still in control. Just becarefull with the Res TL above it.

H4
Last week, we have been watching the market ranging very tightly around 160pips (between PW 1.4110 and PW 1.4270). 50SMA also supported the price very well during last week. If I'm right, we'll see the price testing the Res TL (see arrow) very hard once again...and probably will break above it too.

H1
Nice long tail spinner candle (see ellipse) against the PW 1.4190. This TF is another supportive analysis for the uptrending market. Immediate resistance @ PW 1.4270 for now.

I'm bias to the upside today.

Hope this helps. Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 48 KB
Click to Enlarge Name: eu2.gif Size: 52 KB
Click to Enlarge Name: eu3.gif Size: 49 KB
  • #264
  • Jul 26, 2009 10:27pm Jul 26, 2009 10:27pm
Very nice LONG signal (see vertical line) earlier today. Entry to be made after the signal using 5m TF.

The stochastic in both TF are in agreement...plus the momentum in 5m are @ its lowest. Very high probablity trade for this one...!!!

For this kind of signal, using the 20p SL/TP strategy and rules is surely a profitable trade.

Comments/questions are most welcome.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 43 KB
Click to Enlarge Name: eu3.gif Size: 41 KB
  • #265
  • Jul 27, 2009 8:05am Jul 27, 2009 8:05am
Quoting orangeRANGE
H4
Last week, we have been watching the market ranging very tightly around 160pips (between PW 1.4110 and PW 1.4270). 50SMA also supported the price very well during last week. If I'm right, we'll see the price testing the Res TL (see arrow) very hard once again...and probably will break above it too...I'm bias to the upside today.
H4
Price already break above Res TL (see ellipse) and PW 1.4270. Be cautious with this because it might be a false breakout as the stochastic is already @ SWING HIGH level.

H1
As per stochastic, price might retrace to at least 21EMA here before it will make the TC upside price pattern. This is another reason why the previous breakout as per H4 might be a false one.

We are still bias to the upside though. Hope this helps.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 51 KB
Click to Enlarge Name: eu2.gif Size: 49 KB
  • #266
  • Jul 27, 2009 8:16am Jul 27, 2009 8:16am
See vertical line for LONG signal.

Using 10p SL/TP strategy and rules, this one is guranteed for another easy 10p profit.

Study this...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 40 KB
  • #267
  • Jul 27, 2009 8:56am Jul 27, 2009 8:56am
See rectangular in H1. The recent candle will be closed in 10mins time. If the pattern in this box is going to be the 3 OUTSIDE DOWN PATTERN (highly reliable bearish reversal signal) when the recent candle is closed, I will be very2 doubtfull to consider the LONG SIGNAL in the 15m SWING LOW stochastic right now.

My point here is, the H1 and 15m are not in agreement. So, this is either you want to take the risk or give it a miss for this one. There is always another opportunity to come though...

Hope this helps. Comments/questions are most welcome.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 50 KB
Click to Enlarge Name: eu2.gif Size: 40 KB
  • #268
  • Jul 27, 2009 9:30am Jul 27, 2009 9:30am
Quoting orangeRANGE
See rectangular in H1. The recent candle will be closed in 10mins time. If the pattern in this box is going to be the 3 OUTSIDE DOWN PATTERN (highly reliable bearish reversal signal) when the recent candle is closed, I will be very2 doubtfull to consider the LONG SIGNAL in the 15m SWING LOW stochastic right now.

My point here is, the H1 and 15m are not in agreement. So, this is either you want to take the risk or give it a miss for this one. There is always another opportunity to come...
H1
Rectangular : 3 OUTSIDE DOWN PATTERN is confirmed.

M15
Ellipse : Don't get nailed with a sudden spike such as this PA. As I mentioned earlier, the signal here is doubtful (a.k.a. false signal)

Comments/questions are most welcome.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 50 KB
Click to Enlarge Name: eu2.gif Size: 40 KB
  • #269
  • Jul 27, 2009 9:35am Jul 27, 2009 9:35am
Ellipse:
Looking for a small CT (rebounce) somewhere here...50SMA/89SMA of H1.

Note: Stochastic+momentum already @ extremely SWING LOW level.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 40 KB
  • #270
  • Jul 27, 2009 9:52am Jul 27, 2009 9:52am
Quoting orangeRANGE
Ellipse:
Looking for a small CT (rebounce) somewhere here...50SMA/89SMA of H1.

Note: Stochastic+momentum already @ extremely SWING LOW level.

See ellipse and vertical line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
Click to Enlarge Name: eu2.gif Size: 28 KB
  • #271
  • Jul 27, 2009 10:09am Jul 27, 2009 10:09am
Quoting orangeRANGE
See ellipse and vertical line.
This LONG signal of rebounce can already give us 20p profit using the 20p SL/TP strategy and rules (based on agreement in both 5m and 15m signals).

A risky CT trade...but a very nice one...!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 41 KB
Click to Enlarge Name: eu2.gif Size: 42 KB
  • #272
  • Jul 27, 2009 10:19am Jul 27, 2009 10:19am
Quoting orangeRANGE
This LONG signal of rebounce can already give us 20p profit using the 20p SL/TP strategy and rules (based on agreement in both 5m and 15m signals).

A risky CT trade...but a very nice one...!!!
Rectangular: 3 INSIDE UP pattern is confirmed. A highly reliable bullish reversal signal. Price will probably touch to at least 21EMA.

This PA (price Action) is also supported by the stochastic+momentum @ SWING LOW.

Comments/questions are most welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 40 KB
  • #273
  • Jul 27, 2009 9:56pm Jul 27, 2009 9:56pm
Hello...

Let's do this as simple as we can:-

D1
The uptrending market is still in control, however it is yet to break above the Res TL since last week.

H4
Price moves in triangle area right now, between the Res TL (see arrow) and temporary Sup TL (see arrow). A spinner in a previous candle might be the sign for this pair go down a little lower today.

H1
See rectangular. After this PA is formed, the market has been moving sideways. 50SMA and 89SMA still support the price very well so far, but I don't think they can hold it today.

I am bias to the downside now. A possible breakout from the triangle might happen today.

Hope this helps. Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 48 KB
Click to Enlarge Name: eu2.gif Size: 51 KB
Click to Enlarge Name: eu3.gif Size: 51 KB
  • #274
  • Jul 27, 2009 10:09pm Jul 27, 2009 10:09pm
See ellipse. This one is for 10p SL/TP strategy and rules.
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 46 KB
  • #275
  • Jul 27, 2009 10:27pm Jul 27, 2009 10:27pm
Quoting orangeRANGE
See ellipse. This one is for 10p SL/TP strategy and rules.
The previous one is a false signal. See ellipse now.

If the momentum (yellow) catch up the stochastic...the right signal should be there...
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 45 KB
  • #276
  • Jul 27, 2009 10:42pm Jul 27, 2009 10:42pm
Quoting orangeRANGE
The previous one is a false signal. See ellipse now.

If the momentum (yellow) catch up the stochastic...the right signal should be there...
There we go now....
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 47 KB
  • #277
  • Jul 28, 2009 4:55am Jul 28, 2009 4:55am
Quoting orangeRANGE
I am bias to the downside now. A possible breakout from the triangle might happen today.
Alright...

The final hours of Asian session today has some strong bullish sentiment for this pair. The PW 1.4270 is no longer a strong resistance, but as an immediate support level now.

As per H4, I believe the previous Res TL is now become the Sup TL (see arrow) for the price.

In H1, the price might retrace to at least 21EMA before it making a TC upside price pattern.

Obviously, the bulls are controlling the market now. Hope this helps.

Comments/questions are most welcome.

(Note: Next level to watch now is PW 1.4350)

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 51 KB
Click to Enlarge Name: eu2.gif Size: 50 KB
  • #278
  • Edited 7:43am Jul 28, 2009 7:31am | Edited 7:43am
Quoting orangeRANGE
Obviously, the bulls are controlling the market now. Hope this helps.
This could be a very nice rebounce. Ready to buy here (see ellipse)...the recent H1 candle will be closed around 30mins from now. Stochastic @ extreme SWING LOW as the price find support @ 89SMA now.

Stochastic + momentum in 15m also @ extremely SWING LOW level right now.

Use 5m signal for a better entry. The 20p SL/TP strategy and rules should be applied here.

All the best...!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 50 KB
Click to Enlarge Name: eu2.gif Size: 45 KB
  • #279
  • Jul 28, 2009 8:47am Jul 28, 2009 8:47am
Quoting orangeRANGE
This could be a very nice rebounce. Ready to buy here (see ellipse)...the recent H1 candle will be closed around 30mins from now. Stochastic @ extreme SWING LOW as the price find support @ 89SMA now.

Stochastic + momentum in 15m also @ extremely SWING LOW level right now.

Use 5m signal for a better entry. The 20p SL/TP strategy and rules should be applied here.

All the best...!!!
Okay...LONG signal should be here then...for the small rebounce

The previous one is not the right signal as per H1 since the momentum still on the way down and pushing the price lower right now. So we are here @ 200SMA and PW 1.4190.

Loads of support here as the temporary Sup TL (see arrow) also in the way.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 51 KB
  • #280
  • Edited 9:21am Jul 28, 2009 8:55am | Edited 9:21am
Quoting orangeRANGE
Okay...LONG signal should be here then...for the small rebounce

The previous one is not the right signal as per H1 since the momentum still on the way down and pushing the price lower right now. So we are here @ 200SMA and PW 1.4190.

Loads of support here as the temporary Sup TL (see arrow) also in the way.
This is a CT trade...and...since the market turn down very fast...we could only expect the rebounce up to 10EMA as in 15m TF.

Comments/questions are most welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 42 KB
1 trader viewing now