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515 Eurofighter System

  • #281
  • Jul 28, 2009 9:57am Jul 28, 2009 9:57am
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.
See ellipse.

Temporary Sup TL (see arrow), PW1.4190 and 200SMA are all fail to support the price from falling. The trend downtrending too fast for us to do the CT trade. However, its look like a little calm for mr.bear right now.

We are goins south for now. Favour for SHORT only.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 51 KB
  • #282
  • Jul 28, 2009 10:01am Jul 28, 2009 10:01am
A little update from my Daily TL. Attached herewith is the latest template.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 48 KB
Attached File(s)
File Type: tpl 515eurofightersystem.tpl   24 KB | 206 downloads
  • #283
  • Jul 28, 2009 10:15am Jul 28, 2009 10:15am
Rectangular: Price pattern is potentially forming the 3 OUTSIDE DOWN formation (highly reliable bearish reversal signal).

The price has higher chances to revisit 89SMA, PW 1.4110 and lower Channel for the next support levels.

Hope this helps. Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 52 KB
  • #284
  • Jul 28, 2009 10:13pm Jul 28, 2009 10:13pm
Hello all...

Bearish sentiment was very strong yesterday. Let us see how the market going to do for today:-

D1
Even though the uptrending market is now shaken, the price still have support from 21EMA and lower Channel. However, the stochastic and momentum are sliding down right now. Bear is now in command.

H4
I made a temporary Sup TL (see arrow) as the price make some rebounce here. Loads of resistance from above (8EMA, 21EMA and 50SMA).

H1
See ellipse. It is very rare to see the price react to the 365EMA but it did happen yesterday. This is where the price rebounce after a nose diving market yesterday. Looks like it is resisted @ PW 1.4190 and 200SMA so far.

We are bias to the downside today. I'm considering the D1 stochastic as the dominant factor. 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
  • #285
  • Jul 28, 2009 10:39pm Jul 28, 2009 10:39pm
Hi Orange,

I'm new here ( in yr thread ) just found your thread very good analysis and congrats.

I have one question about EU. What is your target for today? can this pair S3 seems looks very bearish.

Best regards

Quoting orangeRANGE
Hello all...

Bearish sentiment was very strong yesterday. Let us see how the market going to do for today:-

D1
Even though the uptrending market is now shaken, the price still have support from 21EMA and lower Channel. However, the stochastic and momentum are sliding down right now. Bear is now in command.

H4
I made a temporary Sup TL (see arrow) as the...
  • #286
  • Edited 8:31am Jul 29, 2009 7:31am | Edited 8:31am
Quoting newkidfx
Hi Orange,

I'm new here ( in yr thread ) just found your thread very good analysis and congrats.

I have one question about EU. What is your target for today? can this pair S3 seems looks very bearish.

Best regards
Hello newkidfx,

Thanks for the compliments and sorry for the late reply. I was busy with my work today.

Back to your question. I don't really have any specific target every single day trading. As you can see, this system is very much the same as a scalping method. I'm just riding the price rhythm and wave, up and down.

As long I can get at least 80pips per day, that's enough. That is my target.

Well...maybe we can see the price touching PW 1.4030 tomorrow. It is around 50SMA in D1. As per this TF's stochastic and momentum, the bearish sentiment is definitely taking control the market right now.

Hope this helps. I'm looking forward for more of yours and the others posting here in this thread.

Feel free to comment/ask anything here.

All the best...!!!
  • #287
  • Edited 9:47am Jul 29, 2009 9:24am | Edited 9:47am
Quoting orangeRANGE
Hello all...
Bearish sentiment was very strong yesterday. Let us see how the market going to do for today:-
H4
I made a temporary Sup TL (see arrow) as the price make some rebounce here. Loads of resistance from above (8EMA, 21EMA and 50SMA).
We are bias to the downside today. I'm considering the D1 stochastic as the dominant factor. Hope this helps.
Hello again...

It seems the lower Channel has been violated now and the 89SMA also fail to support the price from going down. So here we are now:-

H4
Stochastic already @ SWING LOW level as the momentum is likely to settle down for the moment. If these two indys can push up the price higher, the price might rebounce and pull back to the nearest MA (8EMA) before the it making the TC downside pattern.

H1
Both stochastic and momentum also already showing that the downtrend market has calm a little bit for now. Will look @ 8EMA or 365EMA for the next SWING HIGH level.

We are still bias to the downside. Next level to watch is PW 1.4030 and 200SMA.

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
  • #288
  • Jul 29, 2009 9:40am Jul 29, 2009 9:40am
Watch the ellipse area now. PW 1.4030 and 200SMA are in the way.

Goodluck...!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 51 KB
  • #289
  • Jul 29, 2009 10:01pm Jul 29, 2009 10:01pm
newkidfx,

how old r u? where do you come from?
  • #290
  • Jul 29, 2009 10:24pm Jul 29, 2009 10:24pm
Hi Orange thanks for your reply. Seems yr prediction is correct to 1.4030 area. I'm looking forward to learn yr system start frm today well maybe it could take sometimes to master it. Currently i already download your new template and other indi.

During learing process I have to look back from your 1st page of thread to get know better yr system . Meanwhile if you have all the system method documented word / excel file if you don't mind to upload here so that it easy for my quick study sorry if i ask too much.

Ok for today from my noobs analysis for EU base on my chart i'm looking forward EU if can break 1.4005 area because we have strong support there. If could break we can see more bearish to area 1.3942 - 1.3830 or to 61.8 monthly fibs at 1.3744. I could be wrong due to this is my first analysis on EU and EU is my new pair for trading.

Please give comment or advise because i'm here for learning. For new guest I reccomend this is the best thread for tf 5 and 15m. cheers!

Best regards and happy trading.
  • #291
  • Jul 29, 2009 10:30pm Jul 29, 2009 10:30pm
Quoting orangeRANGE
newkidfx,

how old r u? where do you come from?
Hi orange hmm my age is older than my nick name due to on my school time my favourite artist is new kids on the block NKOTB ok my age is 36 and i'm from Malaysia ( Johor Bahru ) and looking at yr profile you also from Malaysia from which area?
  • #292
  • Jul 29, 2009 10:32pm Jul 29, 2009 10:32pm
Quoting newkidfx
Hi Orange thanks for your reply. Seems yr prediction is correct to 1.4030 area. I'm looking forward to learn yr system start frm today well maybe it could take sometimes to master it. Currently i already download your new template and other indi.

During learing process I have to look back from your 1st page of thread to get know better yr system . Meanwhile if you have all the system method documented word / excel file if you don't mind to upload here so that it easy for my quick study sorry if i ask too much.

Ok for today from my noobs...
Great to see you back in here posting your view. Take your time to read and go thorugh all the lessons/examples here. That should be fine.

My next post would be today's overview. All the best to you...!!!
  • #293
  • Jul 29, 2009 10:32pm Jul 29, 2009 10:32pm
Quoting newkidfx
Hi orange hmm my age is older than my nick name due to on my school time my favourite artist is new kids on the block NKOTB ok my age is 36 and i'm from Malaysia ( Johor Bahru ) and looking at yr profile you also from Malaysia from which area?
I'm from kuching
  • #294
  • Jul 29, 2009 10:42pm Jul 29, 2009 10:42pm
Quoting orangeRANGE
I'm from kuching
Ok good to know we have a lot good trader in Malaysia. I'm not always online because on day time i'm working. Not yet fulltime trader but maybe one day after I get consistent daily income.. I'm working on it

Rgds.
  • #295
  • Jul 29, 2009 10:45pm Jul 29, 2009 10:45pm
Alright now...

I have identified the downtrend Channel now since the bearish sentiment has been taking control the market in the previous 2 days. Attached below is also the latest template.

Here we go:-

D1
We have fib 76.4% as a strong support for today. Be cautious as the stochastic @ SWING LOW level right now.

H4
Stochastic + momentum @ SWING LOW right now. Should them rebounce, they might lift up the price up at least PW 1.4110.

H1
We still can see that this pair really2 bias to the downside. Stochastic @ SWING HIGH and the price still unable to go above 21EMA.

The bear is roaring...the bull is sleeping...but maybe we will only see some little fluctuation in the market activity today.

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: 50 KB
Click to Enlarge Name: eu3.gif Size: 47 KB
Attached File(s)
File Type: tpl 515eurofightersystem.tpl   23 KB | 178 downloads
  • #296
  • Jul 29, 2009 10:47pm Jul 29, 2009 10:47pm
Quoting newkidfx
Ok good to know we have a lot good trader in Malaysia. I'm not always online because on day time i'm working. Not yet fulltime trader but maybe one day after I get consistent daily income.. I'm working on it

Rgds.
I'm looking forward to quit my job and doing this full time....
  • #297
  • Jul 29, 2009 10:55pm Jul 29, 2009 10:55pm
This should be the next level to watch later today....if the release of the unemployment claims data from US today is rising...

Always remember one thing...bad data from US will benefit the dollar...
  • #298
  • Jul 29, 2009 10:58pm Jul 29, 2009 10:58pm
Quoting orangeRANGE
I'm looking forward to quit my job and doing this full time....
good luck bro.
  • #299
  • Jul 29, 2009 10:58pm Jul 29, 2009 10:58pm
See rectangular.

Nice support from 50SMA here. We can see some rebounce from 5m TF now.
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 45 KB
  • #300
  • Jul 29, 2009 11:05pm Jul 29, 2009 11:05pm
Quoting newkidfx
good luck bro.
This is my number...feel free to ask anything....
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