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515 Eurofighter System

  • #361
  • Aug 5, 2009 9:29pm Aug 5, 2009 9:29pm
Hello all...

We are in the middle of "waiting" right now. As per D1, there are already two doji candles with the stochastic is now @ SWING HIGH position. In the nexyt few days, we might see a very strong bearish sentiment as per the signal given.

(However, it is not impossible if this situation could also become a temporary pause in the market before the next rally is coming. Only time can tell).

Nothing much to say in H4 and H1 as the price movement is very2 tight and only ranging between PW 1.4430 and 1.4350.

Technically, I am still very2 bias to the downside move now. Hope this helps.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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  • #362
  • Aug 6, 2009 12:03am Aug 6, 2009 12:03am
Signal for SHORT. We should be going down a little bit from here for now (See ellipse @ 15m)
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  • #363
  • Aug 6, 2009 1:14am Aug 6, 2009 1:14am
Quoting orangeRANGE
Signal for SHORT. We should be going down a little bit from here for now (See ellipse @ 15m)
I make a temporary mini TL (see arrow) for 15m and 5m viewing only. I anticipate that if the price break below this TL it should be a comfort zone to favour SHORT entry later on.

Time will tell.
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  • #364
  • Aug 6, 2009 8:08pm Aug 6, 2009 8:08pm
Quoting orangeRANGE
I make a temporary mini TL (see arrow) for 15m and 5m viewing only. I anticipate that if the price break below this TL it should be a comfort zone to favour SHORT entry later on.

Time will tell.
Ellipse:
As I anticipated yesterday, price need to break below this area for us to get comfort with our SHORT position.

Rectangular:
It is very nice to re-enter here as the price respecting the 50SMA at least for 4 bars (equal to 1hr) and make it TC to the downside.

Study this and hope this helps.
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  • #365
  • Aug 6, 2009 8:30pm Aug 6, 2009 8:30pm
Good day all...

We have some difficult time since few days ago. Let us see what can we see for today as the NFP data is also ahead:-

D1
From above, loads of pressure from Res TL and the stochastic is also already making its SWING HIGH. However, we still have some good support from fib 100%, 8EMA and Sup TL (see arrow) from below.

H4
Price has been constantly rejected by PW 1.4430 and eventually sitting somewhere nearby 21EMA for now. We need to see the price consistently below this MA before we can say that the bearish sentiment is start controlling the market.

H1
Price has been moving in this temporary Channel so far. If the stochastic become the dominant factor today, it should drag the price to the lower channel (and probably break below it) since it is making SWING HIGH position already.

But if the momentum is rising and start to catch up with the stochastic from above, it should lift the price a little higher soon.
-----------------------------------------------------------------------

Just let the market plays out today since it is NFP ahead of us. As per daily chart, I am still bias to the dowside move for now. Hope this helps.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
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  • #366
  • Aug 6, 2009 10:28pm Aug 6, 2009 10:28pm
This could be the early sign to the dowside move from 5m TF (but we are still yet to see some clear direction from 15m). See ellipse.

Price resisted @ 50SMA as the stochastic making SWING HIGH behaviour. Nice one...
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  • #367
  • Aug 6, 2009 10:35pm Aug 6, 2009 10:35pm
I made temporary mini TLs (see arrows) for 5m and 15m TF viewing only. Will use the mini breakout strategy (break above/below) since this system is about 5m and 15m strategy and rules.

Hope this helps.
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  • #368
  • Aug 6, 2009 10:44pm Aug 6, 2009 10:44pm
Ellipse: Will SHORT somewhere from here using 10p SL/TP strategy and rules.

Let's see how it goes...
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  • #369
  • Aug 7, 2009 1:24am Aug 7, 2009 1:24am
Quoting orangeRANGE
Ellipse: Will SHORT somewhere from here using 10p SL/TP strategy and rules.

Let's see how it goes...
As I anticipated earlier, I will SHORT if the price reach somewhere around the temporary resistance TL. See how the price respecting this line and pressuring the price to the downside (see ellipse)

Too bad, I went out for lunch when this happening....
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  • #370
  • Aug 7, 2009 1:38am Aug 7, 2009 1:38am
Quoting orangeRANGE
I made temporary mini TLs (see arrows) for 5m and 15m TF viewing only. Will use the mini breakout strategy (break above/below) since this system is about 5m and 15m strategy and rules.

Hope this helps.
Retangular: We still have support from fib 100%.

Ellipse: Weak support from this TL now.
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  • #371
  • Aug 7, 2009 1:52am Aug 7, 2009 1:52am
We are into the WAR ZONE now...see AQUAMARINE price action and area...!!!
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  • #372
  • Aug 7, 2009 2:20am Aug 7, 2009 2:20am
Quoting orangeRANGE
We are into the WAR ZONE now...see AQUAMARINE price action and area...!!!
Now it's ranging between these two temporary TLs (see arrows) now...
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  • #373
  • Aug 7, 2009 12:12pm Aug 7, 2009 12:12pm
Quoting orangeRANGE
Good day all...
We have some difficult time since few days ago. Let us see what can we see for today as the NFP data is also ahead:-
Just let the market plays out today since it is NFP ahead of us. As per daily chart, I am still bias to the dowside move for now. Hope this helps.
Hello again...

Looks like enough already for the bullish market:-

D1
We are now looking forward the support from lower Channel and 50SMA for next week's trading session.

H4
Rectangular: I am just predicting this area (somewhere nearby 200SMA and PW 1.4110) for a rebounce or at least a little pull back to 8EMA.

H1
Looks like the price will be hold up somewhere around PW 1.4190 until the end of today's trading session.
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The uptrending market is now losing its control and I think we are going to see the downtrending market soon. It is still too early to say this, but I am still favouring to the downside direction right now. Hope this helps.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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  • #374
  • Aug 9, 2009 10:44pm Aug 9, 2009 10:44pm
Hello...

Alright...we have seen the downtrending pattern is now begin to take control in the market. Let us see how will be the market sentiment for today:-

D1
Previous 2 bars closing below 21EMA showing that the bearish movement is in the way. Meanwhile stochastic is nose diving so deeply now. We still have support from 50SMA and lower Channel. Becarefull with the possiblity of rebounce that might happen at anytime soon.

H4
Stochastic+momentum are yet to make their SWING LOW and the price still resting @ PW 1.4190 at this moment. If they rebounce, the first resistance area that need to be watch is somewhere around 50SMA/89SMA. The next resistance area we should be watching is the 8EMA or PW 1.4270. For the support, it is obviously the 200SMA and PW 1.4110.

H1
Stochastic @ SWING HIGH as the price seems resisted @ 8EMA for now. However, the momentum is yet to push up the price higher. Not a very strong signal to the downside move. The temporary Sup TL (see arrow) is made here.

I am not bias to any direction right now. Will let the market adjusting itself for today and let it plays out. Probably just doing fine with the scalping method right now. Hope this helps.

Comments/questions are most welcome.

(Note: Also, attached herewith is my latest template)

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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Attached File(s)
File Type: tpl 515eurofightersystem.tpl   24 KB | 167 downloads
  • #375
  • Aug 10, 2009 7:51am Aug 10, 2009 7:51am
Hello again...

The US session is not open yet...but the bearish sentiment is still in the mood so far:-

H4
Still looking forward for 200SMA and lower Channel for some support tot the price.

H1
We still have temporary support @ 1.4153

Let's wait and see if we can get support from PW 1.4110 today. Hope this helps.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
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  • #376
  • Aug 10, 2009 10:18am Aug 10, 2009 10:18am
Nice SHORT signals based on 5m TF and stochastic behaviour. See ellipse.
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  • #377
  • Aug 10, 2009 10:22am Aug 10, 2009 10:22am
Quoting orangeRANGE

H4
Still looking forward for 200SMA and lower Channel for some support tot the price.
Let's wait and see if we can get support from PW 1.4110 today. Hope this helps.
Here we go now. Let us see if 200SMA and/or PW 1.4110 can hold the price from going down further...
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  • #378
  • Aug 10, 2009 11:10pm Aug 10, 2009 11:10pm
Alright...

This is the starter for today's view:-

D1
Price is now testing the lower Channel and 50SMA. Stochastic is seems to make its SWING LOW. Be ready for the rebounce that could happen at anytime soon.

H4
As per RSI, the market has went oversold yesterday. We can see the stochastic trying to lift up the price a little bit right now, and the momentum is yet to off the ground. 8EMA and PW 1.4190 is the immediate resistance for today.

H1
Nice support from PW 1.4110 so far. 8EMA and 21EMA are now began to move sideways. This could be a sign that the market might consolidate in a tight range until it get back to its normal rhythm (upside/downside).

I am on the sideline today. Just get the feeling that the market will make a little bounce today. Just wait and see. Hope this helps.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu3.gif Size: 44 KB
  • #379
  • Aug 11, 2009 4:32am Aug 11, 2009 4:32am
Quoting orangeRANGE
Alright...
I am on the sideline today. Just get the feeling that the market will make a little bounce today. Just wait and see. Hope this helps.
Euro session has created some movement in the market now. As predicted earlier, per H4 the price is now rebounce up to 8EMA area (and probably still can go up until 21EMA). Just look at the stochastic and momentum behaviour.

In H1, I just made a temporary Sup TL (see arrow) for lower TFs viewing only (H1-M15-M5). Hope this helps.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
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  • #380
  • Aug 11, 2009 5:13am Aug 11, 2009 5:13am
LONG signal @ here.

As per 15m, if the 50SMA couldn't support the price, the next level we should watch for entry is the temporary Sup TL as shown in arrow.

Hope this helps.

(Note: Do not overlook the H1 Price Action and signal as well...)
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