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Law Of Chart

  • #141
  • Oct 22, 2009 3:50am Oct 22, 2009 3:50am
Quoting donfriday
if price could get to RH i will be selling gj from there...

i short like i said...
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MY OPINION NOT FINANCIAL ADVISE
  • #142
  • Edited 4:35am Oct 22, 2009 4:07am | Edited 4:35am
For the down trend to continue after 15tf-30 tf complet there 1-2-3H 1hr also need to do the same thing ..my first target is 149 last week friday high which is our current broken RH on daily chart.
MY OPINION NOT FINANCIAL ADVISE
  • #143
  • Oct 22, 2009 8:57pm Oct 22, 2009 8:57pm
UJ 1-2-3 H&L set up on daily TF
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  • #144
  • Oct 22, 2009 9:13pm Oct 22, 2009 9:13pm
Quoting my30marahaba
UJ 1-2-3 H&L set up on daily TF

your current RH is not valid until next week when market open for another daily Bar and if friday bar close below the high of thurday
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MY OPINION NOT FINANCIAL ADVISE
  • #145
  • Oct 22, 2009 9:22pm Oct 22, 2009 9:22pm
Quoting donfriday
your current RH is not valid until next week when market open for another daily Bar and if friday bar close below the high of thurday
hi don,

noted with thanks for your correction

cheer
  • #146
  • Oct 22, 2009 9:31pm Oct 22, 2009 9:31pm
EG daily and possible pull back next week if today refuse to make new low on wednesday bar...
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MY OPINION NOT FINANCIAL ADVISE
  • #147
  • Oct 22, 2009 9:47pm Oct 22, 2009 9:47pm
Gj is approaching a strong resistance 0f 153.21 so this could bring a possible pull back IMO.....gu forming 123h and will be selling if price break RH that tell the breakout is valid if we get below the current RH on 15tf
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MY OPINION NOT FINANCIAL ADVISE
  • #148
  • Oct 22, 2009 11:58pm Oct 22, 2009 11:58pm
Quoting donfriday
Gj is approaching a strong resistance 0f 153.21 so this could bring a possible pull back IMO.....gu forming 123h and will be selling if price break RH that tell the breakout is valid if we get below the current RH on 15tf
..This is why i said if the signal was valid..according to my sell limit it was a tick below the low on that Rh and spread added gu did not make it to that point it rather make another RH making double bottom and continue it up move till now....some signal can be invalid but this method Keep me away more time...
MY OPINION NOT FINANCIAL ADVISE
  • #149
  • Oct 23, 2009 1:23am Oct 23, 2009 1:23am
waiting for breakout.....
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MY OPINION NOT FINANCIAL ADVISE
  • #150
  • Oct 23, 2009 4:06am Oct 23, 2009 4:06am
Quoting my30marahaba
hi pete thks,
actually the 1-2-3 H method is the great method this is part of TLOC (the law of chart), entry point we are using TTE (Trader Trick Entry) for the detail of it try to read the trading by the book presented by Mr Joe Ross
Summary of TLOC
1. Break out of 1-2-3 H
2. Break out of Ledge (consolidation area)
3. Break out of Trading range (consolidation area)
4. Break out of Rh
Here my strategy of my template
I'm using 3 LWMA's - 20 LWMA primary trend line , 45 LWMA or 55 LWMA secondary trend line, 135 LWMA Major trend line.
to supported...
Thanks my30marahaba

Cheers
  • #151
  • Oct 23, 2009 4:21am Oct 23, 2009 4:21am
this short did not signal on any tf than 5min, news crash gj not even a signal RH form but it look forming now for a pull back...
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MY OPINION NOT FINANCIAL ADVISE
  • #152
  • Oct 23, 2009 6:13am Oct 23, 2009 6:13am
Quoting donfriday
this short did not signal on any tf than 5min, news crash gj not even a signal RH form but it look forming now for a pull back...

I got in late but nice trade ....
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  • #153
  • Oct 23, 2009 10:12am Oct 23, 2009 10:12am
waiting for clear direction to pick new entry on geppy...indecision on 15tf till we make a new low or TTE point the bars below green point 3
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  • #154
  • Oct 23, 2009 11:28am Oct 23, 2009 11:28am
stuck in a range GU and GJ...calling it a week till we meet next week ..c ya and have lovely weekend....
MY OPINION NOT FINANCIAL ADVISE
  • #155
  • Oct 24, 2009 1:49am Oct 24, 2009 1:49am
EU will be much more fun to trade for next week from what i see right here .....
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  • #156
  • Oct 24, 2009 2:17am Oct 24, 2009 2:17am
the trend on 1hr chart here still on the down side cus we have not form complet 1-2-3L the current 1-2-3H we have for the downtrend found a strong support down there with a double bottom as you can see i note double RH RH there...we can also say the low of the last 3 bars is point 1 point since we dont know what next market will be like we need not to observe on it than to old previous short position and wait for more confirmation...
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MY OPINION NOT FINANCIAL ADVISE
  • #157
  • Oct 24, 2009 11:10pm Oct 24, 2009 11:10pm
as we can see here 15tf is on a range before market close and when it open it might be a Gap down if the down trend should continue cus we Keep making lower lower start from the 1st RH after complet 1-2-3H, each bar was making a lower lows but trend could not continue so this is more a range ..a break of this 3 RH form tripple bottom will surely give us another RH after the breakout to test it low and re-defines a new downward movement..
Daily GJ scenario was more perfect cus it show a strong RH that price could not break ..
All eyes will be on GJ for me this week cus it's more trending lately and easy to grap pips due to is volatility..
Cheers Don
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  • #158
  • Oct 25, 2009 6:23am Oct 25, 2009 6:23am
This thread is very interesting donfriday
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  • #159
  • Edited 6:59am Oct 25, 2009 6:46am | Edited 6:59am
views on gj weekly , yes i dont need to use this method for weekly check but sometime i like to hold my position until trailing stop be out, but the scenario on GJ weekly as not confirm any bullish yet cus the current weekly candle that will close tonight did not make a higher high above point 3 and our 1-2-3H is still a valid cus we just had a RH at 139 and strong pull back...this is why i will focus much more on GJ this week...this week candle that will open tonight need not to make a new high if 153.21 should hold it to go down cus we need RH on daily chart so my eyes will be much more on it cus i am seeing a better chance and trending in GJ bigger picture..
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  • #160
  • Oct 25, 2009 6:47am Oct 25, 2009 6:47am
Quoting Thierry89
This thread is very interesting donfriday

you are much welcome and thx for the chart it look nice ..
cheers Don
MY OPINION NOT FINANCIAL ADVISE
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