Dislikedthat is very interesting! thanks for sharing your knowledge.
how do you define the range in a situation like this? the high and the low of the day? since the london open? ny open?Ignored
--NM
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Dislikedthat is very interesting! thanks for sharing your knowledge.
how do you define the range in a situation like this? the high and the low of the day? since the london open? ny open?Ignored
Dislikedcheck out this longer term bearish AB=CD
i duplicated AB and dragged it to project it from b. i made it dashed.
i fibbed AB, to see if C was closer to 78 or 61 to determine what the BC projection would be.
fib for the BC projection, make the 127 the only non-hidden level (we chose 127 because the AB retrace (at pint c) was 78)
these line up harmonically with the down trend line from december
edit:
the pink line drawn from B to C was drawn sloppily...the retrace and projection were aligned with price not the trend line. this means that...Ignored
DislikedThe EURAUD is slowly creeping downward even after that big move. It might be slow but its still sinking.
--NMIgnored
DislikedI am looking for a short at the 50% fib at 1.48. Cause that downtrend won't be broken for a while (hopefully)Ignored
DislikedOn a different note, as most of you know I am thinking about how to exploit a trend like the eur/aud even better than I already do.
Now I have two different concepts in mind for a downtrend like the one happening on eur/aud.
1. Removing my targets and adding on each retracement. And just close out all positions once price breaches a high (in a downtrend).
2. taking profit at predetermined targets as usual (last swing low and extension of swing). But when price retraces back up, I would not only enter a new position but also with the previously...Ignored
DislikedHmmm looks like most of the yen crosses need to be watched...
--NMIgnored
DislikedOn a different note, as most of you know I am thinking about how to exploit a trend like the eur/aud even better than I already do.
Now I have two different concepts in mind for a downtrend like the one happening on eur/aud.
1. Removing my targets and adding on each retracement. And just close out all positions once price breaches a high (in a downtrend).
2. taking profit at predetermined targets as usual (last swing low and extension of swing). But when price retraces back up, I would not only enter a new position but also with the previously...Ignored
DislikedHmmm looks like most of the yen crosses need to be watched...
--NMIgnored
DislikedOn a different note, as most of you know I am thinking about how to exploit a trend like the eur/aud even better than I already do.
Now I have two different concepts in mind for a downtrend like the one happening on eur/aud.
1. Removing my targets and adding on each retracement. And just close out all positions once price breaches a high (in a downtrend).
2. taking profit at predetermined targets as usual (last swing low and extension of swing). But when price retraces back up, I would not only enter a new position but also with the previously...Ignored