Hero Traders Live to see their Accounts Die!
- #665
- Edited Sep 4, 2010 2:36am Sep 3, 2010 11:54pm | Edited Sep 4, 2010 2:36am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
Weekly Candle
This week, Price drop to 5300 level after failed to break resistant at 5600 ish and anticipated support at 5470-5430 could not support this bear. At the end, price is closed below prev week’s low.
*** Price is rejected by 5326 where is 50 s1 fibo ( High : top of January-april and low : bottom of april-june) and failed to meet 50 year fibo ( High : top of 2009 and low : bottom of 2009 ). 5326 could be identified as 61 correction fibo ( high : top of august and bottom : april – june 2010 )
=> there is bear but it’s weakening. If it’s true, we need strong momentum to break top of april-june for further bull ( 70-80 pips more to top of april-june from weekend closing) . But if not, she need strong momentum to break 50 - s1 fibo also for further bear ( around 120 pips more to break 50 - s1 fibo from weekend closing ) . 70-80 pips VS 120 pips … which is the easiest way to go ?
Daily Candle
I was trying to draw monthly fibo ( High : top of august and Low : bottom of august ) and 200 ema. Daily candle is closed right at 19.1 fibo and above 200 ema. Prev 3 daily candle show me that there is a support. How strong ? I don’t know exactly.
=> if there is a bull, we will face strong resistant around 5600-5700 zone. Break this level, we could fly to 5735 or 5800-5850 for another resistant area before further bull
If not, we have to break bottom of august first to meet 50 Year fibo ( 5250-5280 area ) or even 5150-5200 zone
4H Candle
Based on weekly fibo ( top of the week and bottom of the week ), we close right at 50 weekly. And based on daily fibo ( top of the day and bottom of the day ), we close at 80 daily. We look so bullish. Once 547x broken, we could go to 5500-5530. as long as 5500 provide strong support we will see further bullish in next .If not we could go down, in this case - if the pa break 537x… we will see further bearish.
Happy trading all. Have a nice weekend
And Happy Eid Mubarak.....
Rgds,Iqyu
http://www.forexfactory.com/showpost...&postcount=639
This week, Price drop to 5300 level after failed to break resistant at 5600 ish and anticipated support at 5470-5430 could not support this bear. At the end, price is closed below prev week’s low.
*** Price is rejected by 5326 where is 50 s1 fibo ( High : top of January-april and low : bottom of april-june) and failed to meet 50 year fibo ( High : top of 2009 and low : bottom of 2009 ). 5326 could be identified as 61 correction fibo ( high : top of august and bottom : april – june 2010 )
=> there is bear but it’s weakening. If it’s true, we need strong momentum to break top of april-june for further bull ( 70-80 pips more to top of april-june from weekend closing) . But if not, she need strong momentum to break 50 - s1 fibo also for further bear ( around 120 pips more to break 50 - s1 fibo from weekend closing ) . 70-80 pips VS 120 pips … which is the easiest way to go ?
Daily Candle
I was trying to draw monthly fibo ( High : top of august and Low : bottom of august ) and 200 ema. Daily candle is closed right at 19.1 fibo and above 200 ema. Prev 3 daily candle show me that there is a support. How strong ? I don’t know exactly.
=> if there is a bull, we will face strong resistant around 5600-5700 zone. Break this level, we could fly to 5735 or 5800-5850 for another resistant area before further bull
If not, we have to break bottom of august first to meet 50 Year fibo ( 5250-5280 area ) or even 5150-5200 zone
4H Candle
Based on weekly fibo ( top of the week and bottom of the week ), we close right at 50 weekly. And based on daily fibo ( top of the day and bottom of the day ), we close at 80 daily. We look so bullish. Once 547x broken, we could go to 5500-5530. as long as 5500 provide strong support we will see further bullish in next .If not we could go down, in this case - if the pa break 537x… we will see further bearish.
Happy trading all. Have a nice weekend
And Happy Eid Mubarak.....
Rgds,Iqyu
http://www.forexfactory.com/showpost...&postcount=639
not euphoria follower
- #667
- Sep 6, 2010 1:27am Sep 6, 2010 1:27am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #670
- Sep 10, 2010 11:58pm Sep 10, 2010 11:58pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #672
- Sep 16, 2010 2:50am Sep 16, 2010 2:50am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
Daily Update
last week high should be our support for this movement ... if not... anything could happened
TQ.
Rgds,iqyu
prev posting :
http://www.forexfactory.com/showpost...&postcount=670
http://www.forexfactory.com/showpost...&postcount=665
last week high should be our support for this movement ... if not... anything could happened
TQ.
Rgds,iqyu
prev posting :
http://www.forexfactory.com/showpost...&postcount=670
http://www.forexfactory.com/showpost...&postcount=665
not euphoria follower
- #673
- Edited 9:25am Sep 16, 2010 8:56am | Edited 9:25am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
m15
reminder : we already hit bull tp#1 this week. it should be a correction before next move ( sometimes, but it's not a must ). was retracement to 50 daily few hours ago a correction we're looking for ? if it was... well now we're looking bull continuation only. but if not , we should be on eye to last week high or 80.9 weekly fibo to add more bull. let's wait and see ...
reminder : we already hit bull tp#1 this week. it should be a correction before next move ( sometimes, but it's not a must ). was retracement to 50 daily few hours ago a correction we're looking for ? if it was... well now we're looking bull continuation only. but if not , we should be on eye to last week high or 80.9 weekly fibo to add more bull. let's wait and see ...
Daily Update
last week high should be our support for this movement ... if not... anything could happened
TQ.
Rgds,iqyu
prev posting :
http://www.forexfactory.com/showpost...&postcount=670
http://www.forexfactory.com/showpost...&postcount=665
not euphoria follower
- #674
- Sep 16, 2010 9:04pm Sep 16, 2010 9:04pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
Daily Candle
Bull is facing strong resistance area.Once broken... 58xx is open
Prev Posting
http://www.forexfactory.com/showpost...&postcount=665
1H Candle
Bear potential . 19 daily, 100 and 80.9 weekly should be on eyed.
Overall... my bias is still bullish... however any interpretation of the chart depends on how any trader see the chart.
Stick to the plan....and patience is the heart
Happy friday
TQ.
Rgds,Iqyu
Bull is facing strong resistance area.Once broken... 58xx is open
Prev Posting
http://www.forexfactory.com/showpost...&postcount=665
1H Candle
Bear potential . 19 daily, 100 and 80.9 weekly should be on eyed.
Overall... my bias is still bullish... however any interpretation of the chart depends on how any trader see the chart.
Stick to the plan....and patience is the heart
Happy friday
TQ.
Rgds,Iqyu
m15
reminder : we already hit bull tp#1 this week. it should be a correction before next move ( sometimes, but it's not a must ). was retracement to 50 daily few hours ago a correction we're looking for ? if it was... well now we're looking bull continuation only. but if not , we should be on eye to last week high or 80.9 weekly fibo to add more bull. let's wait and see ...
not euphoria follower
- #675
- Sep 17, 2010 8:49am Sep 17, 2010 8:49am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
9 minutes before news...
aniway what i see.... pa meets strong resistant at 61.8 of continuation fibo...
sign for correction before next bull ?
happy trading...
iqyu
aniway what i see.... pa meets strong resistant at 61.8 of continuation fibo...
sign for correction before next bull ?
happy trading...
iqyu
Daily Candle
Bull is facing strong resistance area.Once broken... 58xx is open
Prev Posting
http://www.forexfactory.com/showpost...&postcount=665
1H Candle
Bear potential . 19 daily, 100 and 80.9 weekly should be on eyed.
Overall... my bias is still bullish... however any interpretation of the chart depends on how any trader see the chart.
Stick to the plan....and patience is the heart
Happy friday
TQ.
Rgds,Iqyu
not euphoria follower
- #677
- Sep 26, 2010 5:27pm Sep 26, 2010 5:27pm
- | Joined May 2009 | Status: Sucessful Praying FxTrader2Investor | 343 Posts
:nerd:
I 2 am looking/waiting for some discussions/sharingto resume here.
Just a quick one, on GBP we had a couple of days last week when there was sideways movement for a while and there are cases of price rejection (0.00%and or 100% of the intraday Fib (A) was taken out).
Could you provide A quick remider on how then to treat with the re-positioning of the breach and intraday Fibs in the instances of two or more price rejection in a given day? That would be most appreciated.
I have found that most of the examples or trading days (often discussed) deals with break-out and when trending is evident. Those are fine & less problematic but dealing with two or more price rejections remains a challengs.
Another such example can be found on GBPusd M15 - London session, on Tuesday February 9th 2010. Why so farback? Page 10 of the SFM manual used a portion of monday Feb 8th in its 50% breach example. Tried to replay how that day would have progressed. Later, tried out the 9th and that is when I came on an issue I'm not sure of how to treat: one or two sucessive price rehjections in a given tradung day as it relates to the positioning of intraday & vreach Fibs.
Thanks and will continue praying your strength in all your Godly endeavours.
Bless
- #679
- Sep 27, 2010 1:24am Sep 27, 2010 1:24am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
plan the trade.... and trade the plan ... makes 
http://www.forexfactory.com/showpost...&postcount=665
http://www.forexfactory.com/showpost...&postcount=665
not euphoria follower
- #680
- Edited 3:36am Sep 27, 2010 3:07am | Edited 3:36am
- | Joined May 2009 | Status: Sucessful Praying FxTrader2Investor | 343 Posts
70% of the time, the market is in consolidation. What you just witnessed in previous sessions was a tight consolidation. In trading with sfm you have to keep basic trading rules alive. So what do you do when the market is in tight consolidation? You trade tops and bottoms, draw your tls and wait. I will show this on my site soon. Now keep in mind I will not be on ff frequently to answer questions. :nerd:
here to share and support, particularly through prayers. keep me/us informed of the developments.
It would be nice to see how others using the SFM handled GBP & JPY last week. The periods of consolidation (numerous mini intraday reverals remains a challenge to be mastered). I take it in such instances we just sit and wait for real trending/break-out to resume. Infact that's what/how eventually resulted onthose days.
How did you do Iqyu5an? Any thoughts?
Bless