Luckylady. It must be a hell of a coincidence, but the same breakout numbers happened for the day I calculated. When I plot in the other numbers, the swing breakouts changed. But, the day after that calculation, it only reached 1.3871 low, which then according to the calc should have reached the same target as today, 1.3767, and it did not reach the UP 100% level either of 1.4062, same as todays, but only 1.4050, which is the sentiment level.
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What figures did you have as HLC and I will have a look.
recalculation at lowest low of the day shows me 1.3868 as close resis
long @ 1.3875 TP 1 1.3900 TP2 1.3920
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Counter trend trades are always riskier and as we broke through down support on the original calculation from NY close last night, at 1.3892 and went 3 pips below 50% down it would be a risk I wouldn't be prepared to take.
Counter trend trades are always riskier and as we broke through down support on the original calculation from NY close last night, at 1.3892 and went 3 pips below 50% down it would be a risk I wouldn't be prepared to take.
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it should have been long @ 1.3880 (as 1.3878 is resistance) but i got greedy and lost 10 pips lol
Luckylady. It must be a hell of a coincidence, but the same breakout numbers happened for the day I calculated. When I plot in the other numbers, the swing breakouts changed. But, the day after that calculation, it only reached 1.3871 low, which then according to the calc should have reached the same target as today, 1.3767, and it did not reach the UP 100% level either of 1.4062, same as todays, but only 1.4050, which is the sentiment level.
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I've looked at the day you mention. One big difference is today's sentiment is bearish overall and that day was bullish, another thing, these are swing trade breakouts, different to the ones on the second tab which are more for reaching a target (hopefully) that day. Price did eventually reach that 4062 but not until a few days later.
I've looked at the day you mention. One big difference is today's sentiment is bearish overall and that day was bullish, another thing, these are swing trade breakouts, different to the ones on the second tab which are more for reaching a target (hopefully) that day. Price did eventually reach that 4062 but not until a few days later.
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I know that, but does the fact that it was bullish and not bearish, mean that it shouldn`t reach it`s down targets? What strikes me is the similarities between the two swing trade breakout numbers on totally different days.
I know that, but does the fact that it was bullish and not bearish, mean that it shouldn`t reach it`s down targets? What strikes me is the similarities between the two swing trade breakout numbers on totally different days.
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Well it could very well meet its down target today or tomorrow, as I said, they are swing breakouts.
The close of that day was 1.3962 and yesterday was 1.3948 so not very different at all. The highs were also pretty much the same (11 pips difference between the two), the only difference was the low, but as Bobi has said the close is very important I would think that had more to do with it. I would find it more alarming if the breakouts were totally different for 2 closes that were pretty close together.
Aboonacci System - for EUR/USD prediction
tyvm for sharing this