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Aud/usd system analysis

  • #4,821
  • Mar 30, 2011 8:30am Mar 30, 2011 8:30am
Beautiful 16081 (161.8 on the small swing) to 16017 (61.8 retracement) now wee see what market wants. Continue down to 127.2 ext or up to 161.8? Only the markets will tell us. JMO. MME is the bigger swing down? This is what I see on the 1hr chart.
  • #4,822
  • Mar 30, 2011 8:32am Mar 30, 2011 8:32am
Down
Quoting forxsniper1
Beautiful 16081 (161.8 on the small swing) to 16017 (61.8 retracement) now wee see what market wants. Continue down to 127.2 ext or up to 161.8? Only the markets will tell us. JMO. MME is the bigger swing down? This is what I see on the 1hr chart.
  • #4,823
  • Edited 9:39pm Mar 30, 2011 8:37am | Edited 9:39pm

GBP/USD 1H

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  • #4,824
  • Mar 30, 2011 8:45am Mar 30, 2011 8:45am
Quoting forxsniper1
Beautiful 16081 (161.8 on the small swing) to 16017 (61.8 retracement) now wee see what market wants. Continue down to 127.2 ext or up to 161.8? Only the markets will tell us. JMO. MME is the bigger swing down? This is what I see on the 1hr chart.

Hi Sniper,

On the 6o min candle chart I have the last down swing at 1.6143/1.5937, I have it having retraced to the 61.8 in the swing down.

(It has just had a small move up to the 50 retracement, at the US open)
http://www.arroyosecotennis.com/wp-c...ing-smiley.gif
  • #4,825
  • Edited 9:39pm Mar 30, 2011 8:55am | Edited 9:39pm

Aud/Chf Support an Resistance

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  • #4,826
  • Mar 30, 2011 9:16am Mar 30, 2011 9:16am
Quoting gonefishin
Hi Sniper,

On the 6o min candle chart I have the last down swing at 1.6143/1.5937, I have it having retraced to the 61.8 in the swing down.

(It has just had a small move up to the 50 retracement, at the US open)
http://www.arroyosecotennis.com/wp-c...ing-smiley.gif
Yes Thats what I see. If it continues up past the 61.8 I would target the 127 ext and if it breaks 15937 I would look at the 161 ext.
  • #4,827
  • Edited 9:39pm Mar 30, 2011 10:05am | Edited 9:39pm

Nzd/Usd second attempt up to .7628 LOOKING FOR weekly target, all trades closed very good day,

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  • #4,828
  • Mar 30, 2011 10:16am Mar 30, 2011 10:16am
The NZD/USD has been a force. Perhaps a slow moving force, but a force just the same.

Dan
  • #4,829
  • Mar 30, 2011 10:29am Mar 30, 2011 10:29am
man, its going and going and going, I am out anyway, we see, hoping to reach the weekly target and may get confirmation for the month for next target.

Quoting gonefishin
The NZD/USD has been a force. Perhaps a slow moving force, but a force just the same.

Dan
  • #4,830
  • Mar 30, 2011 10:33am Mar 30, 2011 10:33am
EUR STILL IN CONS, , THIS IS NOT SNIPER STYLE.
  • #4,831
  • Mar 30, 2011 10:53am Mar 30, 2011 10:53am
Quoting Mme
EUR STILL IN CONS, , THIS IS NOT SNIPER STYLE.
This is not what I like to trade. Non farm Payroll on fridays is messing wiyh the markets man. Im in resting mode..LOL
  • #4,832
  • Mar 30, 2011 10:59am Mar 30, 2011 10:59am
Quoting forxsniper1
This is not what I like to trade. Non farm Payroll on fridays is messing wiyh the markets man. Im in resting mode..LOL
  • #4,833
  • Mar 30, 2011 11:10am Mar 30, 2011 11:10am
Later guys and gals, done for the day.
  • #4,834
  • Mar 30, 2011 1:50pm Mar 30, 2011 1:50pm
NZD US NICE AND SLOW I LIKE THAT US CAD NICE AND SLOW LIKE THAT
  • #4,835
  • Edited 3:10pm Mar 30, 2011 2:02pm | Edited 3:10pm
Quoting Mme
man, its going and going and going, I am out anyway, we see, hoping to reach the weekly target and may get confirmation for the month for next target.

I take a little rest...and look what it does! I've got target reached at .7634 (I must have a candle or two a little different than you?). There also seems to be some good resistance around the .7655 area, which is coming up.

Mme,

I have a question regarding targets. You have daily targets , weekly targets, monthly targets...how do you arrive at the time frame for each target? Boy this sounds like a dumb question!

The reason I ask is because I came to my .7634 target while in my 60min candle chart, while I have a larger .7698 final target in the 240 candle chart. I'm just trying to find the correlation between what you're doing and what I need to do in my platform.



Did that make sense?

http://www.libraryjournal.com/articl...irTroutman.jpg

Thanks,
Dan
  • #4,836
  • Mar 30, 2011 2:42pm Mar 30, 2011 2:42pm
Dan the system give diffrent targets on diffrent time frames
  • #4,837
  • Mar 30, 2011 3:05pm Mar 30, 2011 3:05pm
Quoting joeyv33
Dan the system give diffrent targets on diffrent time frames


Ohhhhhhhhhh...


I'll send you an email>>>>


Thanks,
Dan
  • #4,838
  • Mar 30, 2011 4:19pm Mar 30, 2011 4:19pm
Dan, as joey said, individual time frames have there own targets, the larger the time frame the larger the target, when the the target reach in one time frame we look at the next one to see if this is a continuation of a trend or retracement, then we trade accordingly.This is not a trading signal it is a system built through Fibonacci numerical sequence, support and resistance levels

Quoting gonefishin
Ohhhhhhhhhh...


I'll send you an email>>>>


Thanks,
Dan
  • #4,839
  • Mar 30, 2011 5:38pm Mar 30, 2011 5:38pm
I emailed you guys, check your email.
  • #4,840
  • Mar 30, 2011 6:18pm Mar 30, 2011 6:18pm
Quoting Mme
Dan, as joey said, individual time frames have there own targets, the larger the time frame the larger the target, when the the target reach in one time frame we look at the next one to see if this is a continuation of a trend or retracement, then we trade accordingly.This is not a trading signal it is a system built through Fibonacci numerical sequence, support and resistance levels

Hi Mme,

I get that...but what makes a weekly target a weekly target (or other label)? Working high/low swing of the week? When I work my fib levels I work them from high to low, or low to high...without regard to time passed. I sometimes do this in varying candle views 240, 520, d, w, m. But I always do it from the bottom or top of the swing. What critera make it a "timeframe" target?

Thanks,
Dan
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