ABCD - My way | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Trading is as simple as ABCD 11,332 replies

Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

ABCD Fibo 82 replies

abcd patterns 1 reply

Attachments: ABCD - My way
Exit Attachments

ABCD - My way

  • #61
  • Jun 7, 2011 4:07am Jun 7, 2011 4:07am
5m entry expecting 15m confirmation
dreams do come true.
  • #62
  • Jun 7, 2011 8:39am Jun 7, 2011 8:39am
Quoting wannaberich
4h - points to 1.4746. short with a close below 1.4572
1h - no open bull cycles. short entry with a close below 1.46
30m - finally we are at 1.4664, an older cycle open since last friday. we have 3 cycles finishing were we are now (1.466-75 area). so a close above and a close below and i will be short.
15m - also finishing cycles here. the best entry for me would be a close above 75 and a close below but 64 will do too.
5m- also pointing to 1.4675. same drill:close above, close below and i am short.

i don't expect (for now) much of this short....
Sorry mate, can't see the 30M cycle ending at 1.4664. Any chance you can post a piccy for me please? Cheers.
  • #63
  • Jun 7, 2011 10:26am Jun 7, 2011 10:26am
Here you go.

Green pips, S

Quoting Sutts
Sorry mate, can't see the 30M cycle ending at 1.4664. Any chance you can post a piccy for me please? Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: forex.jpg Size: 172 KB
dreams do come true.
  • #64
  • Jun 7, 2011 12:24pm Jun 7, 2011 12:24pm
Though a higher time scale than yours, I am still LONG EUR/USD. Looks like a break of the resistance @ 1.465 - don't see anything really significant until 1.488 which obviously the "common" top of the previous up movement will inherently become a S/R zone for the current up move.

I won't speculate beyond that since their is no precedence.

As I've stated before, you should always fundamentally plan your trade and technically execute it. The perfect marriage of fundamental price movement with technical analysis to pinpoint entry and exit.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jun. 07 13.24.gif Size: 110 KB
Capital Preservation is key to long term wealth accumulation
  • #65
  • Jun 7, 2011 5:29pm Jun 7, 2011 5:29pm
Quoting wannaberich
Here you go.

Green pips, S

Thanks for this, you're a star.
  • #66
  • Jun 8, 2011 2:54am Jun 8, 2011 2:54am
my trend lines say 1.4750 area. also we complete a big cycle there. i think, if we are to reverse, it should happen tomorrow, not today. there is some room to go down today.

let's c what it brings

hapipipin


Quoting MuddBuddha
Though a higher time scale than yours, I am still LONG EUR/USD. Looks like a break of the resistance @ 1.465 - don't see anything really significant until 1.488 which obviously the "common" top of the previous up movement will inherently become a S/R zone for the current up move.

I won't speculate beyond that since their is no precedence.

As I've stated before, you should always fundamentally plan your trade and technically execute it. The perfect marriage of fundamental price movement with technical analysis to pinpoint entry and exit....
dreams do come true.
  • #67
  • Jun 8, 2011 2:57am Jun 8, 2011 2:57am
Seems like a down day for me, Stuts. SLs above 1.47 seem safe.

Quoting Sutts
Thanks for this, you're a star.
dreams do come true.
  • #68
  • Jun 8, 2011 2:59am Jun 8, 2011 2:59am
we already tried to break the C on the hourly and failed. and as long as that C is there we are pointing to ... yup, 1.475 area too (1.4757 to be more precise).
dreams do come true.
  • #69
  • Jun 8, 2011 4:25am Jun 8, 2011 4:25am
Quoting wannaberich
Seems like a down day for me, Stuts. SLs above 1.47 seem safe.
Agreed, seems quite risk averse ATM - stocks tumbling, oil down.

I'm holding a short from 1.4679 (triple top bearish engulfing retest on M5).

I do worry that we bounced off the DP and as you say, that C line is proving hard to break but we did close below on H1 earlier according to my charts.

Let's see.....

Keep up the good work.
  • #70
  • Edited 4:48am Jun 8, 2011 4:29am | Edited 4:48am
An H1 close below yesterday's daily break line (also last week's close) at 1.46513 would be nice and give me some confidence to hold further.

Have you any positions open wannaberich?

Update: Bounced off DP again. Moved stops down to 1.46684.

Stopped out. Ahh well. Looks like you were right about it wanting to go after that incomplete H1 target. Will be joining the action north at the next opportunity.
  • #71
  • Edited 5:32am Jun 8, 2011 5:08am | Edited 5:32am
OK, in long from 1.4661 with initial stop at 1.46358 and target of 1.4750.

Will reconsider if bearish PA forms below daily line 1.4651

No good, exited with 18 loss.
  • #72
  • Jun 8, 2011 7:43am Jun 8, 2011 7:43am
it appears that we are at the c point on the EUR 1H, D should be in the range of 1.4765 area, lets see what happens,...........What is your thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1 1.4775.gif Size: 24 KB
  • #73
  • Jun 8, 2011 8:21am Jun 8, 2011 8:21am
LONG from 1.4640
Capital Preservation is key to long term wealth accumulation
  • #74
  • Jun 8, 2011 8:43am Jun 8, 2011 8:43am
sorry, was away from the pc.

here is my view:

was expecting this bounce here. you can see the blue trendlines were price turned. also you can see the trendlines i expect price to rebound at 1.4750 and the end of a bigger 4h cycle which is the red horizontal line.

i exited my short at 20 for 44 pips.

right now i am on the side lines. my view we are at a pivotal zone. if you pick up an hourly you'll see we are the the D of the higher cycle. that means that if the 1h closes above 1.4635 that would be a long signal. exact same thing for the 30m.

my view this COULD well be an excelent entry but short! i believe we could still go down to 1.4570 which would make sense cycle wise too.

that would complete a bull flag that would take us to 1.4750. but this is already a lot of "if then else"s LOL
Attached Image (click to enlarge)
Click to Enlarge Name: forex.jpg Size: 110 KB
dreams do come true.
  • #75
  • Jun 8, 2011 8:46am Jun 8, 2011 8:46am
i am favouring long but must admit i see as more lightly another move down to 1.4570 to complete the open cycles as the Cs (1h and 30m) seem to be holding pretty well (1.4636)

if we do see a break above and a come back to test 1.4636 without a break i will long.

otherwise i am very much considering a short right here...


but i will long with confidence at 1.4570

hapipipin

Quoting jrushing
it appears that we are at the c point on the EUR 1H, D should be in the range of 1.4765 area, lets see what happens,...........What is your thoughts?
dreams do come true.
  • #76
  • Jun 8, 2011 8:48am Jun 8, 2011 8:48am
but if this 15m closes bearish engulfing (as it is now) i'll short this to 1.4570...


then i'll join u!

Quoting MuddBuddha
LONG from 1.4640
dreams do come true.
  • #77
  • Jun 8, 2011 9:00am Jun 8, 2011 9:00am
in case you didn't see them

as long as the red line isn't closed above, i still see further down...

hapipipin
Attached Image (click to enlarge)
Click to Enlarge Name: forex.jpg Size: 65 KB
dreams do come true.
  • #78
  • Jun 8, 2011 9:11am Jun 8, 2011 9:11am
5m long signal, 15m short signal...

waiting...
dreams do come true.
  • #79
  • Jun 8, 2011 9:36am Jun 8, 2011 9:36am
Interesting, but as I understand when A or C it taken out then that particular pattern is invalidated, it took aout your lower C 3 bars ago, and therefore we go to the higher time frame pattern.

1.4610 is the low, for the C on the hourly. i may be looking at this wrong, I see an inverted Hand S on the 15 just being completed, so I am seeing 1.4544 being the pivot, i am still long from 1.4598 and watching............

now you got me running numbers again to verify,,,,,,,,,,,and thats a good thing
  • #80
  • Jun 8, 2011 9:43am Jun 8, 2011 9:43am
what TF are you talking about?

on the 15m we are straying below the 20 ema

it's the 3rd time we trying to get above that C. looks like failing... points to 1.4584...

Quoting jrushing
Interesting, but as I understand when A or C it taken out then that particular pattern is invalidated, it took aout your lower C 3 bars ago, and therefore we go to the higher time frame pattern.

1.4610 is the low, for the C on the hourly. i may be looking at this wrong, I see an inverted Hand S on the 15 just being completed, so I am seeing 1.4544 being the pivot, i am still long from 1.4598 and watching............

now you got me running numbers again to verify,,,,,,,,,,,and thats a good thing
Attached Image (click to enlarge)
Click to Enlarge Name: forex.jpg Size: 158 KB
dreams do come true.
0 traders viewing now