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EURUSD

  • #461,261
  • Jun 13, 2011 10:26pm Jun 13, 2011 10:26pm
Quoting fxjawn
4434 monthly pivot
Yep, demand was found at the pivot on the way down. For now, I have a view of demand turned supply at that level.
  • #461,262
  • Jun 13, 2011 10:26pm Jun 13, 2011 10:26pm
8AM GMT top out 445x
12,13,14:00PM Bounce around 4375
15:00 Resist @ 442x
14:00 8PM BUY 4365
03:00 / 04:00AM Thursday Start the big up 4520/40
Friday TARGETING 4685
Founder of Sutherland Wave Principle
  • #461,263
  • Jun 13, 2011 10:27pm Jun 13, 2011 10:27pm
Quoting Venice
I really want to see a decent bear candle though, i'm ready to jump on board the next trend.

Going to be really annoyed if we take this back up 4690. Have having to switch my 'which direction is the the current trend' every few takes. Ends up making me take nothing but counter's.

But now we are at a decision point. Trend continuation from here if continued long or trend reversal once below 4333.

The retraces retraces retrace, yeah, I think thats where I am at right now. lol
why it's unusual to see me attempting a swing trade on this, it just retraces the retrace of the retrace, all the time...
  • #461,264
  • Jun 13, 2011 10:28pm Jun 13, 2011 10:28pm
Quoting FibbinArchie
why it's unusual to see me attempting a swing trade on this, it just retraces the retrace of the retrace, all the time...

Yep, I had to nearly shut down the high/low wicks and only care about open>close to get rid of all the noise.

Then, we just follow price.

Worst part is sitting through a full days retrace before continuing the desired direction.

Welp, 15m is starting to point south again. Going to close here, maybe go in for some cheaper prices later on. More consolidation than anything and i'm bored, and I think I have elevated my own feeling of risk... so pulling the plug.

Hopefully it will at least shoot to the moon for you now. lol
  • #461,265
  • Jun 13, 2011 10:29pm Jun 13, 2011 10:29pm
Inserted Video
  • #461,266
  • Jun 13, 2011 10:34pm Jun 13, 2011 10:34pm
Think I'll bail on half here to give you guys some jet fuel! TT
  • #461,267
  • Jun 13, 2011 10:35pm Jun 13, 2011 10:35pm
Quoting Venice
Yep, I had to nearly shut down the high/low wicks and only care about open>close to get rid of all the noise.

Then, we just follow price.

Worst part is sitting through a full days retrace before continuing the desired direction.

Welp, 15m is starting to point south again. Going to close here, maybe go in for some cheaper prices later on. More consolidation than anything and i'm bored, and I think I have elevated my own feeling of risk... so pulling the plug.

Hopefully it will at least shoot to the moon for you now. lol
yeah red does that, i like to see where price has been rejected tho'...
  • #461,268
  • Jun 13, 2011 10:35pm Jun 13, 2011 10:35pm
S again at 4423 normal position.. calculated risk that may pay off if the next h closes below 4414 and the usdx above 74.46 in the next 30.. im counting on if im wrong a bounce off 4435 43/44 52 56 allowing me a green out.
those who can, do. those who cant, talk about those who can
  • #461,269
  • Jun 13, 2011 10:36pm Jun 13, 2011 10:36pm
Quoting TurboTrader1
Think I'll bail on half here to give you guys some jet fuel! TT
please dont flood the mkt with euros bro
  • #461,270
  • Jun 13, 2011 10:39pm Jun 13, 2011 10:39pm
Quoting FibbinArchie
yeah red does that, i like to see where price has been rejected tho'...
Yep. I just have them dimmed. Highs and lows are always what I use to determine my levels, but closes are what determines action items on those levels.

Works out well for just following PA though.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 31 KB
  • #461,271
  • Jun 13, 2011 10:41pm Jun 13, 2011 10:41pm
H close below 4427 and we are in for a bear ride....
  • #461,272
  • Jun 13, 2011 10:41pm Jun 13, 2011 10:41pm
Quoting Venice
Yep. I just have them dimmed. Highs and lows are always what I use to determine my levels, but closes are what determines action items on those levels.

Works out well for just following PA though.
how does it calculate those swing levels ?
  • #461,273
  • Jun 13, 2011 10:42pm Jun 13, 2011 10:42pm
Quoting FibbinArchie
how does it calculate those swing levels ?
The green and red dots you mean?

Fractals, drawn as lines until the next fractal.

They redraw just as one would expect from a fractal, but it helps keep me in check when I decide to go moronic and buy the tops or sell the bottoms.
  • #461,274
  • Jun 13, 2011 10:43pm Jun 13, 2011 10:43pm
morning...
Look Sharp/Trade Tight
  • #461,275
  • Jun 13, 2011 10:44pm Jun 13, 2011 10:44pm
we got a weekly pp a monthly pp in that zone. plus 4444/43 and 52..
time will tell.
those who can, do. those who cant, talk about those who can
  • #461,276
  • Jun 13, 2011 10:45pm Jun 13, 2011 10:45pm
Here you go Archie... not one of mine, just another collected through time.
Attached File(s)
File Type: mq4 Support and Resistance.mq4   2 KB | 357 downloads
  • #461,277
  • Jun 13, 2011 10:49pm Jun 13, 2011 10:49pm
Quoting Venice
The green and red dots you mean?

Fractals, drawn as lines until the next fractal.

They redraw just as one would expect from a fractal, but it helps keep me in check when I decide to go moronic and buy the tops or sell the bottoms.
so just low, low, high, low, low and vice versa then?

i tested fractals, but doesn't really suit my method as i don't trade breakouts...
  • #461,278
  • Jun 13, 2011 10:51pm Jun 13, 2011 10:51pm
eurusd short entry, short exit and long entry.
Attached Image (click to enlarge)
Click to Enlarge Name: abo.gif Size: 19 KB
  • #461,279
  • Jun 13, 2011 10:52pm Jun 13, 2011 10:52pm
Quoting FibbinArchie
so just low, low, high, low, low and vice versa then?
Yep. It actually pulls the fractal information from the built in iFractals() method within MT4.

I modified the indicator to actually draw those levels at the open/close of a fractal candle to see how that turned out. Was kinda wishy washy lol. Went back to the highs/lows.
  • #461,280
  • Jun 13, 2011 10:52pm Jun 13, 2011 10:52pm
Quoting gatorinla
we got a weekly pp a monthly pp in that zone. plus 4444/43 and 52..
time will tell.
plus 4423/49 the mofu of friday's candle...
Look Sharp/Trade Tight
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