DislikedHi everyone,
tough day to find an entry to jump into this bearish move!Ignored
gary
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- #6,982
- Apr 4, 2012 8:19am Apr 4, 2012 8:19am
Hi everyone,
tough day to find an entry to jump into this bearish move!
but I see more bearish move as market sentiments turn to safe haven like USD despite its weakness. this morning Tokyo open with no ratracement and it broke previous day low, so I see it will taget the fib 161%.
next week, still sell ... but sell high!
check your W1 and MN candle/bar p[attern.
cheers,
very nice prediction
would you please teach me how to draw the fibonacci on H4?
like 100, 161% etc..
cause I'm very new in this market (forex)
thanks
,.regard
You could have mentioned neg divergence (both), au stall at low of D 14 Mar so acting as a R level on move up, but hey that'd be nit picking.
If this is how you trade after 6 posts then it could be very interesting what you do with some more time under your belt.
Well done. Great you are showing charts with your entries.
I spotted the negative divergence on GU (mentioned it in a previous post or two). It was plain as day. I've been looking pretty hard to find it on AU, however I'm failing to see any significant negative divergence there. Is it on H4 TF? Would you mind pointing it out for me?
The stall on the daily is not something that I saw, but a quick glance shows that it seems to correlate pretty well to continuation of trends. I've got something else to add to my backtesting checklist, and another tool in the box. Thanks!
Also, I'm out of AU for good. We're testing some major daily resistance here, and the channel, and PA has stalled out. Possible reversal in the works. I would say that a reversal is probably more likely here than a continuation.
GU, we're testing the 200EMA right now, and some decent resistance on the daily. If this breaks, we have another 200 pips of room before next major resistance. I'm looking for a re-entry here.
- #6,987
- Apr 4, 2012 8:54am Apr 4, 2012 8:54am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Hi Emmanuel,.
very nice prediction
would you please teach me how to draw the fibonacci on H4?
like 100, 161% etc..
cause I'm very new in this market (forex)
thanks
regard
Hi,
see attached chart which shows how you can add those fibo levels.
Enter the data as shown, be careful when entering the number value e.g. -0.618 and the ... %% %$ .
Also you need to learn how to draw channels using swing points.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,988
- Apr 4, 2012 9:06am Apr 4, 2012 9:06am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,989
- Apr 4, 2012 9:14am Apr 4, 2012 9:14am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,990
- Apr 4, 2012 3:45pm Apr 4, 2012 3:45pm
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
Hi,
An example of H1 entry :
Market condition ... very bearish close previous day, expect to see retracement and break of day Low wtih fibo extension as target.
Tokyo open bearish and retraced slight testing yesterday low with several IBs. Price bounce off the previous day low with pin bar.
See chart.
Was wondering if u could share ur ATR indicator
many thanks
- #6,991
- Edited 5:56pm Apr 4, 2012 5:47pm | Edited 5:56pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Hi em, great wrk as alway
Was wondering if u could share ur ATR indicator
hi josh,
the link to the !SM ADR Marker.ex4 indicator was posted here:
page 214 post#3208
http://www.forexfactory.com/showthre...46#post5257846 ,,,,post#69
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,992
- Apr 4, 2012 7:58pm Apr 4, 2012 7:58pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,993
- Apr 4, 2012 10:42pm Apr 4, 2012 10:42pm
Hi,
My view of today EU trading.
Mindful that tomorrow most markets across the world will be closed for the Easter long weekend, so I doubt many traders would be keeping their positions over the long weekend.
Also tomorrow is the notorious NFP trading day. It will most likely to be low liquidity before that, but be prepared for surprise moves by big movers like BOC being one.
Trade with caution always.
EU - I see a retracement up to and beginning to reverse between the 1.3200 BRN and the 38.2 Fib level. A continuation of downward pressure after that. There's also H4 support (now resistance) that was tested and failed at least 3 times between 3.20-3.22.2012 (even more significant if you go back further). Tested and failed several times on D as well. If LO is bearish, I would look to take my profits and run before the long weekend between the 1.3050 and 1.3000 (BIG round number) if it gets there.
GU - Looking for a further move down after a slight retracement between the 1.5930 level (DPV, 60EMA, and 38.2 Fib on H4) and where it is now (1.5900). Will look to target the 1.5800 level before the weekend (next H4 resistance and near the 127 fib-e).
- #6,997
- Apr 5, 2012 3:08am Apr 5, 2012 3:08am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
hi josh,
the link to the !SM ADR Marker.ex4 indicator was posted here:
page 214 post#3208
http://www.forexfactory.com/showthre...46#post5257846 ,,,,post#69
regards,
- #6,998
- Apr 5, 2012 4:28am Apr 5, 2012 4:28am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
Shorted at 1.3150 took 60% off 1.3096 and target is 1.3055.
Thanks em for indicator will hopefully hit ATR low for today
Stops @ BE
Happy Trading guys
Thanks em for indicator will hopefully hit ATR low for today
Stops @ BE
Happy Trading guys
