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  • #381
  • Dec 3, 2012 2:46pm Dec 3, 2012 2:46pm
Mr. Pip,

I can agree with Barry on the tripple top. The only other thing I "think I see" from your naked chart is rejection at the PRZ which I would consider a higher probablity short.

By the way, thanks to 9'er for starting this thread. I have never learned anything about AB=CD, Gartley's and harmonics before this enlightening thread.

Thanks for the attachments. I don't know if this will even post as a Junior Member.

I really am greatful to 9'er for the + 1 pip+ spread= sell/buy stop entry technique. This technique for order entry alone will improve my trading. I've been a price chaser. Everythings about to change. Thanks
  • #382
  • Dec 3, 2012 2:54pm Dec 3, 2012 2:54pm
This is my very first post in FF. In the last couple of weeks I've been amazed/overwhelmed by all these great systems there are, but ever since I read 9er's "style" type of trading is like if something clicked in my brain. For one that has to decide which thread to follow - since you can't be succesfull changing your strategy every 2 or 3 days - I will definetelly learn all I can from you guys. A style of trading is something that I really look forward to develop. Thank you also for the suggested readings!
Best time to plant a tree was 20 years ago, second best is now
  • #383
  • Dec 3, 2012 3:00pm Dec 3, 2012 3:00pm
Quoting Mr. Pip
Only one shot???
Come on people this for all to participate. No one will be disrespected here if you don’t know its ok that’s what we are here for. We can all learn from each other.
Hey Berry,
Nice job you are on the right track you are getting warm. I will add another clue and see if we can get some more participation. Feel free to also jump in and add some more comments.
Cheers,
[font=Calibri][size=3]Mr....
I come to same conclusion, PRZ area ,completion of CD ? Also an exhaustion point you marked on a previous M5 chart
Always Learning
  • #384
  • Dec 3, 2012 3:30pm Dec 3, 2012 3:30pm
Mr Pip
We have a confluence in the area you have marked.
If you put a fib extension to each of the legs ( retracements of the upward trend ) all of them either have their 1.618% lines in this area.
gregben
Attached Image (click to enlarge)
Click to Enlarge Name: 1.618.jpg Size: 136 KB
  • #385
  • Dec 3, 2012 3:39pm Dec 3, 2012 3:39pm
Quoting JayTrader
I come to same conclusion, PRZ area ,completion of CD ? Also an exhaustion point you marked on a previous M5 chart

Great job it is a completion of ABCD at a major area of S/R. The price reversal area identified came from the confluence of key swings and their exhaustion based of Fibs. I waited to see some better price rejection as the market has been very bullish so I jumped in a bit late. If the high holds I got in within 15 pips of the high not bad. I like to catch reversals within 20 pips for a better R/W.
Cheers,
Mr. Pip
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 12_3_2012.jpg Size: 115 KB
If you fail to plan, you plan to fail.
  • #386
  • Dec 3, 2012 3:41pm Dec 3, 2012 3:41pm
Quoting gregben
Mr Pip
We have a confluence in the area you have marked.
If you put a fib extension to each of the legs ( retracements of the upward trend ) all of them either have their 1.618% lines in this area.
gregben
Great Job! Ratio conflunce = high probability
If you fail to plan, you plan to fail.
  • #387
  • Dec 3, 2012 9:02pm Dec 3, 2012 9:02pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
OK - we need to reel things in just a bit. As I feared would happen we have a bunch of traders trying to chime in or show their knowledge. While I appreciate that, I need for you to stick to the topic at hand.

When you do this keep your post to the subject matter at hand. People are trying to learn a style of trading. While I am taking it as slow as I can there have been a few posts that tend to "wander".

I've given Mr Pip permission to post his chart. Please refrain from posting any other chart other than the template I provided, and do not introduce indicators in this thread that I did not list on page 1 of this thread.

I posted a new premise yesterday, an exciting strong premise and it didn't even so much as get peep. There was chatter of confluence, PRZ etc.

I started this thread to avoid that. If you want confluence, PRZ, theory and want to ignore the subject matter I post may I humbly suggest starting a new thread?

Your knowledge is very evident, but as I said my style bounces all over the place and does not concentrate on any one area. It is my intention to show the "blue collar" practical approach. I will re-post the thread rules. if you have any comments or disagree please PM me.
  • #388
  • Dec 3, 2012 9:04pm Dec 3, 2012 9:04pm
Wow what a grind. Let's see what happens a bit concerned about the S/R forming but my trade is on auto pilot and I'm prepared to take the loss so I'll let this one play out. Good night all safe trading.

Cheers

Mr. Pip
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 12_3_2012.jpg Size: 74 KB
If you fail to plan, you plan to fail.
  • #389
  • Dec 3, 2012 9:06pm Dec 3, 2012 9:06pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Thread Rules:

 

  1. Respect, Integrity always
  2. Never EVER speak in this thread of conspiracy theories, stop hunting brokers etc. If you manage your trades properly, neither of these should affect you anyway.
  3. Do not attempt to introduce any system, indicator, EA or otherwise into this thread (other than what I introduce). Doing so will earn you a one way ticket out of here
  4. Never, ever, ever speak ill of someone else in this thread. I don’t care how mad you get, take it off line. This thread is meant to be conducive to learning, not your personal sounding board.
  5. If someone posts a chart with an incorrect premise, do not scold, demean or otherwise. Share your thoughts. I am more than certain that I will post charts with an incorrect premise; I am NOT the expert, and I would thank you for correcting me. We are all equal in here, share what you see and why you think you see it. Post your charts!
  6. We will use an established set of indicators, which will never change. Why? Because our premise is based off the Chaos Theory (human greed and emotion); because of that, this style of trading will never be “conspira-sized” stop hunted or otherwise. We are not smart enough to change it, but we damn sure can use it!
  7. Do not PM me to speak of starting a separate website or selling services. I am not interested; I make a very comfortable living trading from home. I am here to help. I am not here to rob hopes and steal dreams.
  8. No assumptions or presumptions of what you think you know. If you know it all, why are you here?
  9. NEW RULE: If a premise posted conflicts with your train of thought; PM that person and discuss it there, get clarification and then post your collective reasoning

  • #390
  • Dec 3, 2012 9:14pm Dec 3, 2012 9:14pm
Quoting 9er
OK - we need to reel things in just a bit. As I feared would happen we have a bunch of traders trying to chime in or show their knowledge. While I appreciate that, I need for you to stick to the topic at hand.

When you do this keep your post to the subject matter at hand. People are trying to learn a style of trading. While I am taking it as slow as I can there have been a few posts that tend to "wander".

I've given Mr Pip permission to post his chart. Please refrain from posting any other chart other than the template I provided, and do...
My apologies once more 9er I will not post anymore and watch from the sidelines. I did not intend to disrupt your tread. If there is interest perhaps I'll start a harmonic thread. Just not encouraged to do so at this point. Thanks for allowing me to contribute I at least hope I was more helpfulness than hurtful

Cheers
Mr. Pip
If you fail to plan, you plan to fail.
  • #391
  • Dec 3, 2012 9:19pm Dec 3, 2012 9:19pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Daily: You can see from the attached chart that we are in a strong uptrend. I am still of the mindset that the current path is the formation of the X to A leg.

The daily TF is trading right up the middle of this channel. Yesterday's candle closed right at upper trend line and the RSI is 69.03

Believe we may have a bearish day today based of that premise, or as I said yesterday bullish to start, bearish to end
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 195 KB
  • #392
  • Dec 3, 2012 9:22pm Dec 3, 2012 9:22pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Sending you a PM

Quoting Mr. Pip
My apologies once more 9er I will not post anymore and watch from the sidelines. I did not intend to disrupt your tread. If there is interest perhaps I'll start a harmonic thread. Just not encouraged to do so at this point. Thanks for allowing me to contribute I at least hope I was more helpfulness than hurtful

Cheers
Mr. Pip
  • #393
  • Dec 3, 2012 9:39pm Dec 3, 2012 9:39pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
The 4H chart like the daily is trading right up the middle of the channel. Price is currently sitting on the daily pivot. A few candles back you can see where the RSI spiked to 71.43.

Again - believe we may see a push up to start the day and bearish to finish. Before we can consider a reversal, we need an indication of a reversal, currently on the 4H that does not exist.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.jpg Size: 170 KB
  • #394
  • Dec 3, 2012 9:54pm Dec 3, 2012 9:54pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Well I take that back. Upon further review of the 4H chart. I painted what I presume to be the completion of an ABCD pattern. Will this be strong enough for a reversal? Not sure, but it may be enough to move us to the lower trend line and sufficient "area" to introduce a bearish outlook.

I drew Fibo's to show a few key points. Strong trends tend to only retrace to the 38.2 level. I measured A to B and the retrace area is 38.2. I measured B to C and again properties of the ABCD states that D usually completes between the 127 and 161 fibo areas.

We may see a push to 1.3090 (Psycho level) and then a push down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4h2.jpg Size: 203 KB
Click to Enlarge Name: 4h3.jpg Size: 204 KB
  • #395
  • Dec 3, 2012 10:09pm Dec 3, 2012 10:09pm
Green pips from Sydney session, trading AUDUSD....Thank you 9er
Attached Image (click to enlarge)
Click to Enlarge Name: 04Des12.JPG Size: 187 KB
Dangdut is a music of my country
  • #396
  • Dec 3, 2012 10:26pm Dec 3, 2012 10:26pm
9'er: Let me know if this Weekly I marked up is in line with the program. Although its a really long term chart, would it affect our bias on this pair?
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd w1 12.03.2012 abcd.jpg Size: 182 KB
  • #397
  • Dec 3, 2012 10:27pm Dec 3, 2012 10:27pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Glad to see it!

Quoting NuNix
Green pips from Sydney session, trading AUDUSD....Thank you 9er
  • #398
  • Dec 3, 2012 10:35pm Dec 3, 2012 10:35pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
You can see on the 1H chart the completion of an ABCD. Price acknowledges and moves sideways and slightly downwards to the lower trend line and daily pivot.

Notice also the RSI has dropped below 60 and at the completion of the ABCD even swooped in on the 50.

So on the 1H until we get an indiction of bearish (at least until the 1.3090 level) we are cautiously bullish.

I have set a buy stop (to test the premise I posted yesterday) at 30576. My stop area will be the low of the candle that pushed off the lower TL
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 41 KB
  • #399
  • Dec 3, 2012 10:45pm Dec 3, 2012 10:45pm
Quoting 9er
You can see on the 1H chart the completion of an ABCD. Price acknowledges and moves sideways and slightly downwards to the lower trend line and daily pivot.

Notice also the RSI has dropped below 60 and at the completion of the ABCD even swooped in on the 50.

So on the 1H until we get an indiction of bearish (at least until the 1.3090 level) we are cautiously bullish.

I have set a buy stop (to test the premise I posted yesterday) at 30576. My stop area will be the low of the candle that pushed off the lower TL
Hi, Can you please show point X here. I am just learning about these patterns. Thanks
  • #400
  • Dec 3, 2012 10:45pm Dec 3, 2012 10:45pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Perfectly inline. The only aspect that effects our Bias at the moment is that price has breached the upper Trend line on the weekly chart. My speculation is price may continue to push upwards as the RSI swooped below 50 a few weeks back and is currently pointing northeast!

until an upward channel gets broken to the down side we are cautiously bullish. The reason I say cautiously is if you refer t the 1H chart price is making a 4th stab at the lower TL.

In this up channel that is the first time this has occured

Quoting Trade4Bux
9'er: Let me know if this Weekly I marked up is in line with the program. Although its a really long term chart, would it affect our bias on this pair?Attachment
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu1h.gif Size: 40 KB
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