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  • #1,501
  • Jan 28, 2013 3:28am Jan 28, 2013 3:28am
Quoting 9er
So the question remains - are we looking at an "X" to "A" or an "ABC"? My guess is ABC although argument can be made of X to A
That's my wish
Dangdut is a music of my country
  • #1,502
  • Jan 28, 2013 3:54am Jan 28, 2013 3:54am
any 1 see ..there is already butterfly/crab in m5 and we alredy move from D to B on this pattern. now we're in B

b could be intepreted as strong support in past and now the PA is re testing it ( imho )
not euphoria follower
  • #1,503
  • Jan 28, 2013 4:16am Jan 28, 2013 4:16am
bearish butterfly in m1 ??


Quoting iqyu5an
should be another bearish pattern in lower TF bro.. waiting for another D

gonna be happy if she make new high first ( or at least retest today's high or friday's high ) then shoot

at the moment we stucked in around 60-61 daily fib ( hi low of frinday)


***
there is tools in my first page of my thread to draw regular fibo ( not indi.. just instant fibo to determine our location ...relative to prev period )
not euphoria follower
  • #1,504
  • Jan 28, 2013 4:52am Jan 28, 2013 4:52am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Either way it doesn't matter to my trade. I closed it manually at +9

Quoting iqyu5an
any 1 see ..there is already butterfly/crab in m5 and we alredy move from D to B on this pattern. now we're in B

b could be intepreted as strong support in past and now the PA is re testing it ( imho )
  • #1,505
  • Jan 28, 2013 4:37pm Jan 28, 2013 4:37pm
did we have C point already ( yesterday's high ) and ready to break B point ( yesterday's low ) of our potential bullish harmonic ?

339x-340x is on eyed... could be lower... to friday's low or friday's open line. there will be some B points of old bearish harmonic down there

mr. time will tell us the truth
not euphoria follower
  • #1,506
  • Jan 28, 2013 9:59pm Jan 28, 2013 9:59pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
EJ15M crossed TL looks to be retesting. I have buy stop in place with TP +20
Attached Image (click to enlarge)
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  • #1,507
  • Jan 28, 2013 10:10pm Jan 28, 2013 10:10pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
As I painted it yesterday

Quoting iqyu5an
did we have C point already ( yesterday's high ) and ready to break B point ( yesterday's low ) of our potential bullish harmonic ?

339x-340x is on eyed... could be lower... to friday's low or friday's open line. there will be some B points of old bearish harmonic down there

mr. time will tell us the truth
Attached Image (click to enlarge)
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  • #1,508
  • Jan 28, 2013 10:13pm Jan 28, 2013 10:13pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
AO on the daily is divergent
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  • #1,509
  • Jan 28, 2013 10:14pm Jan 28, 2013 10:14pm




Quoting 9er
As I painted it yesterday
not euphoria follower
  • #1,510
  • Jan 28, 2013 10:18pm Jan 28, 2013 10:18pm
finally ...someone realized it also .........

but let see how market later....... we never know

Quoting iqyu5an
multiple bearish harmonic at the moment....

find the know how ...
Quoting 9er
AO on the daily is divergent
not euphoria follower
  • #1,511
  • Jan 28, 2013 10:42pm Jan 28, 2013 10:42pm
Quoting 9er
AO on the daily is divergent
yes there is bearish signal in multiple tf
Dangdut is a music of my country
  • #1,512
  • Jan 28, 2013 10:53pm Jan 28, 2013 10:53pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Apologies - I thought I posted this earlier. I placed a sell stop 122.181 took +10 at 122.081. I have already cancelled the buy stop I had in place
Attached Image (click to enlarge)
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  • #1,513
  • Jan 29, 2013 12:19am Jan 29, 2013 12:19am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Simultaneous Buy and Sell stops a practice I haven't previously used

I have found when using the advanced AO indicator, when price gets around the trend line 1 of a couple of things occur

1. price crosses and breaks the TL (in which case I like to place a buy or sell stop at the "break candle's" high or low)
2. Price bounces (is rejected) off the TL (in which case I like to place a buy or sell stop at the "bounce candle's" high or low
3. A break or bounce, then a subsequent retest of the TL before resuming. Placing SL too close may cause inadvertant or premature closing of your trade, only to watch it resume in the original direction (very irritating)

if price hugs the TL I have found the need to place both a buy and sell stop. The first one to trigger should negate the need for the remaining order and it should be deleted.

Hopefully this clarifies why I placed a buy and sell stop simultaneously

Edit: Another reason for deleting one of the two orders would be: if neither has triggered, and if price exceeds what you had earmarked as the stop loss for the other order - THAT order should be deleted. In the example below, this is exactly what happened. Price went to what I had marked as my SL (even though it did not trigger) and prompted me to place a sell stop. Indicating a rejection of the TL. Which, in this case worked out beautifully
Attached Image (click to enlarge)
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  • #1,514
  • Jan 29, 2013 12:32am Jan 29, 2013 12:32am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
here is another example of rejecting then retesting. Price was rejected as you can see, but is now making a move back UP to the TL. Only what I am seeing now is a possible break of the TL as it appears to be a pretty nice ABC pattern looking to paint the completion of D (targeting just above TZ1)
Attached Image (click to enlarge)
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  • #1,515
  • Jan 29, 2013 1:52am Jan 29, 2013 1:52am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
or not

Quoting 9er
here is another example of rejecting then retesting. Price was rejected as you can see, but is now making a move back UP to the TL. Only what I am seeing now is a possible break of the TL as it appears to be a pretty nice ABC pattern looking to paint the completion of D (targeting just above TZ1)
  • #1,516
  • Jan 29, 2013 6:45am Jan 29, 2013 6:45am
B

Quoting iqyu5an
did we have C point already ( yesterday's high ) and ready to break B point ( yesterday's low ) of our potential bullish harmonic ?

339x-340x is on eyed... could be lower... to friday's low or friday's open line. there will be some B points of old bearish harmonic down there

mr. time will tell us the truth
Quoting iqyu5an
this is example how indentifying pattern/harmonic/ whatever we call ( not mine but belongs to specific site that decribing : identification,trade, scaling the trade in prz and trade manegement. optimum target...price character in prz.. what happened when price come to the prz etc etc is also described briefly there.
http://a.yfrog.com/img738/2608/wfd.gif

we can trade in two way direction..

one that i can share ( cos it's happening in euro usd at the moment ). once we're in prz.. ( assuming we got bearish harmonic ) she will go to B point of current pattern. why B... B is old resistance. does the price go to B point directly ? No ! they love 23.6 and 38.2 fib ratio of CD leg... most of the time once they hit this ratio.. they will test and retest the PRZ again before going to B.

B point is optimum target... most of them use it as their first target. but if we love scalping : 23.6 - 50 fib ratio of cd leg should be considered as target . there will be another harmonic ( in other tf ) to hit B point

happy trading to u all.
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not euphoria follower
  • #1,517
  • Jan 29, 2013 11:24am Jan 29, 2013 11:24am
A simple pic for gu tomorrow
http://screencast.com/t/fR8ZC4fZo
  • #1,518
  • Feb 2, 2013 11:08am Feb 2, 2013 11:08am
I have done as it say on page1 i have sciped it all and begin on page 58 there are some teaching but after that it feels like i come in to in the middle of something just trade exxamples no teaching am i missing something i am on page 60 now still not so mutch teaching. Shall i read from page 1 or just continue from where i am if i like to learn this method 9er trades ?


Best regards
  • #1,519
  • Feb 3, 2013 1:12pm Feb 3, 2013 1:12pm
I have now read the thread 9er please teach me more of your knowledge for example about the RSI i think there are many here that are intreste in what you have to teach but maybe they are just little shy.

Best regards
  • #1,520
  • Feb 5, 2013 4:07am Feb 5, 2013 4:07am
what does a inverted candle means ? are all away from this thread ?



Best regards
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