EURUSD

I created a poster.
http://sd.keepcalm-o-matic.co.uk/i/k...selling-36.png

EU price rejection on the 1H of 94 and 64 indicates lower. 30 pip interval projects to 34 or 04.

Me not, my luck. :-) I was thinkign about short with scalping, but not strong move. So I am now doing nothing. :-)

That's what i do for both, especially the first one....80/20

it's a beauty of pump & dump, may be time to buy phsycal gold and get divered

yes entry "after" doji would have given more confidence

i was thinking the last lows around 36 but your interpretation makes sense

We are in a bullish swing and the target for the week is 1.3300 level. Buy support at 1.3030 (after 123 or other bullish reversal pattern) or buy a breakout of 1.3140.

Right now it's only dump & dump

I won't touch gold..daily/weekly are not looking good.

And for EU i'll sell only for now...unti i buy.
I'd like to see 1,3015 for a start.

1,3055 is a strong area...better watch out.

4H closes are very important intraday barometers. You can't ignore them if you're looking to scalp, even at 1M levels.
The last 16 hours (4 x 4H) have been down. So what's the intraday trend?

I think people are still attempting to pick tops and bottoms. Waste of time on a Monday. This is how I got burned in the past.
Just saying.

You'd be better off with a longer term strategy and sticking to it. Oh and if you insist on scalping (which is perfectly acceptable), then remember that the 4H is broken down into quarters by the 1H... and the 1H is broken into quarters by 15M..... so even if you had to scalp on the 5M, you'd be wanting to gain at least 12 pips minimum... so syncronise this "vibration" level with the price action versus time action. In other words, what timeframe is providing that 12 pip interval in 1x, 2x or 3x factor?

What i don't like about your H4 chart is the fact the last bounce off 1,303x area didn't lead to new highs...and got rejected before heading higher.

Hence this 1,303x maybe not be that strong....time will tell. Better wait and see how price reacts once we see that level again.
I definitely won't blindly buy that level

so youre saying h4 = 36; h1 = 24 and m15 is 12 and m5 is 12 as well?

Personally I would buy on the break as it's confirmation.
I wouldn't place an buy order on 36.
However... I could also wait until it hits 36, then wait for a HH and HL on a smaller timeframe: 15M in conjuction with 1H, and look to buy on the HL..... which could be at 36 (after a fake low) or higher 42ish...

Short @57

GL

any tp i know there is on sl

Thanks Bro

That short I had @92 where I put a BE+2 got hit only to fall right back down while I slept.

Food for thought... just confirms hard stops always seem to get hit.

Dont get me wrong a win is a win but it reminded me of the days when I used SL only to have the Ms Market take it out and go on her merry way.

My 1st metod combined with a second



Previously I posted on why and how my first method works. And that this for me indicates a start of a new trend the day both of the MA turned up. And the reason Ive been Long for the past 2 weeks. And have been taking my green pips with a trailing stop loss.

Now with my method 2 I'm looking to re enter on the trade and reconfirm the movement if it is there else Im scaled out and bag my profits.

Below you see a daily bar chart : With a 40 day MA in red, and 3 day MA based on the High and Low.
Also an ADX setting of 14,14 to show the trendyness of the market. I only buy if it is greater than 16 000

Now the UPTREND setup conditions for the trade is :

1) The 40 day MA must be geater than 5 days ago
2) The LL of the last 10 days must be higher than LL of last 35 days
3) 3 day MA based on the LOW has turned down anytime in the last 5 days
4) HH of the last 3 days must be less than the HH of the last 10 days
5) and the ADX must be > 16 000

6) SAND ASIDE if there is evidence of bearish divergence.

If the trade matches the setup conditions you can place an order to buy o the next open.

This is my method for deciding whether to re enter a position in the direction Im trading or if I have missed the initial trend swing.

As you can see the trade does not mach the setup conditions yet so I will stand aside until the conditions are met. But its possably seting up. And Im stil in the trade with my previous trade taking pips as far as it goes with my 3 day low trailing stop loss. If Im scaled out I wait for a new setup oppertunity if not I trail the profets without risking my gains.

You can apply this method to the prevous waves and see how it corectly suplied the setup day in re entering in the trend. With this you only enter the trade after the trend is reconfermed.

It works the same for downtrend the values are ust reversed.


Now for this trade youll see it shows an entry point for the downtrend movement. But im not taking it on account of evidance of a bullis divergence.

And this is why I say im sticking buy my guns on the long up to 1.36xx

Any comments advice and critisism welcome

JK on FX short video and mkt commentary

http://www.jkonfx.com/

Long @ 68

Reason: 5 x 15 SMA PA above both

RSI3 +50

30M PA not near HSR / supply zone / Fibs

1M white candle

So I am short 57 & long @ 68

That silly TL which is not there is under pressure on M1 after bounce at 3058.