Dislikedtrademin you think you could discuss three sisters a little bit? im having troubling identifying them. is it just when price touches a trendline three times while in a channel?Ignored
I'll get back about that,
Yvon
Yvon
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Dislikedtrademin you think you could discuss three sisters a little bit? im having troubling identifying them. is it just when price touches a trendline three times while in a channel?Ignored
Dislikedalright cool. im looking at the USDCHF and it seems like a possible three sisters is forming, at least from what my understanding of the pattern is. if price continues up to around .96360 then heads back down, a three sisters would be confirmed?Ignored
Disliked{quote} This is what I see from the USDCHF chart: that pair just got out of a break out and is already in oversold territory (AAA)!this breakout( of the double head) is quite important if it holds.another way to seeing it: pair is in a channel, right at upper trend line, where it should be overbought, not oversold!soon we will know if that double head hold support to the pull back. If it does, I will be a buyer., the next level is quit high! will see... {image}Ignored
Disliked{quote} Indeed, I have been a buyer since .9664, at the breakout of down trend line(first reaction on the 1 hr chart), then buying at the second reaction from the the 1 hr chart, then on the move away. First target at 0.9800,- just to mention that it is on the making of a TC,, (even if there's some 9 hrs left to complete) on the daily chart, by a long strong candle( already reaching some 100 pips range), but ATR has some spikes at 160 pips, so maybe that level could be achieved on a daily range again.will see...Ignored
Disliked{quote} Hi There Yvon,You are doing a great job supporting our thread. Just wish there were many more around to take advantage of your knowledge. Can you have a quick scan of my chart please. I agree with your summary and have been watching this zero Crossover as a continuation of what I considered to be an Uptrend . I see you are setting your sights on the 0.9800. This should be the next major test especially when backed up by the Trend Line Resistance.I am repeatedly going back over Phillip's description of the Rythym - perhaps I am trying too...Ignored
Dislikedwhats your guys opinon on the eur/usd? seems like it could be going into a downtrend, going to wait a little for confirmationIgnored
Disliked{quote} my bias has change to long trade just trying to wait for the price to come back to ema21 and go for trend TC trade .Ignored
DislikedMy EU watch for today. {image} {image} H4 showing strong pullback to the 21 with a solid Bullish close. H1 t/line re-drawn but a possible entry point to be long is still under the VBRN at 1.3000. A signal to enter would be about 6-7 pips above that level. I am using this as an exercise to spot possible early entries before a TC on the H4 charts. What do you peeps reckon ?Ignored
Disliked{quote} Well done!! I had the same view did a trade and saved 29 pips....I started the trade 1 hour after the MACD signal because of my bedtime ... anyway now I'm waiting for the MarketRhythm....in this case, for the pullback to the sma21, maybe we have again a change to save some pips...Ignored
Disliked{quote} Thanks Happy, Like I said in my update post, I was taken out at +10 because of the Break-Even EA. While we wait for a possible Rythym Run back to the 21 on this pair, I am eyeing up the AN for possible RT signal back to the 21 level. This is Counter Trend and against the Mood (89 ) but Phillip allows us to take part where Price is rejected at a Strong Level - the 1.2100 qualifies I think . Still 15mins to close so see what happens. {image}Ignored