Disliked{quote} Yes I see that too. Interested to find someone using Renko charts . I had a brief look at it previously. Do you use MT4 for that or another charting tool? I have a small short on at the moment from 1.3332 as I am expecting the DS zone to act as resistance and also based on what Eurusdd said about 1.3340Ignored
- #4,882
- Aug 16, 2013 2:56pm Aug 16, 2013 2:56pm
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
Closing remark: This mini-uptrend will be sustained until we have agreement on all my time-frames. Therefore, 1.3310 is a real-low and price will now -after hitting 1.3326 - try to go higher, maybe complete next week. A fall is only possible above 1.3340!!!! I am out!
- #4,883
- Aug 16, 2013 6:32pm Aug 16, 2013 6:32pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
Closing remark: This mini-uptrend will be sustained until we have agreement on all my time-frames. Therefore, 1.3310 is a real-low and price will now -after hitting 1.3326 - try to go higher, maybe complete next week. A fall is only possible above 1.3340!!!! I am out!
A pip is only worth it if you know how much you risked to earn it
- #4,885
- Aug 18, 2013 4:28am Aug 18, 2013 4:28am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #4,887
- Edited 2:13pm Aug 18, 2013 5:44am | Edited 2:13pm
Closing remark: This mini-uptrend will be sustained until we have agreement on all my time-frames. Therefore, 1.3310 is a real-low and price will now -after hitting 1.3326 - try to go higher, maybe complete next week. A fall is only possible above 1.3340!!!! I am out!
EDIT: And price returned to the point where DS started before zone was born. What then? will this zone act as resistance, but will not attract price in the future?
I hope that what I wrote below is not complete stupidness, however I want to know your thoughts regarding the view I have. (posted only RV-2 charts)
Will we aim for clearing zones around 1.3255-1.3265 and the old one around 1.3213 ending below 1.3187 moreless?
ZZB on H1 is painted but it can be the fake one since higher TF shows aim for south.
And M30: zone 1.3289-1.3222 moreless, ZZBoyt painted, but ema1 and Stoch did not crossed BB. It is possible that we will touch the zone at least, Taking into account information from M15 we have some chance of clearing this zone, however it usually higher TF determines what shall be done on lower one...
In general situation looks somehow similar to end of last week, where zone after zone were painted making more price distance from 1.3222 level, but direction now seems to be opposite.
Edit: and there are only zones below price, so they may be now an attraction for the price
Edit: And the daily chart has ZZT painted, and there is small doubd regarding if we will form a head with shoulders and then go souch or we just painting abc where we still have some area to get north till around 1.346...
EDIT: Do I see it correctly that clearing zona below requires new DS while clearing fresh zone above price doesn't? Shall it be interpreted that it is easier to clear newly born zone?
Time matters most
- #4,888
- Aug 18, 2013 4:51pm Aug 18, 2013 4:51pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #4,889
- Aug 18, 2013 7:22pm Aug 18, 2013 7:22pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #4,890
- Aug 19, 2013 4:06am Aug 19, 2013 4:06am
Hi,
While waiting for something interesting to hapen I was looking over different TFs. Nothing new on H4 and H1, but there is new pregnant zone at M30. Price returned to dissimilarity start right away, so, if my interpretation is correct, it will only act as a kind of furbulence. The same we can say about older zone below, so from this TF there seem s to be possibility of downward move in 1.3222 direction.
From BB percpectivve downward move could be after hitting upper band around 1.334
Also M15 has some zones, where older ones are below price, so they shall bore attract it if I understand principies correctly.
but there is this strong, old one around 1.3222...
I think that we may expect ZZTop on M15 and M30 then move downwards to clear zone around 1.325-1.326 and another try for 1.3222. Did I get it right?
While waiting for something interesting to hapen I was looking over different TFs. Nothing new on H4 and H1, but there is new pregnant zone at M30. Price returned to dissimilarity start right away, so, if my interpretation is correct, it will only act as a kind of furbulence. The same we can say about older zone below, so from this TF there seem s to be possibility of downward move in 1.3222 direction.
From BB percpectivve downward move could be after hitting upper band around 1.334
Also M15 has some zones, where older ones are below price, so they shall bore attract it if I understand principies correctly.
but there is this strong, old one around 1.3222...
I think that we may expect ZZTop on M15 and M30 then move downwards to clear zone around 1.325-1.326 and another try for 1.3222. Did I get it right?
Time matters most
- #4,891
- Aug 19, 2013 5:03am Aug 19, 2013 5:03am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
Hi, While waiting for something interesting to hapen I was looking over different TFs. Nothing new on H4 and H1, but there is new pregnant zone at M30. Price returned to dissimilarity start right away, so, if my interpretation is correct, it will only act as a kind of furbulence. The same we can say about older zone below, so from this TF there seem s to be possibility of downward move in 1.3222 direction. {image} From BB percpectivve downward move could be after hitting upper band around 1.334 Also M15 has some zones, where older ones are below...
Awesome stuff. I'm currently out as I have to do tons of work...
I have a slightly different opinion than yours but in no way does it invalidate yours. At this price action, it's a 50/50 coin toss unless you have a super computer and worked out the EU DNA as per the 4th thread. But I agree with how you've arrived at your conclusions: collecting info from various time frames and assessing the probability of a move based on the DS/SM principles. Just because we don't agree doesn't necessarily mean we can't trade in the same direction!
A pip is only worth it if you know how much you risked to earn it
- #4,893
- Aug 19, 2013 5:09am Aug 19, 2013 5:09am
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
The mini-trend uptrend is now kicking. remember I said 1.3310 is the real low on friday.
- #4,894
- Aug 19, 2013 5:11am Aug 19, 2013 5:11am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
Thanks Vlady for kind words, looks I was wrong a bit. price tries to pass upper zone.
I'm not watching price ATM so I won't/can't comment.... but you're edging closer.
Not that I can predict any better mind you.... but one thing I've learned very quickly is to be fluid and dynamic.
If you're wrong in direction then switch..... and I mean trade opposite... and quickly! LOL
A pip is only worth it if you know how much you risked to earn it