EurAnalysis | Page 3506 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #70,101
  • Sep 23, 2013 4:29pm Sep 23, 2013 4:29pm
E/J
4h chart ...wedge to 36xx target or MAIN TL test ?
in the middle is more difficult to predict ... imo
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de ecra de 2013-09-23 22:17:47.png Size: 151 KB
  • #70,102
  • Sep 24, 2013 1:15am Sep 24, 2013 1:15am
actually when i make a projection for euro move this is what i get.... for real long term euro actually make a bullish pennant pattern....that is after this bullish movement up it will make a down movement before make a breakout to go higher.......but this is only for long term view....

Attached Image (click to enlarge)
Click to Enlarge Name: EURO.jpg Size: 243 KB
Bismillah
  • #70,103
  • Sep 24, 2013 3:28am Sep 24, 2013 3:28am
Quoting krunfx
actually when i make a projection for euro move this is what i get.... for real long term euro actually make a bullish pennant pattern....that is after this bullish movement up it will make a down movement before make a breakout to go higher.......but this is only for long term view.... {image}
I made some minor modifications to your chart. I hope you don't mind
Attached Image (click to enlarge)
Click to Enlarge Name: EURO (1).jpg Size: 131 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #70,104
  • Sep 24, 2013 4:01am Sep 24, 2013 4:01am
....I'd love to see your idea of major modifications......
Trading Levels with WRBs
  • #70,105
  • Sep 24, 2013 4:03am Sep 24, 2013 4:03am
Quoting Islander
....I'd love to see your idea of major modifications......
That would have entailed scrapping his chart and creating a new one, but there was no need for that. His was "almost" dead on
Those who say it cannot be done should not interrupt those who are doing it
  • #70,106
  • Sep 24, 2013 4:19am Sep 24, 2013 4:19am
Apologies that its a cable chart, but I thought you might like to see how I'm using your MAPriceAlert - here the grey line - that triggered in the 07:57 candle. A quick look at the chart and I sold as it fitted all of my criteria - a great trade for ~50 pips with highish gearing.....
Attached Image (click to enlarge)
Click to Enlarge Name: sep24 gbp 1m 0911 gmt.png Size: 38 KB
Trading Levels with WRBs
  • #70,107
  • Sep 24, 2013 4:23am Sep 24, 2013 4:23am
Quoting Islander
Apologies that its a cable chart, but I thought you might like to see how I'm using your MAPriceAlert - here the grey line - that triggered in the 07:57 candle. A quick look at the chart and I sold as it fitted all of my criteria - a great trade for ~50 pips with highish gearing..... {image}
Excellent. Thanks for sharing
Those who say it cannot be done should not interrupt those who are doing it
  • #70,108
  • Edited 11:05am Sep 24, 2013 4:30am | Edited 11:05am
Quoting PipTrapper
Here is an MA price cross alert indicator by special request from a thread follower. I figured it may come in handy for anyone who has been looking for such an alerter. Here's what it does... Upon open of current candle, or loading of the indie/change of TF, if previous candle has crossed the Ma line on a close basis , it pops up and sounds an alert with full details about pair, TF and cross direction. Settings are: MaPeriod: This is the number of periods the moving average is based on. UseEma: If set to "true", uses EMA. If not, uses SMA. The...

Here is an updated (enhanced) version of the MA price cross alert indicator by special request from another thread follower.
This one is like the last one, but it also allows you to use a custom sound after the Alert popup.

Here's what it does...

Upon open of current candle, or loading of the indie/change of TF, if previous candle has crossed the Ma line on a close basis , it pops up and sounds an alert with full details about pair, TF and cross direction.

Settings are:
MaPeriod: This is the number of periods the moving average is based on.
UseEma: If set to "true", uses EMA. If not, uses SMA.
WavFile: The custom wav file you want to use (Only type in the file name suffix. Leave out '.wav')

The MA is hard coded to use the close price.
The line style, width and color can be set from the "Color" tab of the indicator properties box.
This indie works on any time frame, but is only active on the time frame to which your chart is currently set.
To monitor multiple time frames simultaneously, you must install the indie on multiple charts set to the time frames you wish to monitor.
You will only be alerted once per candle.
If you wish to monitor multiple MA periods, you may install the indie multiple times on the same chart with different MA settings.
The same applies to the same MA but one set to SMNA and the other to EMA.
If you choose a custom wav file, the file has to exist in the Sounds folder of MT4
Custom wav files will play on the tick following the Alert Popup. In other words it sounds off on the 2nd tick of the new candle.


Plain and simple. Enjoy

Attached File(s)
File Type: ex4 PT-MaPriceAlert-c.ex4   5 KB | 268 downloads
Those who say it cannot be done should not interrupt those who are doing it
  • #70,109
  • Sep 24, 2013 6:09am Sep 24, 2013 6:09am
Quoting PipTrapper
{quote} I made some minor modifications to your chart. I hope you don't mind {image}
ohhh................hahahahhahha......i dont think so...hahahhaa
Bismillah
  • #70,110
  • Sep 24, 2013 6:13am Sep 24, 2013 6:13am
Quoting PipTrapper
{quote} I made some minor modifications to your chart. I hope you don't mind {image}
and i think i already typo on tapering actually it is QE3....tq for ur correction...hehehe
Bismillah
  • #70,111
  • Sep 24, 2013 7:38am Sep 24, 2013 7:38am
Quoting jpadvisor
{quote} this is the chart {image}
I got it! 1.3470 hit.
Tnk you Venzen, you were the only one who trusted this call.
Per aspera ad astra
  • #70,112
  • Sep 24, 2013 7:48am Sep 24, 2013 7:48am
Quoting jpadvisor
E/U short 1,3557 TP 1.3470
Per aspera ad astra
  • #70,113
  • Sep 24, 2013 8:25am Sep 24, 2013 8:25am
Long EURUSD @ 1.3465 and 1st level TP @ 1.3590 & 1.3650 in extension

EURUSD has found support upon its tentative uptrend line.
Cheers!!
  • #70,114
  • Sep 24, 2013 9:50am Sep 24, 2013 9:50am
trying to get into wv5 i/d h4...
  • #70,115
  • Sep 24, 2013 5:09pm Sep 24, 2013 5:09pm
i just had the worst and best luck all-in-one today:

As per my posts yesterday Gold was in a triangle with a projected breakout worth 2000pips to the downside. I woke up to the Asian session this morning just in time to hit the yellow metal short with everything i had. PA overshot the triangle LTL and turned at 1322.20. I took profit and watched PA return inside the triangle again. I figured there was enough RSI headroom for it to retrace to 62% of the thrust so I casually went long (with everything I got) and left my station to get a towel and swimming trunks:

"OK, now check PA has hit TP on that long, enter short and spend the afternoon on the beach".

When I got back to my screen I whimpered as I saw PA had reversed at 50% retrace, had dropped out of the triangle and was heading down hard.

"Oh it's an irregular B wave. Phew! Coming back to 62% just now..."

I spent the rest of the day praying to the Lord thy God and watched in clammy horror as PA worked down to 1,305. By late evening I finally decided to take the knock and put a SL below 1,300. Just now I was awoken by a Price Alert: Gold had retraced the entire traingle thrust and I closed my long at my initial target!

moral of the story: "don't go fetch a towel unless your TP is at 50% retracement"
cryptocurrency everytime
  • #70,116
  • Sep 24, 2013 5:12pm Sep 24, 2013 5:12pm
Quoting venzen
i just had the worst and best luck all-in-one today: As per my posts yesterday Gold was in a triangle with a projected breakout worth 2000pips to the downside. I woke up to the Asian session this morning just in time to hit the yellow metal short with everything i had. PA overshot the triangle LTL and turned at 1322.20. I took profit and watched PA return inside the triangle again. I figured there was enough RSI headroom for it to retrace to 62% of the thrust so I casually went long (with everything I got) and left my station to get a towel and...
haha. Success story. Nice one and congrats. The grim reaper will have to wait
Those who say it cannot be done should not interrupt those who are doing it
  • #70,117
  • Sep 24, 2013 8:56pm Sep 24, 2013 8:56pm
Quoting PipTrapper
{quote} haha. Success story. Nice one and congrats. The grim reaper will have to wait

hi PipTrapper,

These are the off-hand trades I enter that cost me time and money every time. "Oh, I'll just grab some of wave 2 before re-entering for wave 3" becomes: "I'll get fooled by an irregularity in the structure of wave 2 and eventually at the extention of wave 3 of 3 take a massive loss so I can trade a truncated wave 5 for peanuts".

If it wasn't for my casual misconceived entry into some trades - i'd reduce my losses by 80% and spend less time agonizing over losers. This is my self-improvement project.

Thanks PT!
cryptocurrency everytime
  • #70,118
  • Sep 24, 2013 10:07pm Sep 24, 2013 10:07pm
Quoting venzen
{quote} hi PipTrapper, These are the off-hand trades I enter that cost me time and money every time. "Oh, I'll just grab some of wave 2 before re-entering for wave 3" becomes: "I'll get fooled by an irregularity in the structure of wave 2 and eventually at the extention of wave 3 of 3 take a massive loss so I can trade a truncated wave 5 for peanuts". If it wasn't for my casual misconceived entry into some trades - i'd reduce my losses by 80% and spend less time agonizing over losers. This is my self-improvement project. Thanks PT!
so I can trade a truncated wave 5 for peanuts".

join the chorus...i'm singing in it as well....
  • #70,119
  • Sep 24, 2013 10:27pm Sep 24, 2013 10:27pm
Quoting TraderPablo
{quote} so I can trade a truncated wave 5 for peanuts". join the chorus...i'm singing in it as well....

hi Pablo,

Glad to know i'm not alone in this. It always seems to me like everyone is so cautious in their method and manages their risk well. I try, but sometimes - at least once a week - I do something really stupid that just makes me question my suitability for the job!

It comes mainly from my tendency to spot price patterns and then to give PA more and more leeway to make variation on the pattern I think is unfolding. Eventually, when it's clear something else (other than what I expected to see) is happening, the position is so far in loss that I do not want to close it and I start seeing reversal patterns! This is a natual tendency of the mind I think: to see patterns and look for similarities. It's the "seeing what's not there" that trips me up and I have to find a way to check-and-balance this tendency I have. Mostly, it works in my favour and I think there is a degree of both intuition and luck in that. But when a moment of "pattern recognition" turns out to actually be "wish fulfillment" it really puts me in the corner and hammers me for the rest of the round.
cryptocurrency everytime
  • #70,120
  • Edited 11:42pm Sep 24, 2013 11:10pm | Edited 11:42pm
Quoting venzen
{quote} hi Pablo, Glad to know i'm not alone in this. It always seems to me like everyone is so cautious in their method and manages their risk well. I try, but sometimes - at least once a week - I do something really stupid that just makes me question my suitability for the job! It comes mainly from my tendency to spot price patterns and then to give PA more and more leeway to make variation on the pattern I think is unfolding. Eventually, when it's clear something else (other than what I expected to see) is happening, the position is so far in...
i'm not much of an "ellottician" far from it but i count...complicated patterns ( i try not to figure them out it makes my head spin) my guess is that they are mostly wv4 bcs they usually occur after a big move ...(which I missed or liqidated all pos. befor the move) i trade those wv4 whatever ranges with buy/sell into high low ends.....problem here in US is we have this FIFO rule which can mess trading strategies up a bid bcs it brings averages up or down...solution is to have more than one account in order to trade long term and short term...Moreover if I see that a market is heavenly OS or OB on a weekly/daily/4h i have no trouble holding on to trades which are not entered optimal i may even buy/sell more to bring averages up or down in my favor......I/D i like the 1h rsi/stoch combo for possible entries ...combined with previous sell or buy levels (hi-lo chart levels) ...having said that i'm a little to impatient at times (trigger happy) ...and need to be able to reverse positions if warranted...especially when the "trigger-happy" syndrome won over patients to pull the trigger .... just check previous hi/lo levels on chart and see if a trade is warranted...combine it with ur knowledge u may just surprise yourself....ps i only use sl if i feel overexposed....but set tp levels..i get out of the trade if the "pain" becomes unbearable ...
32 traders viewing now