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  • #904,101
  • Jun 11, 2014 8:45am Jun 11, 2014 8:45am
Quoting RussJ
{quote} also it didn't break the rectangle formation... I call it the mess on the chart.... rectangle break suggests 1.3486 so your 135 will be gone without a shadow of doubt once we come out of the rectangle to the downside.... If we don't pullback too 1.3530 off 1.3504 then we should pullback off 1.3486... obviously I'm hoping the former 1.3505 pulls back as per fractal... and to fill the resistance... some people if it misses and goes down to say 1.3486 expect the pullback because a vacuum.... others can read fractals and map the price... and...
I like the way you think. Let's see how it plays out

By the way, do you have any articles or forum threads that talks about this fractal formations? I'm interested.. Thank you for sharing!
Focus, Patience, Determination & Order in chaos
  • #904,102
  • Jun 11, 2014 8:46am Jun 11, 2014 8:46am
Quoting saver0
{quote} This is what I'm seeing in the weekly chart. The uptrend is still on. And looking at that long leg (orange line), I think it extending even lower breaking the trend line like in #2 is lower in probability than it going up at least a bit like in #1. My only aim is to catch about 30-50 pips up from where we are at now Then have to read what the chart says at that point. Anything is possible in the world of forex so we will just have to wait and see... {image}

Saver here's the failure for you
And now I'm break even having got in at 1.3555 as don't expect price to come back and take out the 15 minute wick, if it does then it would break the rectangle to the upside and I would end up with another break even and I would take the re test of the rectangle and the fractal also suggests the long would be 57 off 87/92 but as I said I expect short as per the failure to break the rectangle to the upside
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  • #904,103
  • Jun 11, 2014 8:53am Jun 11, 2014 8:53am
Quoting saver0
{quote} I like the way you think. Let's see how it plays out By the way, do you have any articles or forum threads that talks about this fractal formations? I'm interested.. Thank you for sharing!

no one teaches or shares Fractals, I had a mentor when i first began and they were teaching trader pyshcology I couldn't trade, how can you teach someone trader psychology when their not ready lol

i know some trading rooms as well selling you the EMA ideas but the person running that school i can assure you is likely looking at naked charts and reading the fractal but I'm not saying the ema doesn;t work... most of those looking at naked charts may also have other charts with everything on for overlay so they can have overlap but generally the fractal works

Not sure why but anyone who teaches doesnt give away the fractals if they can read them.

I've taught 2 people who now work at a fund...I did teach them the fractals but it took them a while...set up a plan for them dependent on where they were as traders but its not the usual thing out there that is taught to traders

Fractals is when it hits a spot on 1 time frame you know exactly where it is supposed to go too by the time frame and which part of the candle it hit etc.. don't think you will find anything over the internet either as people have checked previously
  • #904,104
  • Jun 11, 2014 8:59am Jun 11, 2014 8:59am
Quoting RussJ
{quote} also it didn't break the rectangle formation... I call it the mess on the chart.... rectangle break suggests 1.3486 so your 135 will be gone without a shadow of doubt once we come out of the rectangle to the downside.... If we don't pullback too 1.3530 off 1.3504 then we should pullback off 1.3486... obviously I'm hoping the former 1.3505 pulls back as per fractal... and to fill the resistance... some people if it misses and goes down to say 1.3486 expect the pullback because a vacuum.... others can read fractals and map the price... and...
Hi Russ, which time frame do you watch the stock cycles?
Just my 2 cents worth
  • #904,105
  • Jun 11, 2014 9:09am Jun 11, 2014 9:09am
Quoting Guy Mann
{quote} Hi Russ, which time frame do you watch the stock cycles?

I use them on all timeframes but don't use stoch cycles for my decisions

I base my decisions and plans on Fractals where price is supposed to go..... as the markets run in a cycle/a fractal of another larger time frame etc

but stochastics give me an indication .. for example.. yesterday I had 2 break evens both entered at 39.. I didnt enter a 3rd time as daily stochastic was on the very brink of turning south so it kept me out... I didn;t make decisions on the stochastic but it helped keep me out of a trade

It was not favourable, and it didn't take off and had 2 attempts so a 3rd was likely to break
  • #904,106
  • Jun 11, 2014 9:15am Jun 11, 2014 9:15am
if range for the day is to be broken I suspect we do it in next 45 mins. otherwise it will again try to reach today's high
  • #904,107
  • Jun 11, 2014 9:16am Jun 11, 2014 9:16am
Enjoy your last selling day on the euro today, shorts. We could very well see euro going up right into todays asian session.
  • #904,108
  • Jun 11, 2014 9:17am Jun 11, 2014 9:17am
Quoting RussJ
{quote} Saver here's the failure for you And now I'm break even having got in at 1.3555 as don't expect price to come back and take out the 15 minute wick, if it does then it would break the rectangle to the upside and I would end up with another break even and I would take the re test of the rectangle and the fractal also suggests the long would be 57 off 87/92 but as I said I expect short as per the failure to break the rectangle to the upside {image}
Here is my analysis and a bit of a different interpretation. I trade from the M30 and H4 charts. I'm not going to pull up my actual trading charts with all the indicators since they will confuse many people.. But here is the interesting setup based on trend lines. I'm not denying that the price could fall even lower. What they are showing me is that the speed of falling rate has slowed down and we have arrived at a decision points. Based on numbers, we have arrived at a major price zone where price generally gets stuck at. So when at a place like this, I look at my indicators to tell me what's possible. Currently a bit of downside is possible but the possibility of this going even further down is low before making a bit of a retracement. Anyways, it's just my opinion.. hehe price is shooting down already so lets see where it lands. I might be wrong on this trade.. never know. Thanks for sharing your analysis!
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  • #904,109
  • Jun 11, 2014 9:17am Jun 11, 2014 9:17am
Short until 1.3100 & 1.2500.

It would be cool if you could buy more, 61% FF long is not enough, load more guys; i know you will do it. I need your money for holidays
Make money by doing the opposite of Giveachance aka loser
  • #904,110
  • Jun 11, 2014 9:19am Jun 11, 2014 9:19am
Quoting nessus94
Short until 1.3100 & 1.2500. It would be cool if you could buy more, 61% FF long is not enough, load more guys; i know you will do it. I need your money for holidays
if we break 3489 today your shorts are good.
  • #904,111
  • Jun 11, 2014 9:23am Jun 11, 2014 9:23am
An important level to watch on EURUSD is the 1.35 handle! If price breaks it to the down side we could see it going as far as 1.3476 or even 1.34 handle.
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  • #904,112
  • Jun 11, 2014 9:23am Jun 11, 2014 9:23am
Negative rate of interest means, smart hot money will be outside EURO... which means EURO will be devalued automatically against all currencies.

EUR/CHF pair will be interesting as well with SNB floor of 1.2
  • #904,113
  • Jun 11, 2014 9:23am Jun 11, 2014 9:23am
Quoting emmalee25
Enjoy your last selling day on the euro today, shorts. We could very well see euro going up right into todays asian session.

I agree technically as 1.3500/1.3480 region is strong support.

But we have seen stron support /resistance broken too ? I heard bigger boys are happy to break those zones and blow away retailers a/c .
Intraday only.
  • #904,114
  • Jun 11, 2014 9:26am Jun 11, 2014 9:26am
Quoting giveachance
{quote} if we break 3489 today your shorts are good.
I have no hope for another 40 pips move down.

I so want to reload above 1.3800 for a strong move down.

If we can go up there, i may go all in!
Make money by doing the opposite of Giveachance aka loser
  • #904,115
  • Jun 11, 2014 9:28am Jun 11, 2014 9:28am
will have a chance to get short now for 50 pips... said 27 should pull it back too 43 that's not fractal but just eyeballing it as that's what my plan was earlier but pulled at 55 after watching it fail etc
  • #904,116
  • Jun 11, 2014 9:28am Jun 11, 2014 9:28am
Quoting nessus94
{quote} I have no hope for another 40 pips move down. I so want to reload above 1.3800 for a strong move down. If we can go up there, i may go all in!
I also hope for this!
Cheers!!
  • #904,117
  • Jun 11, 2014 9:31am Jun 11, 2014 9:31am
1.3800? I seriously doubt we get back there any time soon.
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  • #904,118
  • Jun 11, 2014 9:36am Jun 11, 2014 9:36am
EURUSD
The only level that matters to me is 1.3500 invalidation point for bullish patterns. If this one gets broken then next target is 1.3390 target for double top daily chart (posted here) http://www.forexfactory.com/showthre...02#post7492902. If the bullish patterns still work then 1.3750 is my target.
Cheers.
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  • #904,119
  • Jun 11, 2014 9:38am Jun 11, 2014 9:38am
Quoting nessus94
{quote} I have no hope for another 40 pips move down. I so want to reload above 1.3800 for a strong move down. If we can go up there, i may go all in!
if it goes to 1.38 it s likely to go higher >1.40
  • #904,120
  • Jun 11, 2014 9:47am Jun 11, 2014 9:47am
Quoting Fx-gtg
{quote} if it goes to 1.38 it s likely to go higher >1.40
Maybe, but going all the way down without a serious retrace to clear all weak shorts ? It won't be a strong move down if it happens
Make money by doing the opposite of Giveachance aka loser
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