{quote} For me you are one of the best contributors around! Every post is full of 'honey'.too much.
But I'm still a learner. Just trying my best!
A pip is only worth it if you know how much you risked to earn it
- #8,861
- Sep 21, 2014 6:33pm Sep 21, 2014 6:33pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
- #8,864
- Sep 21, 2014 6:42pm Sep 21, 2014 6:42pm
- 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
- #8,865
- Sep 21, 2014 6:44pm Sep 21, 2014 6:44pm
- 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
- #8,866
- Sep 21, 2014 6:46pm Sep 21, 2014 6:46pm
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
{quote} Hey Jay, I decided to take a look. Using purely TZ, I have 3 different TPs based on different tfs : 1.09255, 1.09023, 1.08856. The 1st was from 1H. The last 2 were from 15M. Interestingly, 1H and 15M both had 1.08856 but the 1H was not fully formed. For purely different reasons that I've decided not to reveal here, to do with TZ, I think the target will be 1.08856... but my research isn't 100% yet. I've decided to join your short but set TP for 1.09255 to be conservative. EDIT: Attached chart is 1H view with the 3 prices I mentioned...
- #8,867
- Sep 21, 2014 6:50pm Sep 21, 2014 6:50pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} This would be my target
Unfortunately, I had my wires crossed and I posted a call on Sat which was back-to-front.
Once I saw it, this particular condition (bottom) has always had price return to it unless another condition (more powerful) invalidated it.
There is a bigger one on another timeframe.
A pip is only worth it if you know how much you risked to earn it
{quote} I didn't want to say in case it was your H value. But I had it the same as EurDollar value on the 4H. Wait... that just made me realise something. Just a sec... Found it. 1.06203 in the next 3 months.
As I mentioned earlier, I found this 96% probability opportunity on the 1 H chart, and for me its time for expiry is less than 24 hours
- #8,869
- Sep 21, 2014 6:54pm Sep 21, 2014 6:54pm
{quote} On the 30M that makes complete sense and satisfies the condition I've been observing over the weekend. Unfortunately, I had my wires crossed and I posted a call on Sat which was back-to-front. Once I saw it, this particular condition (bottom) has always had price return to it unless another condition (more powerful) invalidated it. There is a bigger one on another timeframe.
- #8,870
- Sep 21, 2014 7:02pm Sep 21, 2014 7:02pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} Wow no no now you're the one that opened my eyes to the 3 month thing
It's the one that gave Josh and I the same price of 9023. I've amended my TP to this to avoid confusion now and because the condition I mentioned earlier.
The tricky thing about that setup is that there is a TZ above and below each other so the anchor point to do the h count is within bars of each other. Normally I find there's enough gap between to form a sequence of Top/Bottom/Top..etc. Anyway, the h value gives an equivalent of 6 hours from now. I'm not married to this time because I've noticed price can move at h+x. Anyways, not to worried about time precision for the moment.
But about the 3 month thing... well... it's against every fundamental I know that's stating Long on UCAD. Perhaps it's the short on Gold that's affecting the Loony. Anyways. It's bedtime.
Will re-enter again in the morning for EURUSD. Took 8 pips but biased Long for today. Still bear on the monthly - although a non-similarity indicator was triggered Friday that says a reversal is imminent, which I can't ignore. Perhaps this will also affect Dollar.
A pip is only worth it if you know how much you risked to earn it
As I promised here before after testing something I have found I would share with you all... So we don't need any indicators for this just right click and click on the volume, then click your data window and hover over the bars and you will see the volume reading! Now if we see the volume bar 1000+ and it continues in the same direction we will find most of the time it will pull-back to the close of this volume bar! I like to think of an elastic band as a example once price moves with volume and keep going it will eventually spring back! This is...
- #8,874
- Edited 7:52pm Sep 21, 2014 7:22pm | Edited 7:52pm
- | Additional Username | Joined Jul 2012 | 124 Posts
15min now in sync. 1min and 5min remaining and then we have a trend change till till the next syncc.....
all time-frames in sync!!! trend change confirmed. every down now will just be minor retracements. direction is up till next synccc......
Remember everyone that Draghi is speaking later today. Any comments such as "no QE until 2015" could easily send EURUSD up 100+ pips (temporarily at least, long term I believe is still bearish). Draghi could be the catalyst for Jay's seemingly unreachable targets to be hit!
On the other hand, any negative comments from Draghi could send it to 1.2750 this week.
Good luck everyone and trade safe!
On the other hand, any negative comments from Draghi could send it to 1.2750 this week.
Good luck everyone and trade safe!
You reap what you sow.
- #8,879
- Sep 21, 2014 8:11pm Sep 21, 2014 8:11pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
Remember everyone that Draghi is speaking later today. Any comments such as "no QE until 2015" could easily send EURUSD up 100+ pips (temporarily at least, long term I believe is still bearish). Draghi could be the catalyst for Jay's seemingly unreachable targets to be hit! On the other hand, any negative comments from Draghi could send it to 1.2750 this week. Good luck everyone and trade safe!