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  • #601
  • Oct 17, 2014 4:46am Oct 17, 2014 4:46am
Thanks as ever Sive http://www.forexpeacearmy.com/


link
http://www.forexpeacearmy.com/forex-...17-2014-a.html



eur/usd

Currently market will be watch for two major points. What Yellen will say and whether any consequences will follow after Bullard's hints. Second - earning reports of US companies. If they will confirm positives shifts in US economy, then, market will calm down a bit.
Thus, currently we do not see any solid setups across the board and will take a look at EUR again.
YEsterday we said that EUR could show retracement right to K- http://www.forexpeacearmy.com/forex-...lossarlink.gif support area, but it has not completed intraday AB=CD. Right now it seems that EUR will do both targets. Retracement yesterday has happened and as return back was fast - today probably we will see reaching of upside targets.
Still, currency stands at overbought. That's why upside action will be limited and just slightly could exceed recent highs. Probably some small reversal pattern (may be it will be butterfly as it is shown on hourly chart)
will be formed at top, right around AB=CD completion point:
http://images.forexpeacearmy.com/Wee...d_17_10_14.png
http://images.forexpeacearmy.com/Wee...h_17_10_14.png
http://images.forexpeacearmy.com/Wee...h_17_10_14.png
don't predict direction, but dance with flow of water
  • #602
  • Oct 17, 2014 7:22am Oct 17, 2014 7:22am
Quoting priceaction1
Thanks as ever Sive http://www.forexpeacearmy.com/ link http://www.forexpeacearmy.com/forex-...17-2014-a.html eur/usd Currently market will be watch for two major points. What Yellen will say and whether any consequences will follow after Bullard's hints. Second - earning reports of US companies. If they will confirm positives shifts in US economy, then, market will calm down a bit. Thus, currently we do not see any solid setups across the board and will take a look...
thanks for the analysis.

good luck for trade later
  • #603
  • Edited 8:32am Oct 17, 2014 8:20am | Edited 8:32am
Update from my recent setup:

I open a buy CAD/JPY @ 94.70.

Canadian inflation data did rose as expected, with the risk event this Friday finally over, it is now all about technical analysis.

Although it did not touch my buy limit at 94.00, but it did break up yesterday's pinbar high at 94.80, together with confluence from a rising trendline and Dec 2013 - July 2014 trendline breakout (now turning into support), current price action suggests that a bounce has completed.

Targeting 50% - 61.8% of the most recent fall.

Good luck and have a happy weekend
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.png Size: 70 KB
  • #604
  • Oct 18, 2014 1:35am Oct 18, 2014 1:35am
song time weekend

Inserted Video
don't predict direction, but dance with flow of water
  • #605
  • Oct 19, 2014 3:10am Oct 19, 2014 3:10am
@Poh Seng killing zone

https://charts.mql5.com/5/987/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #606
  • Oct 19, 2014 1:21pm Oct 19, 2014 1:21pm
Quoting priceaction1
song time weekend http://www.youtube.com/watch?v=Wyg2bpvdDzM
wow awesome song here another one Ghazal by legendary Ghazal singer Begum Akhtar

Inserted Video
  • #607
  • Oct 22, 2014 8:11pm Oct 22, 2014 8:11pm





Gross Profit:7 580.27Gross Loss:0.21Total Net Profit:7 580.06
Profit Factor:36096.52Expected Payoff:1082.87
Absolute Drawdown:0.21Maximal Drawdown:0.21 (0.00%)Relative Drawdown:0.00% (0.21)

Total Trades:
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
don't predict direction, but dance with flow of water
  • #608
  • Oct 23, 2014 3:04am Oct 23, 2014 3:04am
Quoting priceaction1
Gross Profit:7 580.27Gross Loss:0.21Total Net Profit:7 580.06 Profit Factor:36096.52Expected Payoff:1082.87 Absolute Drawdown:0.21Maximal Drawdown:0.21 (0.00%)Relative Drawdown:0.00% (0.21) Total Trades: {image}
Looks very interesting, are you sharing the recipe or will keep us hungry
Depict history, predict future, and the area in between ...
  • #609
  • Oct 23, 2014 5:28am Oct 23, 2014 5:28am
Well done
  • #610
  • Oct 23, 2014 6:34am Oct 23, 2014 6:34am
Quoting Al-Agha
{quote} Looks very interesting, are you sharing the recipe or will keep us hungry
it is already share, read this thread. and fti thread too.
don't predict direction, but dance with flow of water
  • #611
  • Oct 23, 2014 1:02pm Oct 23, 2014 1:02pm
Quoting priceaction1
{quote} it is already share, read this thread. and fti thread too.
Thanks, but I couldn't reach the EA file, where is it pls guide me there
Depict history, predict future, and the area in between ...
  • #612
  • Oct 23, 2014 1:16pm Oct 23, 2014 1:16pm
Quoting Al-Agha
{quote} Thanks, but I couldn't reach the EA file, where is it pls guide me there
EA no, there is no EA used for trading, even very less indicators cci 14 can be used some time with pivot point. most of the time I use to see only candle stick charts.
don't predict direction, but dance with flow of water
  • #613
  • Oct 24, 2014 1:18am Oct 24, 2014 1:18am
Quoting priceaction1
{quote} EA no, there is no EA used for trading, even very less indicators cci 14 can be used some time with pivot point. most of the time I use to see only candle stick charts.
Ok thanks you I got it
Depict history, predict future, and the area in between ...
  • #614
  • Oct 24, 2014 5:37am Oct 24, 2014 5:37am
Quoting priceaction1
@Poh Seng killing zone {image}

Can you explain what is Poh Seng killing zone and how you calculate it. Thanx
  • #615
  • Oct 24, 2014 6:00am Oct 24, 2014 6:00am
Quoting juisen25
{quote} Can you explain what is Poh Seng killing zone and how you calculate it. Thanx
POH seng is the name of person who also ask about killing zone!!!!! ok some called it range bound area, I called it killing zone bcz lot of killing is carried out in these zone. just open 30M chart of eur/usd and draw horizontal lines at 1.2663 and 1.2636. you will see a present killing zone in euro.

I just narrow escape with my long @ 1.2650 she test 1.2640 !!!!but as soon she become at my BE level I close my trade. it was high leverage trade 1:888 2 lots. https://charts.mql5.com/6/39/eurusdm...g-point-of.png
don't predict direction, but dance with flow of water
  • #616
  • Oct 25, 2014 12:00am Oct 25, 2014 12:00am
though I made 75% profit using this killing zone. almost 12 lots trade ​
don't predict direction, but dance with flow of water
  • #617
  • Oct 25, 2014 7:34am Oct 25, 2014 7:34am
but how did pohseng find this Killing zones?? really awesome
  • #618
  • Oct 25, 2014 11:00am Oct 25, 2014 11:00am
Quoting piplover143
but how did pohseng find this Killing zones?? really awesome
this was e-mail from Poh.
Poh SengTo
Me
Oct 18
Hello Priceaction;

Thank you for sharing your journal at Forexfactory. I would like to ask what is time windows expired you mentioned in Post 111,http://www.forexfactory.com/showthre...=484850&page=6.

What is killing zone in post 138? http://www.forexfactory.com/showthre...=484850&page=7

Thank you so much for your help.


he find these in my post, read from post NO1 you will find more things. the original idea of killing zone is not my own, there is thread about this topic here at FF.credit goes to that person.
don't predict direction, but dance with flow of water
  • #619
  • Oct 25, 2014 11:16am Oct 25, 2014 11:16am
more about killing zone.
when price brake any boundary of killing zone ,than old boundary become new support/resistance. As we see in eur/usd. 1.2663 is now behaving like a support area.

https://charts.mql5.com/6/47/eurusd-...g-point-of.png
don't predict direction, but dance with flow of water
  • #620
  • Oct 25, 2014 12:26pm Oct 25, 2014 12:26pm
If some one remember my post NO 77 about CABLE cup and handle formation and possible short area , now price at cross road on weekly charts. we can see 1.67** in cable in coming next few weeks. close bellow 1.5900 area on weekly base is game changer.
Attached Image (click to enlarge)
Click to Enlarge Name: cablewekly.jpg Size: 187 KB
don't predict direction, but dance with flow of water
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