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EURUSD - Financial Instrument Analyzer

  • #41
  • Edited 11:11am May 12, 2015 4:26am | Edited 11:11am
Tuesday May 12, 2015
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Click to Enlarge Name: Financial Instrument Analyzer - EURUSD (12-05-2015) (8).PNG Size: 18 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #42
  • Edited 5:18am May 12, 2015 4:42am | Edited 5:18am
Chart #1 Post #41 above

On the 8 Hour, the application indicates that we have a Low and the market is Long above the Long level @1.11473 with a Retracement level @1.12377.

We have a trade setup on the 8 Hour which reads as follows:

(1) Long entry at or near the Retracement level @1.12377 (i.e. Short level),


(2) Stop Loss we have 2 options (i) slightly below the Long level @1.11473 or (ii) slightly below the candlestick Low @1.11540. Option (ii) is preferred,


(3) Take Profit is at or near the Short level @1.12942 on the 4 Hour timeframe.


Assuming a Long entry @1.12377 with a Stop Loss @1.11540 and a Take Profit @1.12942 your RRR is approx. 1.5:1. (Risk 1.5 times Reward).

On the Day, the market is Long above the Long level @1.11681 with a Retracement level @1.12602.

We have a trade setup on the Day which reads as follows:

(1) Long entry between the Retracement level @1.12602 and the Long level @1.11681,


(2) Stop Loss we have 2 options (i) slightly below the Long level @1.11681 or (ii) slightly below the candlestick Low @1.11540. Option (ii) is preferred,


(3) Take Profit is at or near the Short level @1.16039 on the Week.


Assuming a Long entry @1.12602 with a Stop Loss @1.11540 and a Take Profit @1.16039 your RRR is approx. 1:3 (Reward 3 times Risk).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #43
  • Edited 7:29am May 12, 2015 7:05am | Edited 7:29am
Chart #2 Post #41 above is an intraday chart

We have no market direction on the 2 Hour, 4 Hour and 8 Hour timeframes.

The Day remains Long as per Post #42. The target for the Day is now the Long level @1.3063 on the 8 Hour timeframe.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #44
  • May 12, 2015 7:22am May 12, 2015 7:22am
Quoting jackeollio
Chart #2 Post #41 above is an intraday chart
We have a shorting opportunity now, short at 1.13063, stop loss above 1.13162 target Long on the Day at 1.11681
  • #45
  • May 12, 2015 7:25am May 12, 2015 7:25am
Quoting airmac
{quote} We have a shorting opportunity now, short at 1.13063, stop loss above 1.13162 target Long on the Day at 1.11681
On which timeframe do you see that trade setup.

For the moment, there is no market direction (see Post #43 above).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #46
  • May 12, 2015 7:34am May 12, 2015 7:34am
The target for the Day, which remains Long above 1.11681, has now been lowered to the Long level @1.13063 on the 8 Hour timeframe.

Also note that the Day is in it's Neutral zone between the Short level @1.12602 and the Long level @1.11681.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #47
  • May 12, 2015 7:35am May 12, 2015 7:35am
Quoting jackeollio
{quote} On which timeframe do you see that trade setup. For the moment, there is no market direction (see Post #43 above).
chart nr. 2, H8 is short.
  • #48
  • May 12, 2015 7:39am May 12, 2015 7:39am
Quoting airmac
{quote} chart nr. 2, H8 is short.
You can see on the 2 Hour timeframe that the market is Bearish (not Short) below the Long level @1.12650 towards Demand @1.12214.

Similarly, the 8 Hour is Bearish (not Short) below the Long level @1.13063 towards Demand which for now is an unknown quantity.

Very good, I think we're making significant progress!

Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #49
  • May 12, 2015 7:42am May 12, 2015 7:42am
Quoting jackeollio
Chart #2 Post #41 above is an intraday chart We have no market direction on the 2 Hour, 4 Hour and 8 Hour timeframes. The Day remains Long as per Post #42. The target for the Day is now the Long level @1.3063 on the 8 Hour timeframe.
Chart #2 Post #41 Market is Short on H8.
  • #50
  • May 12, 2015 7:44am May 12, 2015 7:44am
Quoting airmac
{quote} Chart #2 Post #41 Market is Short on H8.
see my Post #48

On the 8 Hour, the market is Bearish, not Short.

On any given timeframe, the market is Short if and only if the application indicates "Short".

The same goes for a Long market. The market is Long if and only if the application indicates "Long".
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #51
  • May 12, 2015 7:51am May 12, 2015 7:51am
There has been no change for now.

I will be posting the next chart as soon as there is any change to the intraday timeframes.

For now, the market remains Bearish (not short) below the 2 Hour Long level @1.12650.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #52
  • May 12, 2015 7:51am May 12, 2015 7:51am
Quoting jackeollio
{quote} see my Post #48 On the 8 Hour, the market is Bearish, not Short. On any given timeframe, the market is Short if and only if the application indicates "Short". The same goes for a Long market. The market is Long if and only if the application indicates "Long".
of course I must complicate things hehe : )
  • #53
  • May 12, 2015 7:52am May 12, 2015 7:52am
Quoting airmac
{quote} of course I must complicate things hehe : )

No problem. Do not hesitate to post your questions any time all the time!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #54
  • May 12, 2015 9:13am May 12, 2015 9:13am
Chart #3 Post #41 is an intraday chart

There is no market direction on the 2 Hour, 4 Hour and 8 Hour timeframe.

The Day remains Long above the Long level @1.11681. Please review the trade setup in Post #42 above.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #55
  • May 12, 2015 11:18am May 12, 2015 11:18am
Chart #4 Post #41 above is an intraday chart

There is no market direction on the 2 Hour, 4 Hour and 8 Hour timeframe.

The Day remains Long above the Long level 1.11681 the revised target is the Long level @1.13063 on the 8 Hour timeframe.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #56
  • Edited 7:25am May 13, 2015 5:05am | Edited 7:25am
Wednesday May 13, 2015
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Click to Enlarge Name: Financial Instrument Analyzer - EURUSD (13-05-2015) (2).PNG Size: 19 KB
Attached Image
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #57
  • May 13, 2015 5:13am May 13, 2015 5:13am
Quoting jackeollio
Wednesday May 13, 2015 {image}
hm Day is establishing high, interesting, for now I think we have a short on H4 at/close to 1.12509 with a target Long on H8 1.1893, stop loss above Supply on H8, 1.12790. Good risk to reward. Some support at Long on H2 at 1.12069 also might consider as target.
  • #58
  • Edited 5:50am May 13, 2015 5:22am | Edited 5:50am
Quoting airmac
{quote} hm Day is establishing high, interesting, for now I think we have a short on H4 at/close to 1.12509 with a target Long on H8 1.1893, stop loss above Supply on H8, 1.12790. Good risk to reward. Some support at Long on H2 at 1.12069 also might consider as target.
We are Short on H4, your entry is at or near the Retracement level @1.12509 with Stop Loss slightly above or at the Short level @1.12592 and Take Profit is the Short level @1.12041 on the 8 Hour timeframe.

Assuming a Short entry @1.12509 with a Stop Loss @1.12592 and Take Profit @1.12041 your RRR is approx. 1:5 (Reward 5 times Risk).

You are right to point out the 2 Hour timeframe.

It is very important to notice that we have 2 consecutive timeframes having opposite direction.

This is called an "Active Consolidation Zone" where the market is Long above the Short level @1.12210 on the 2 Hour and Short below the Long level @1.12509 on the 4 Hour. While in this configuration, the market remains trapped between these 2 levels.

So your adjusted Take Profit target on your Short trade, must be considered no lower than the Short level @1.12210 on the 2 Hour. Now considering your revised target, your new RRR is approx. 1:3 (Reward 3 times Risk)
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #59
  • May 13, 2015 5:56am May 13, 2015 5:56am
Following Post #58, in an "Active Consolidation Zone" you can open both Long and/or Short trades.

In the case of my previous post we only considered the Short trade based on the direction on the 4 Hour timeframe.

However in this configuration, you can also consider a Long trade from the 2 Hour Short level to the 4 Hour Long level.

Your trade based on the market direction on the 2 Hour timeframe would read as follows:

Assuming a Long entry @1.12210 with a Stop Loss @1.12069 and a Take Profit @1.12509 your RRR is approx. 1:2 (Reward 2 times Risk).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #60
  • May 13, 2015 6:05am May 13, 2015 6:05am
Quoting jackeollio
Following Post #58, in an "Active Consolidation Zone" you can open both Long and/or Short trades. In the case of my previous post we only considered the Short trade based on the direction on the 4 Hour timeframe. However in this configuration, you can also consider a Long trade from the 2 Hour Short level to the 4 Hour Long level. Your trade based on the market direction on the 2 Hour timeframe would read as follows: Assuming a Long entry @1.12210 with a Stop Loss @1.12069 and a Take Profit @1.12509 your RRR is approx. 1:2 (Reward 2 times Risk)....
that's a new one. So a long trade on H2 is because we are establishing low?
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