DislikedA bit of Astro-Renko-Tma eye candy for you before i go to bed.... Just looking for a way to take advantage of these zones. Unfortunately I cant trade now until next tue. doh! will be checking the reactions to these zones each eve though. Thanks Abhay for a most interesting indicator and thankyou for the time you must have spent creating this. {image}Ignored
Astro based Turning Points known in Advance
The GOLD colored bars and followed immediately by RED turning point gave the bounce to EURO (normally not an expected move at this time) but we have been watching this time.
I have a feeling 1 or 2 bars after RED timing point, it may turn down, watching if momentum fades then will SELL for some 20-25 pips move.
I have a feeling 1 or 2 bars after RED timing point, it may turn down, watching if momentum fades then will SELL for some 20-25 pips move.
- #205
- Nov 24, 2015 9:26pm Nov 24, 2015 9:26pm
- Joined Nov 2013 | Status: Trader | 1,094 Posts
The GOLD colored bars and followed immediately by RED turning point gave the bounce to EURO (normally not an expected move at this time) but we have been watching this time. I have a feeling 1 or 2 bars after RED timing point, it may turn down, watching if momentum fades then will SELL for some 20-25 pips move. {image}
Abhay can you explain more how did you predict that ?
So If there GOLD high energy and closer red energy give push in one side in non-important time, then it will be back soon ?
How to read it?
{quote} WoW !! It happened ! After 2 bars it goes down 20 pips ! Abhay can you explain more how did you predict that ? So If there GOLD high energy and closer red energy give push in one side in non-important time, then it will be back soon ? How to read it?
It was slow moving time period without any reason, then turning point looked almost 90% sure and should have happened within 1 or 2 bar accuracy, based on the move I noticed 1.0645-1.0655 was support price, so I expected from 1.0675 it should give a move down of 20-25 pips.
- #207
- Nov 24, 2015 10:00pm Nov 24, 2015 10:00pm
- Joined Nov 2013 | Status: Trader | 1,094 Posts
{quote} The reasoning is that if such strong Turning Points were present and price had sneaked UP from GOLD bar to 1 bar after RED It was slow moving time period without any reason, then turning point looked almost 90% sure and should have happened within 1 or 2 bar accuracy, based on the move I noticed 1.0645-1.0655 was support price, so I expected from 1.0675 it should give a move down of 20-25 pips. {image}
Another question:
Why there wasn't reversal?
Abhay you are great! Please stay with us!
I want to learn from you.
{quote} Aha ok i think i get it this example, thanks
- #209
- Nov 24, 2015 11:15pm Nov 24, 2015 11:15pm
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
- #210
- Nov 24, 2015 11:29pm Nov 24, 2015 11:29pm
- | Joined Apr 2011 | Status: Trader | 1,152 Posts
MMMYYYKKK
- #215
- Nov 25, 2015 4:54am Nov 25, 2015 4:54am
- Joined Nov 2013 | Status: Trader | 1,094 Posts
{image} This was a good one! Small Risk - Great Profit (even though with small money). Thanks abhay. Hope it will give us more such clear indications.
- #219
- Edited 5:44am Nov 25, 2015 5:33am | Edited 5:44am
Very nice move and nice to see EURO react at the turning point.
Now I am watching the next turning point, coming soon for a retrace bounce. *Remember sometimes in can be 1 bar before or even 2 bars after the turning point The price pattern forming will give you some idea.. And don't put all the capital in one trade....
My trend forecast indicates some kind of bottom will soon start forming form late this week into next week...
Now I am watching the next turning point, coming soon for a retrace bounce. *Remember sometimes in can be 1 bar before or even 2 bars after the turning point The price pattern forming will give you some idea.. And don't put all the capital in one trade....
My trend forecast indicates some kind of bottom will soon start forming form late this week into next week...