"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
Trade What You See - Almost Naked Trading
- #19,141
- Aug 18, 2016 7:54pm Aug 18, 2016 7:54pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
- #19,142
- Aug 18, 2016 7:56pm Aug 18, 2016 7:56pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,143
- Aug 18, 2016 8:06pm Aug 18, 2016 8:06pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,144
- Aug 18, 2016 8:11pm Aug 18, 2016 8:11pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,145
- Aug 18, 2016 8:15pm Aug 18, 2016 8:15pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,146
- Aug 18, 2016 8:17pm Aug 18, 2016 8:17pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,147
- Edited 9:42pm Aug 18, 2016 8:25pm | Edited 9:42pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,148
- Edited 12:38pm Aug 21, 2016 4:35am | Edited 12:38pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
Now reviewing all 28 Pairs using Oanda Demo Account with H1.
Please note the upper right RSI indicators - specifically when H1, H4 and D1 RSIs are the same direction while the trend is reversing near the term Fibonacci Trading Zones - there seems to be an excellent correlation here - I have placed a EA to take TP-40 and SL-20, but adjustable as needed.
Oanda Non-5 Day NY Close Demo using LG21's "H1 C4 BO" method - need 4 Candles touching trend line (TL) with RSI-3-day showing H1,H4 and D1 in same direction:
FxChoice 5-Day NY Close Demo using LG21's "3 Tap BO H4" with 3 Candles tapping TL with RSI-3-day requiring H4 and D1 in same direction ( H4 is more accurate thus needing less Candles). And, I start with a SL-40 and TP-80 with an Expert EA:
Please note the upper right RSI indicators - specifically when H1, H4 and D1 RSIs are the same direction while the trend is reversing near the term Fibonacci Trading Zones - there seems to be an excellent correlation here - I have placed a EA to take TP-40 and SL-20, but adjustable as needed.
Oanda Non-5 Day NY Close Demo using LG21's "H1 C4 BO" method - need 4 Candles touching trend line (TL) with RSI-3-day showing H1,H4 and D1 in same direction:
FxChoice 5-Day NY Close Demo using LG21's "3 Tap BO H4" with 3 Candles tapping TL with RSI-3-day requiring H4 and D1 in same direction ( H4 is more accurate thus needing less Candles). And, I start with a SL-40 and TP-80 with an Expert EA:
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,149
- Edited 3:21pm Aug 21, 2016 4:44am | Edited 3:21pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
H1 and D1 on H1 TF not matching up or down c/w with Consolidation Trend before any BO. I will wait for a Continuation or Retracement with 4 Candle touching the trend line - note the Bullish Candles only Touch the upward TL twice - we need to wait as well for 4 Candle Taps or Touches if going Bullish - see Post#1 for the "H1 4C BO" method:
FXMC Demo - 3 Tap BO H4:
FXMC Demo - 3 Tap BO H4:
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,150
- Edited 1:02pm Aug 21, 2016 5:17am | Edited 1:02pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
Note: These two do not match as far as trend. However, I am comparing 3 variable now with: 1. a different Brokers on MT4; 2. different GMTs leading to Non-NY Close vs. NY Close Broker; and 3. different TFs.
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,151
- Edited 3:10pm Aug 21, 2016 5:24am | Edited 3:10pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
Note we are going beyond Buy or Bull Zone on Fib going towards the lower level near July 18th 2016 - zoom out further to see this:
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,152
- Edited 3:26pm Aug 21, 2016 5:35am | Edited 3:26pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
Mixed signals in Chart - I need to wait while the Bears and Bulls fight for control i.e. weakly Bullish now - possible Reversal Retrace before Reversal Pull-back with new upward Trend leaving the Buyers (Bulls) Buying Zone - wait for 4 Candles H1 4C BO:
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,153
- Edited 3:31pm Aug 21, 2016 5:52am | Edited 3:31pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
Looks very Bearish to me here - the ears have already past Fib 50% as well !
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,154
- Edited 3:38pm Aug 21, 2016 6:02am | Edited 3:38pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,155
- Edited 3:43pm Aug 21, 2016 6:31am | Edited 3:43pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,156
- Edited 3:51pm Aug 21, 2016 6:37am | Edited 3:51pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,157
- Edited 3:58pm Aug 21, 2016 6:41am | Edited 3:58pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,158
- Edited 4:01pm Aug 21, 2016 6:45am | Edited 4:01pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
Waiting to go Short:
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,159
- Aug 21, 2016 6:51am Aug 21, 2016 6:51am
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
I will wait here as well:
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #19,160
- Aug 21, 2016 7:00am Aug 21, 2016 7:00am
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647