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  • #1,074,401
  • Aug 24, 2016 1:38pm Aug 24, 2016 1:38pm
Dear Uturn ,
your Renko charts are most interesting. You have a programm or you find them free in a site ... ???
If you can post them more often , also hourly and daily .

Do you have an above average success using them ...???

Regards,

F.G.
  • #1,074,402
  • Aug 24, 2016 1:40pm Aug 24, 2016 1:40pm
Quoting OnlineAddict
{quote} So you think we will go either up or down...

Hard to say I think it has more potential to go up. But I'm a day trader so on the long term I do not predict the price. I just opened a small long I will see if it reaches my profit target.
  • #1,074,403
  • Aug 24, 2016 1:49pm Aug 24, 2016 1:49pm
Quoting Techanalyst
Looks like will reach to the previous accumulation area around 1.1130. If not it will go back up to the previous distribution area 1.1318 around that area or above. But we will see tomorrow. {image}

I have the same points of its area of distribution, but with a different analysis.
profit on top of the latest consolidation and the pivot of the last wave

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Together we can be strongest
Vantage Return This Month: na
  • #1,074,404
  • Edited 2:05pm Aug 24, 2016 1:50pm | Edited 2:05pm
Quoting Techanalyst
{quote} Hard to say I think it has more potential to go up. But I'm a day trader so on the long term I do not predict the price. I just opened a small long I will see if it reaches my profit target.
I was also thinking about a long few moments ago at 1260, but still waiting...I want to enter a bit lower, if possible, ideally around 1250. But I am still short biased, looking at 1215 minimum and soon...so I am careful and will enter with a tight SL.

EDIT: 1260 might be the only thing I get...I am in. Very small SL of a few pips.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,405
  • Aug 24, 2016 1:50pm Aug 24, 2016 1:50pm
Quoting Uturn2
{quote} They are modified Hull MAs. I modified the ProRealTime code on IT Finance charts, but don't have anything for mt4. I will post a chart with Hull MAs. I reckon they should be coded mt4. I could help you modify the mt4 Hull code. mt4 doesn't have EndPointAverage. Replace it with Tema, [Tema: Triple Exponential MA] Cheers, U2 Code: //U_Ultimate P1=8 UU1=WeightedAverage[round(sqrt(P1))](2*EndPointAverage[round(P1/2)](close)-EndPointAverage[P1](close)) UU2=TriangularAverage[round(sqrt(P1))](2*EndPointAverage[round(P1/2)](close)-EndPointAverage[P1](close))...
Ah yes ofcourse....the Hull ma's ....mhhh I tried to program them in mt4 but unfortunately I failed... because I did not get the good formula's for the different Averages, So I gave up....

I also tried to search for an mt4 indicator but also not found

But yes this looks nice....Actually I wanted to put this also into my market interpretation for the daily analyse
You can manage risk, but you can't manage the return
  • #1,074,406
  • Aug 24, 2016 1:56pm Aug 24, 2016 1:56pm
Modified Hull MAs with Tema instead of EndPointAverage:
Cheers,U2
Attached Image (click to enlarge)
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Wait, or you will be slaughtered!
  • #1,074,407
  • Aug 24, 2016 2:17pm Aug 24, 2016 2:17pm
Quoting mej504
Short at 1.132. SL 1.134 TP 1.123 (61.8 fib from Brexit drop) Dipping below overbought on 4H and daily. Looks like a lower high on 4H after testing channel high last week. This, compounded by strong home sales report.
Closed at 1.126 as soon as I woke up this morning. Was fine with taking 60 pips. Dropped a little closer toward my target, but I'm not fretting it.

Lost 20 pips trying to catch a bottom near a downward channel on the 4H. Entered again at 1.125.

Long at 1.125
TP at 1.129 (23.6% fib handle from 2014 high to 2015 low)
Tight stop loss at 1.124. Will look to bump it up to BE as soon as I see another move upward.

Attached Image (click to enlarge)
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  • #1,074,408
  • Aug 24, 2016 2:20pm Aug 24, 2016 2:20pm
Quoting HappyMe
{quote} Hi, No we where/are thinking in the same direction... just before you posted this I updatet my view with this: http://www.forexfactory.com/showthre...18#post9098718
Good to know that
in your opinion how deep market will go to south? I am still not sure, are we near the end of that correction, or it just a beginning...:nerd:
(It's not an advise, use your own head..)
  • #1,074,409
  • Aug 24, 2016 2:24pm Aug 24, 2016 2:24pm
Hi HM,
Take a look at this video!
3:10 Don't know how he coded his Hull Moving Average so tight and smooth.
There is also an even tighter blue one.

Inserted Video
Wait, or you will be slaughtered!
  • #1,074,410
  • Edited 2:53pm Aug 24, 2016 2:38pm | Edited 2:53pm
Quoting pytaz
{quote} Good to know that in your opinion how deep market will go to south? I am still not sure, are we near the end of that correction, or it just a beginning...:nerd:
Well I think we saw the count as I showed here http://www.forexfactory.com/showthre...31#post9100131

From here I first see a move upwards to +/- 1,1270-80

From marketRhythm view (4H-chart) there are different targets:
sma89 around 1,1211
ema365 around 1,1178
ema200 around 1,1134

If I compare this with the HEW projections (see screenshot) I think they all can be valid (except the 1.1211, this is already above the coming wave iii). For a better pinpoint I need the coming waves....

After all this I see the last move up ending somewhere between 1,1366 and 1,1616...

And what about your view?
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You can manage risk, but you can't manage the return
  • #1,074,411
  • Aug 24, 2016 2:44pm Aug 24, 2016 2:44pm
Quoting Uturn2
Hi HM, Take a look at this video! 3:10 Don't know how he coded his Hull Moving Average so tight and smooth. There is also an even tighter blue one. https://www.youtube.com/watch?v=O2PKyR8nmm0
Thanks I hope this evening I have some time to watch this!
You can manage risk, but you can't manage the return
  • #1,074,412
  • Aug 24, 2016 3:25pm Aug 24, 2016 3:25pm
Quoting HappyMe
{quote} And what about your view? {image}
still cann't accept (for now) that (black IV) is over, and was so short and quick...


at the moment i think that market just forming wave A like in other pic..

who knows.. soon we gonna see was that the end of Black IV today, or just a beginning of big correction.
gl
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(It's not an advise, use your own head..)
  • #1,074,413
  • Edited 3:55pm Aug 24, 2016 3:43pm | Edited 3:55pm
Quoting pytaz
{quote} still cann't accept (for now) that (black IV) is over, and was so short and quick... at the moment i think that market just forming wave A like in other pic.. who knows.. soon we gonna see was that the end of Black IV today, or just a beginning of big correction. gl {image} {image}
Then I count it's a bigger direction..... The new Daily Pivot is maybe around 1,1274 (maybe: because the new session isn't started jet....) if so then this could a resistance. if that could hold around here you have maybe a confirmation. For me it is definitely a confirmation for my count/direction for the next session.

edit: 1,1281 is the weekly Pivot is also a restance in that area that could have influence the pair
You can manage risk, but you can't manage the return
  • #1,074,414
  • Edited 4:28pm Aug 24, 2016 4:03pm | Edited 4:28pm
Its not too late to jump on the bandwagon of selling the Eurousd.. im in! Look at those nice bearish daily candles

Exactly how far it goes down, anybodies guess. Hopefully a good few hundred pips..

The carry trade +ve swap is particularly nice...!
  • #1,074,415
  • Aug 24, 2016 4:35pm Aug 24, 2016 4:35pm
Quoting HappyMe
{quote} Then I count it's a bigger direction..... The new Daily Pivot is maybe around 1,1274 (maybe: because the new session isn't started jet....) if so then this could a resistance. if that could hold around here you have maybe a confirmation. For me it is definitely a confirmation for my count/direction for the next session. edit: 1,1281 is the weekly Pivot is also a restance in that area that could have influence the pair
1271 is the price the market couldn't break on the way up...thats all that matters. So unless we stay below, this will keep falling hard...but if broken...it may go higher than just 1281.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,416
  • Aug 24, 2016 4:39pm Aug 24, 2016 4:39pm
Quoting HappyMe
{quote} Then I count it's a bigger direction..... The new Daily Pivot is maybe around 1,1274 (maybe: because the new session isn't started jet....) if so then this could a resistance. if that could hold around here you have maybe a confirmation. For me it is definitely a confirmation for my count/direction for the next session. edit: 1,1281 is the weekly Pivot is also a restance in that area that could have influence the pair
If market hits today's low 1.1244, for me it will be as confirmation, that A wave is still on..
Got the feeling that we will see that
(It's not an advise, use your own head..)
  • #1,074,417
  • Aug 24, 2016 6:35pm Aug 24, 2016 6:35pm
Quoting pytaz
{quote} If market hits today's low 1.1244, for me it will be as confirmation, that A wave is still on.. Got the feeling that we will see that
I am leaning towards testing the low of the day.. may even a couple of pips blow for the boost up ward again..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,418
  • Aug 24, 2016 7:07pm Aug 24, 2016 7:07pm
Quoting baherhosni
{quote} I am leaning towards testing the low of the day.. may even a couple of pips blow for the boost up ward again..
Well, we are still testing it...but the low in this case is 1260...and it doesn't want to break...lets see if 1271 holds, if not, I will keep my long open.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,419
  • Aug 24, 2016 9:49pm Aug 24, 2016 9:49pm
Support at 1.1260, resistance at 1.1270. If it breaks below 1260 i will see, if it breaks above 1270 i will buy.
  • #1,074,420
  • Aug 24, 2016 9:58pm Aug 24, 2016 9:58pm
Quoting Techanalyst
Support at 1.1260, resistance at 1.1270. If it breaks below 1260 i will see, if it breaks above 1270 i will buy.
I'm in the same mood, and I also think that a wave is being completed, so I'd like more the buy alternative.
A good strategy for trading is... the opposite of having a bad strategy.
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