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How to predict markets, Catch the moves at value

  • #1,181
  • Oct 5, 2016 11:29am Oct 5, 2016 11:29am
Go back on the Thread about market Cycle Dow Theory UJ chart Below Monthly Bars
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  • #1,182
  • Oct 5, 2016 11:38am Oct 5, 2016 11:38am
Quoting Dennis1468
Take note Finger prints traded at 103.40 but were rejected, Bears narrowed to the stop 103 60 At the print
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Are you calling the wicks "fingerprints"?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,183
  • Oct 5, 2016 11:39am Oct 5, 2016 11:39am
Quoting Dennis1468
Go back on the Thread about market Cycle Dow Theory UJ chart Below Monthly Bars {image}
UJ
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  • #1,184
  • Oct 5, 2016 11:53am Oct 5, 2016 11:53am
Quoting TooSlow
{quote} {image} Are you calling the wicks "fingerprints"?
iN CHART - The fingers left there prints above the NFP low as they pulled there selves up to peak over the Shelf (NFP LOW). There intentions were clear to return as they left there Foot prints on the prior month NFP.
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  • #1,185
  • Oct 5, 2016 12:04pm Oct 5, 2016 12:04pm
Quoting Dennis1468
{quote} Are you long short what price?
Long @ btw 1.7084 and 1.6922.
  • #1,186
  • Oct 5, 2016 12:05pm Oct 5, 2016 12:05pm
Quoting ayoayo
{quote} Long @ btw 1.7084 and 1.6922.

analyzing
  • #1,187
  • Oct 5, 2016 12:11pm Oct 5, 2016 12:11pm
Quoting Dennis1468
{quote} iN CHART - The fingers left there prints above the NFP low as they pulled there selves up to peak over the Shelf (NFP LOW). There intentions were clear to return as they left there Foot prints on the prior month NFP. {image}
Thank you, Dennis.
Working to comprehend it all.
Aren't the Bulls the ones who got bloody at the SEP 2016 NFP LOW cause price went down?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,188
  • Oct 5, 2016 12:11pm Oct 5, 2016 12:11pm
Quoting ayoayo
{quote} Long @ btw 1.7084 and 1.6922.



1.6922. Close at 16900

buy on pull back from 16900 at 16 850 close at 16950

1.7084 close at 16950

leave short cover if your over leveraged at 16 440

Dont fiddle...................let market work for you.. Remind me to check in with you on this so i can re evaluate. This may take time you need patience. We wide out to work correlation will add that later not yet..............WE WANT TO SEE A SMASH BACK TO 1 6000 SO THAT WE ARE CERTAIN OF THE FADE IS FILLED THE GAP
  • #1,189
  • Edited 12:29pm Oct 5, 2016 12:14pm | Edited 12:29pm
Quoting TooSlow
{quote} Thank you, Dennis. Working to comprehend it all. Aren't the Bulls the ones who got bloody at the SEP 2016 NFP LOW cause price went down?
Yep bulls got a bloody nose up there and later on Bears got kicked in the face at the footprints
  • #1,190
  • Oct 5, 2016 12:37pm Oct 5, 2016 12:37pm
Quoting Dennis1468
{quote} Yep bulls got a bloody nose up there and later on Bears got kicked in the face at the footprints
Your comment about Bears getting a bloody nose was at the SEP 2016 NFP LOW rather than the JUL 2016 NFP LOW.
Confused me.
Thanks for clarification.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,191
  • Oct 5, 2016 12:45pm Oct 5, 2016 12:45pm
Quoting TooSlow
{quote} Your comment about Bears getting a bloody nose was at the SEP 2016 NFP LOW rather than the JUL 2016 NFP LOW. Confused me. Thanks for clarification.

Yes your right its my bad grammar should read Bears left the Bulls with a nose bleed
  • #1,192
  • Oct 5, 2016 1:03pm Oct 5, 2016 1:03pm
Have a nice evening all. Tomorrow will be a little Volatile as we near NFP on friday , bye for now.
  • #1,193
  • Oct 5, 2016 1:57pm Oct 5, 2016 1:57pm
Quoting Dennis1468
{quote} 1.6922. Close at 16900 buy on pull back from 16900 at 16 850 close at 16950 1.7084 close at 16950 leave short cover if your over leveraged at 16 440 Dont fiddle...................let market work for you.. Remind me to check in with you on this so i can re evaluate. This may take time you need patience. We wide out to work correlation will add that later not yet..............WE WANT TO SEE A SMASH BACK TO 1 6000 SO THAT WE ARE CERTAIN OF THE FADE IS FILLED THE GAP
In other words, this current move up may terminate at btw 1.6900 and 1.6950 after which we may see a smash back to 1.6600. If this level holds, we may see a bounce up of up to 1.7200.
I do not understand the short cover bit.
I very much appreciate your assistance.
Best regards
  • #1,194
  • Edited 2:38pm Oct 5, 2016 2:26pm | Edited 2:38pm
do everything in this order

A> 1.6922. Close at 16900 (Or short Cover Better) see notes below

B>buy on pull back from 16900 at 16 850 close 16 850 at 16950

C>1.7084 close at 16950 at the same time you close the 16850 at 16950 (For now leave the 1.7084 with a static TP 1 7100) See note below

Why you cant add more longs until you closed A. So follow the orders. You cant buy market back now your already 2 positions long so will close A wait pull back then will buy back position C. Follow ABC above in that order. If you dont you may get caught with 3 long positions and if goes against you what will be left.

leave short cover if your over leveraged at 16 440

Execution for now Set a sell market at 16900 leave it there. do not set a take profit. do not set a take profit for the trade 1.6922 the sell order 16900 takes care of that.

The 1. 7084 set a TP at 1.7100 in case theres a massive spike up. Nothing worse then waking up and seeing your opportunity pass by.
  • #1,195
  • Oct 5, 2016 2:44pm Oct 5, 2016 2:44pm
Quoting Dennis1468
do everything in this order A> 1.6922. Close at 16900 (Or short Cover Better) see notes below B>buy on pull back from 16900 at 16 850 close 16 850 at 16950 C>1.7084 close at 16950 at the same time you close the 16850 at 16950 (For now leave the 1.7084 with a static TP 1 7100) See note below Why you cant add more longs until you closed A. So follow the orders. You cant buy market back now your already 2 positions long so will close A wait pull back then will buy back position C. Follow ABC above in that order. If you dont you may get caught with...

And after this is done look at what currency pair best suites you. As stated before I only trade J pairs. 70% UJ 20% EJ then EU for my Hedging when I am wrong. Dont be a master of all. Reading Cycles is complected, you cant read em all. You dont have time for that. Thats what TA's are for. If you limit your trading pairs to very few then you wont need to hire a Technical Annalist. I can only manage 4 trades at a time so simplify everything.

Any trade your in if negative should read as follows: Takes a little bit of adjustment and extra time to cash in.
  • #1,196
  • Oct 6, 2016 4:21am Oct 6, 2016 4:21am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
{quote} GBPUSD H4 level works out ,but this is an example for an bad entry , there was much better one. look for confluence and see the fork levels are from 8.7.16 NFP , channelstarts 2.9.16 NFP {image} HPT
GBPUSD update

you see here how nice the fork works, which starts at last NFP - near 50% month ABC . Inside you see the ABC - at C has confl. with NFP level. Where the next downmove starts
- the interruption is exat at D ( fib. ext. tool) and now it stops at 161.8 ext. from ABCD (this trade woks fine for me) at new RWL.
RDL is corresponding with lower channel line. Wait and see what new NFP brings. Lower you see the 61.8 monthly (magenta) ,???

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 ABCD.png Size: 67 KB


trade well
HPT
from level to level - you need mental strength to reach the summit
  • #1,197
  • Edited 8:02am Oct 6, 2016 6:54am | Edited 8:02am
Quoting Dennis1468
do everything in this order A> 1.6922. Close at 16900 (Or short Cover Better) see notes below B>buy on pull back from 16900 at 16 850 close 16 850 at 16950 C>1.7084 close at 16950 at the same time you close the 16850 at 16950 (For now leave the 1.7084 with a static TP 1 7100) See note below Why you cant add more longs until you closed A. So follow the orders. You cant buy market back now your already 2 positions long so will close A wait pull back then will buy back position C. Follow ABC above in that order. If you dont you may get caught with...
Thanks a lot. But there are some clarifications I need. Do you mean I should leave short cover at 1.6440 which is about 300 pips away or you meant to say 1.6640?
Should I leave short cover for the total exposure at that price? And also, the short cover at 1.6900 should also be for the total exposure?

In post no 1188, when you said " WE WANT TO SEE A SMASH BACK TO 1 6000 ......." Do you mean 1.6000 which is more than 700 pips away, or you meant 1.6600.

Thank you for your time.
Best regards
  • #1,198
  • Oct 6, 2016 10:25am Oct 6, 2016 10:25am
Quoting Hpt
{quote} GBPUSD update you see here how nice the fork works, which starts at last NFP - near 50% month ABC . Inside you see the ABC - at C has confl. with NFP level. Where the next downmove starts - the interruption is exat at D ( fib. ext. tool) and now it stops at 161.8 ext. from ABCD (this trade woks fine for me) at new RWL. RDL is corresponding with lower channel line. Wait and see what new NFP brings. Lower you see the 61.8 monthly (magenta) ,??? {image} trade well HPT

NFP High UJ trading above 104 ...T2 reached
  • #1,199
  • Oct 6, 2016 10:26am Oct 6, 2016 10:26am
Quoting ayoayo
{quote} Thanks a lot. But there are some clarifications I need. Do you mean I should leave short cover at 1.6440 which is about 300 pips away or you meant to say 1.6640? Should I leave short cover for the total exposure at that price? And also, the short cover at 1.6900 should also be for the total exposure? In post no 1188, when you said " WE WANT TO SEE A SMASH BACK TO 1 6000 ......." Do you mean 1.6000 which is more than 700 pips away, or you meant 1.6600. Thank you for your time. Best regards
A
B
C

as posted / means 166000 follow the white line in chart as in chart, that why its drawn for you
  • #1,200
  • Oct 6, 2016 10:34am Oct 6, 2016 10:34am
Quoting Dennis1468
Lets put a quick Summary what we have basically Said on UG since the inception of this Thread Buy At 101. 50 100.800 100 50 100 So now it pay day for all the hard work. Now thats how trading should be. Relaxed and patient. No hurry to close all of the entries. Just like said before take half of at a desired level. I normally take half profit at 20 to 50 pips. The remainder left on the table for the Medium term Targets.

We are so Dam rich................see you for tomorrows NFP then will start another month of repetition
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