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ZigZag Charm

  • #841
  • Edited 10:48pm May 23, 2017 10:25pm | Edited 10:48pm
Quoting yousername
Identifying BEAR WEAKNESS (Strength of the Trend) using MOMENTUM (GBPUSD W1) X3<X2<X1 = Weakening bear {image}
Decline in BEARISH MOMENTUM (Contraction) + High Volume in the last Bear leg = OVERSOLD (Market too saturated)
This is not investment/trading advise. Will not hold accountable for loss
  • #842
  • Edited May 24, 2017 1:30am May 23, 2017 10:33pm | Edited May 24, 2017 1:30am
Quoting yousername
{quote} Decline in MOMENTUM + High Volume in the last Bear leg = OVERSOLD
Decline in BULLISH MOMENTUM (Contraction) + High Volume in the last Bull leg = OVERBOUGHT (Market too saturated)

Bull MOM of X = X2<X1
Bull VOL of X = X2>X1

Decline in MOM + Increase in VOL = OVERBOUGHT

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 43 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #843
  • May 23, 2017 10:35pm May 23, 2017 10:35pm
Quoting yousername
{quote} Decline in MOMENTUM + High Volume in the last Bull leg = OVERBOUGHT Bull MOM of X = X2<X1 Bull VOL of X = X2>X1 Decline in MOM, Increase in VOL = OVERBOUGHT {image}
Correction made - LAST BEAR LEG to LAST BULL LEG. I apologize for the typo
This is not investment/trading advise. Will not hold accountable for loss
  • #844
  • May 23, 2017 11:11pm May 23, 2017 11:11pm
Quoting Batavier
{quote} How did I miss the Eye????? Depending on market action I might take some profit just before it hits the eye or put a trailing stop under it. I'll watch closely.
Exited the trade at break even plus 1 as market going nowhere this session.. Better than a loss.....Next trade please.
Just trade the pullback you idiot!
  • #845
  • Edited May 24, 2017 12:34am May 23, 2017 11:30pm | Edited May 24, 2017 12:34am
Quoting Batavier
{quote} Exited the trade at break even plus 1 as market going nowhere this session.. Better than a loss.....Next trade please.
XAUUSD D1

If GOLD becomes BEARISH again, then LONG on USD Pairs.
Today/Tomorrow is the make or break moment.

We had overbought (Contraction in MOM and higher in VOLUME) and follow with bearish divergence.
Market broke below previous Frame FIBEX LO. The outcome was a strong bearish frame with high VOL.
Now we are in a Bull move up with high Volume and it's stuck under the FIB Retracement .618.
If the frame completed, we could have a Bearish Hidden Divergence.
We'll see...

CORRECTION, the X1 and X2 MOM value got switched. It should be X2<X1

X2=5.3709
X1=9.0228
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 26 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #846
  • May 23, 2017 11:33pm May 23, 2017 11:33pm
Quoting yousername
{quote} XAUUSD D1 If GOLD becomes BEARISH again, then LONG on USD Pairs. Today/Tomorrow is the make or break moment. We had overbought and follow with bearish divergence. Market broke below previous Frame FIBEX LO. The outcome was a strong bearish frame with high VOL. Now we are in a Bull move up with high Volume and it's stuck under the FIB Retracement .618. If the frame completed, we could have a Bearish Hidden Divergence. We'll see... {image}
Additional detail

I could be wrong, but this is one possibility that we should anticipate.
Don't pull the trigger yet

Attached Image (click to enlarge)
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Inserted Video
This is not investment/trading advise. Will not hold accountable for loss
  • #847
  • May 23, 2017 11:37pm May 23, 2017 11:37pm
Quoting yousername
{quote} XAUUSD D1 If GOLD becomes BEARISH again, then LONG on USD Pairs. Today/Tomorrow is the make or break moment. We had overbought and follow with bearish divergence. Market broke below previous Frame FIBEX LO. The outcome was a strong bearish frame with high VOL. Now we are in a Bull move up with high Volume and it's stuck under the FIB Retracement .618. If the frame completed, we could have a Bearish Hidden Divergence. We'll see... CORRECTION, the X1 and X2 MOM value got switched. It should be X2 is lower than X1 X2=5.3709 X1=9.0228 {image}...
CORRECTION, the X1 and X2 MOM value got switched. It should be X2 is lower than X1

X2=5.3709
X1=9.0228
This is not investment/trading advise. Will not hold accountable for loss
  • #848
  • May 23, 2017 11:45pm May 23, 2017 11:45pm
Quoting yousername
{quote} XAUUSD D1 If GOLD becomes BEARISH again, then LONG on USD Pairs. Today/Tomorrow is the make or break moment. We had overbought (Contraction in MOM and higher in VOLUME) and follow with bearish divergence. Market broke below previous Frame FIBEX LO. The outcome was a strong bearish frame with high VOL. Now we are in a Bull move up with high Volume and it's stuck under the FIB Retracement .618. If the frame completed, we could have a Bearish Hidden Divergence. We'll see... CORRECTION, the X1 and X2 MOM value got switched. It should be X2<X1...
Another correction to the picture

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 22 KB


Gold H4

Price B<A
But the MOM and VOL of B > A's
Therefore possibility of Hidden Divergence or Bearish Trend Continuation
Furthermore we are still below the Anchor/Eye/SR

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 24 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #849
  • May 24, 2017 12:08am May 24, 2017 12:08am
Inserted Video

Inserted Video
This is not investment/trading advise. Will not hold accountable for loss
  • #850
  • Edited 1:22am May 24, 2017 12:45am | Edited 1:22am
AUDUSD H1 current situation

Consecutive HH in A,B,C,D

There's contraction in MOM of A,B,C
At C leg, we had High Volume with contraction in MOM which equals to OverBought.
Then follow with the last leg to the upside (D) with lower volume compare to C's, this equals to Bearish Divergence (White line).

S/R is @ FIB Ret .382 or .618
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 25 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #851
  • May 24, 2017 3:26am May 24, 2017 3:26am
EURUSD M15
Scalping like hell.
Expectation about 20 pips, probably more.
SL +1pip profit

We had a Bu.D. or Bullish Divergence.
After that followed with a bearish move with higher volume (B>A).
But the MOM is the same. That mean we had oversold market or market was too over saturated.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 35 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #852
  • May 24, 2017 4:03am May 24, 2017 4:03am
Quoting yousername
EURUSD M15 Scalping like hell. Expectation about 20 pips, probably more. SL +1pip profit We had a Bu.D. or Bullish Divergence. After that followed with a bearish move with higher volume (B>A). But the MOM is the same. That mean we had oversold market or market was too over saturated. {image}
SL just got triggered. Profit 0.3 pip
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This is not investment/trading advise. Will not hold accountable for loss
  • #853
  • May 24, 2017 6:04am May 24, 2017 6:04am
Scalped again, close trigger ready when the shit hits the fan.
Took 1p profit
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This is not investment/trading advise. Will not hold accountable for loss
  • #854
  • May 24, 2017 6:44am May 24, 2017 6:44am
EURUSD H1 S/R

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This is not investment/trading advise. Will not hold accountable for loss
  • #855
  • May 24, 2017 9:01am May 24, 2017 9:01am
Quoting yousername
EURUSD M15 Scalping like hell. Expectation about 20 pips, probably more. SL +1pip profit We had a Bu.D. or Bullish Divergence. After that followed with a bearish move with higher volume (B>A). But the MOM is the same. That mean we had oversold market or market was too over saturated. {image}
20pips to the upside has been met.
Now idk where will we go
So sick of having too much money
We're still inside the downtrend channel.

Attached Image (click to enlarge)
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This is not investment/trading advise. Will not hold accountable for loss
  • #856
  • May 24, 2017 9:04am May 24, 2017 9:04am
Quoting yousername
{quote} 20pips to the upside has been met. Now idk where will we go So sick of having too much money We're still inside the downtrend channel. {image}
Possible H&S reversal pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled (2).png Size: 26 KB
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  • #857
  • Edited 9:29am May 24, 2017 9:12am | Edited 9:29am
Dark Theme template. In case you want it
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Attached File(s)
File Type: tpl default2.tpl   1.3 MB | 227 downloads
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  • #858
  • May 24, 2017 9:34am May 24, 2017 9:34am
Today could be a blood bath to any inexperience trader.
I'm inexperience at losing, so i'm just gonna stay in side line and let see falling dead body.
This is not investment/trading advise. Will not hold accountable for loss
  • #859
  • May 24, 2017 9:52am May 24, 2017 9:52am
EURUSD Overall Trend is BULLISH

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This is not investment/trading advise. Will not hold accountable for loss
  • #860
  • May 24, 2017 10:03am May 24, 2017 10:03am
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