The Boardroom
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Thread: The Boardroom

  1. #1
    Beginning this thread to keep tabs on exactly what the hell I was thinking, when, and why. Most companies have a boardroom so that people may escape work and discuss exactly what the hell they are thinking, what the hell they are doing, and why. This place will be no different. Although I exchange many country pairs, I will focus on the cable since it is my speciality and my favourite pair to exchange.

    I encourage some to make comments, ask questions, give opinions, share thoughts, etc.. You may talk about some pair. Just like a companies boardroom, this area is devoted to making progress and helping the organization grow (the company being our account balances). Remember, it is us versus the boys and they possess the leverage . If we are able to stick together, share ideas, and come up with an edge, we can reclaim some the pie they have...

    So don't hesitate to join the Board of Directors and sit in the Boardroom.

  2. #2
    1. ) The fibs.

    I utilize a single pub fibonacci method. The method is then translated down to some more compact tf. For example I take the previous daily candle and then draw the fib from the high to cut that candle just. Then move down to the 1H chart.

    1. 1Y and quarterly goes into the weekly chart. Updated.
    2. Quarterly/monthly moves into the daily chart. Updated once per month
    3. Weekly moves into the 4H chart
    4. Daily move to the 1H chart
    5. 8H moves into the 30M chart
    6. 4H moves into the 15M chart
    7. 1H moves into the 5M cahrt

    Must take master candles and inside candles into account.

    Targets when trending are 138.2, 161.8 and 261.8.
    Retracements are 61.8, 50, 38.2.

    Sideways actions likes to move typically from 161.8 on one side to 161.8 on the other side.

  3. #3
    The compression charts include multile EMA's plus a SMA applied to the finish of the candle.

    The MA's are

    6 EMA
    18 EMA
    36 EMA
    54 EMA
    72 EMA
    90 EMA
    108 EMA
    126 EMA
    144 EMA
    200 SMA For the longer term.

    It shows well the compressions price action thus provides you a heads up when a movement is going to be made.

  4. #4
    Quote:
    Originally Posted by https://forexintuitive.com/cryptocur...ue-trades.html
    I'm with you Wormie,

    I have 2 long positions in currently myself. One at 5695 (1.5) and one at 5600 (1.5). May dump when it reaches 5750 or may keep. When it reaches that point again I will reasses.

    C.

    Closed 1 long position 5600 (1.5) @ 1.5702 in order to minimize risk a little. Still one position that is long. 5695 (1.5)

    C.

  5. #5
    Currently we're hanging out at a parallel station round the 100 quarterly fib. Should retrace up a bit into the 100 (0) Monthly fib about 1.5800 before making it is downward movement to the 138.2 fib line.

  6. #6
    Quote Originally Posted by ;
    Currently we are hanging out at a sideways channel around the 100 quarterly fib. Should retrace up somewhat into the 100 (0) Monthly fib about 1.5800 before making it's downward movement towards the 138.2 fib line.
    So on the daily your 138.2 expansion south can also be a 50% pull back from its run up beginning back on 1/23/09. Sounds like a plan!

    Thank you,
    JD

  7. #7
    Quote Originally Posted by ;
    So on the daily your 138.2 expansion south is also a 50% pull back from its run up starting back on 1/23/09. Sounds like a plan!

    Thanks,
    JD
    JD,

    You are very near, I have it actually the 161.8. Once it hits that place, I'd play with the retrace for at least a couple of days.

    C.

  8. #8
    I haven't posted everything yet as I only started this thread a couple of hours ago. More updates.

    C.

  9. #9
    Quote Originally Posted by ;
    Quote:
    Originally Posted by https://forexintuitive.com/forex-tra...s-journal.html
    I Am with you Wormie,

    I have Two long positions in currently myself. One at 5695 (1.5) and one at 5600 (1.5). May dump once it will keep or reaches 5750. I will reasses if it reaches that stage again.

    C.

    Closed 1 long position 5600 (1.5) @ 1.5702 in order to minimize risk a little. Still 1 position that is long. 5695 (1.5)...
    Closed partial long position 5600 (1.0) @ 1.5740. Remaining position
    5695 (.5) open sl place to BE 1.

  10. #10
    Quote Originally Posted by ;
    The compression charts consist of multile EMA's plus a SMA applied to the finish of the candle.

    The MA's are

    6 EMA
    18 EMA
    36 EMA
    54 EMA
    72 EMA
    90 EMA
    108 EMA
    126 EMA
    144 EMA
    200 SMA For the longer term.

    It shows nicely the compressions price action so gives you a heads up when a movement will be made.
    Congratulations in your own thread!

    Sounds intriguing. If I may, one question. All these MA's are used on the 4 Hour chart?

    Thanks and best wishes to you for a long and successful trading career!

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