First, a warm up with some following the fact charts:
GBPCHF gemstone MACDiamond.
Https://forexintuitive.com/attachmen...4973167662.jpg
USDJPY partially shaped busted wedge
https://forexintuitive.com/attachmen...8472473897.jpg
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First, a warm up with some following the fact charts:
GBPCHF gemstone MACDiamond.
Https://forexintuitive.com/attachmen...4973167662.jpg
USDJPY partially shaped busted wedge
https://forexintuitive.com/attachmen...8472473897.jpg
EURUSD long-term sell opportunity from the top border
https://forexintuitive.com/attachmen...1551900175.jpg
Was waiting for a diamond to make the right hand side and I overlooked it. Ultimately I think this is the way it was supposed to look like:
https://forexintuitive.com/attachmen...5819725104.jpg
Now if that was a fictitious gemstone on GBPUSD, then the question is whether that is a gemstone that is legit as well? Some similarity of this diamond on the right hand side.
https://forexintuitive.com/attachmen...8483846436.jpg
The ideal hand side of the diamond could have been looked at this way:Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...5585371330.jpg
4 touches on a rising TL on EUR/USD. I'd love to market the rest of the trendline, however, the daily range will be greater than 100 pips by the time it becomes broken (if it happens now ), so there is no dependable loion for a stop. I could make use of an abrupt stop, but that is not as appealing as a stop outside the day's range. For some reason I think that we may have a false break, or even a retrace to the TL once it gets broken. Let us wait and see.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...8708906291.jpg
Support EURJPY. I wonder how crazy is to sell the break? The day's range is too big. I could sell using a stop above an intraday high but I have to wait until an proper high is formed. I might also only sell with a fixed space stop but I have mixed feelings about it. However, most likely it wont be busted today and perhaps I will get a better loion for a halt.
https://forexintuitive.com/attachmen...1060036857.jpg
First order for your day: Selling EURCHF @ 1.3388, cease - 1.344 (intraday high), TP - 1.31.
The profit target is based on a divergence on H6. It's a non standard time-frame, but my view is that there will always be a divergence happening on some time-frame. The branch into H1 H4 D1 and is artificial anyway.
The div is in fact pointing to 1.307, but 1.31 is a nicer number.
Also there was a small break on the third egy of the lower border, but everything else seems good enough so I'm willing to take a bet.
https://forexintuitive.com/attachmen...1498896689.jpg
https://forexintuitive.com/attachmen...2075301601.jpg
https://forexintuitive.com/attachmen...1802884967.jpg
Just realisedthis looks somewhat like a HS formation. Therefore a market trade would be trading that the trendline break.Quote:
Originally Posted by ;
USDCHF intraday diamond in progress? Seems like it. If I'm not mistaken this is just one diagonal diamond, and as it's pointing up we ought to see it breaking to the disadvantage.
https://forexintuitive.com/attachmen...1823318970.jpg
Back in March 21, 2007:
I am not positive whether the 00:00 coincides with New Z. open up time, it might be off by a couple of hours.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...1697131055.jpg
was off and by the time I came back the EUR/USD tl obtained broken. Therefore the only option left now is to wait for a retrace back to the trendline. Additionally I do not see a high close to the TL which could've been used as a stop, so if I'd sold it would've been with a 60 pip stop above the nearest high or a fixed distance stop above the TL.
Https://forexintuitive.com/attachmen...1679614320.jpg
Additionally my EUR/CHF sell only got triggered however, the price jumped back to the TL. Yikes. The one thing I could do now is wait patiently for the result.
Here Is a setup on CAD/JPY. It's high risk, as neither of these borders is confirmed with 3 bits. However, the lines are almost completely parallel on fxTrade and completely parallel on MeatTrader4, so I am willing to have a bet.
Two trades with divided risk:
Brief at 82.04, SL1 - 82.22 (above TL), SL2 - 82.374 (above October 6th large )
TP - 80.2
https://forexintuitive.com/attachmen...2040843962.jpg
Order for 18.1 on USD/JPY, which also contrasts with a triangle pattern. In case it gets broken a sell position is going to be established @ 81.726, with a stop above the day's high at 82.02. TP - 81.25 (~90 percent ADR). It's relatively late to exchange this particular template, but as the pair is at 33 percent 40ADR there should be an expansion to a side or another. Just 1 way to find out.
https://forexintuitive.com/attachmen...9310016438.jpg
My EUR/CHF market was performing very good yesterday, but maybe not as quite now. The most it attained was approximately 1:3 R:R, and I don't want to shut it prematurely. I didn't even move my stop nonetheless, it is in the original place. When I get stopped out I get stopped out, that cares. Need to provide this thing a chance.
https://forexintuitive.com/attachmen...2449990239.jpg
The retrace happened, as I imagined. Do not enter on it, posting to the album and for the precision of the re-approach. Beautiful.Quote:
Originally Posted by ;
Oh, Miss Market, you so fine, you so fine you blow my head.
https://forexintuitive.com/attachmen...1836960604.jpg
Not certain if this was a gemstone. I think that it must have made an approach/break of the lower border of the ideal hand side of the triangle after defining the top border.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...6766848868.jpg
Do not think this was a gemstone. What I think happened, was that the market was forming a broadening triangle first, then it changed it's mind and began forming a rough horizontal station such as symmetrical formation.Quote:
Originally Posted by ;
Those elusive diamonds.
https://forexintuitive.com/attachmen...1274486581.jpg
And the answer is, it would have been a bit mad. Good thing I did not trade something I wasn't sure about.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...1685309206.jpg
I'm moving the stop above the day's current high, reducing my risk. Not precisely BE but good enough.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...1562625760.jpg
It broke in the exact same way as the key diagonal, and thus went . The left upper side and the ideal bottom side look like their symmetry.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...1238491698.jpg
A break happened while I was sleeping, and also to place a stop below the false break after the price moved back on the TL, a 60 pip stop would've been required. Even though that seems excess, it is just about 30% of 44ADR. Now, let us see if it fills the divergence.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...1659376350.jpg
Because the day's range was just 55 percent of 44ADR (42 pips), I opt to let the trade run for a longer time period, and I am moving the stop to nearly BE. It's a free run today.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...1251457495.jpg
Got greedy and was penalized accordingly. In fact, it looks like that there was an 18.3 in the opposite direction, giving me a clue to close and reverse, but the timing was a bit early for the template, and I wasn't in the PC in the time.Quote:
Originally Posted by ;
Https://forexintuitive.com/attachmen...6660800796.jpg
Next target: NZD/USD trendline break buy. A level for stops was offered, so I took it. TP based on ADR, in this circumstance it is roughly 80 pips or 80 percent of 44ADR. Now the price seems to be spinning around, so I'm putting a reverse order, using a stop above the current sessions . Trade is against the MMOW, but with the MMOM.
https://forexintuitive.com/attachmen...9277699828.jpg
Due to Mr. C for pointing out the comb on EUR/USD. Because my platform only has H3, and no H4, the comb looks a bit different. You can see the order on the chart, the end is above the high of yesterday.
https://forexintuitive.com/attachmen...4846766583.jpg
Sell stopped out, and reverse stopped out. Using H3 did not pay this moment off.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...3452134101.jpg
https://forexintuitive.com/attachmen...5182649295.jpg
USDCHF market order. Stop over the session's high. Sell order under yesterday's low. Trade will be contrary to the MMOW but with the MMOM. The top and bottom borders aren't parallel, however, the creation is slightly narrowing. I could buy right now using a stop under yesterday's low, but I am unsure of this, so I opt to trade the break rather.
https://forexintuitive.com/attachmen...1583257832.jpg
https://forexintuitive.com/attachmen...1782580985.jpg
Hey Mizuno,
Where are you fellow? Anyway, hope you have a fantastic vaion period, and that I hope to see you back here soon, your charts are looking good, so keep up the hard work, let's all grab a few more pips in 2011. https://forexintuitive.com/attachments/1528313314.png
Peace out https://forexintuitive.com/attachments/1528313315.jpg
Hey Niteshift! I'm here, just lurking around. It is only one of the times when you drop back and reflect in your own life, look at you are and what you have to do. I get those once in a while. I'm back next week. I wish you happy holidays, and a 2011. Let's seize the day, regular https://forexintuitive.com/attachments/1528313315.jpgQuote:
Originally Posted by ;
Here is a setup I'm not taking. A wedge with fully shaped upper border, providing an opportunity to buy on the 3rd method of the bottom border. However, there's a divergence against this notion, that's why I'm only watching this. It probably might be worth it to skip the buy and sell the break of the bottom border, as though you were reversing the buy trade, but I do not see a reputable high formed nonetheless.
Https://forexintuitive.com/attachmen...0554698746.jpg
Both green dotted borders are all parallel.
https://forexintuitive.com/attachmen...8457614291.jpg
The divergence was stuffed following the bottom border was broken. What we can see is that the centre touch of the top border is not ideal, therefore maybe hinting a similar inaccuracy will occur with the bottom border, entering it marginally and then making a whole clean break. Of course, this could also be wishful thinking and I'm only watching this in my mind.Quote:
Originally Posted by ;
Https://forexintuitive.com/attachmen...1831874755.jpg
An intra-day stop would've been used, and I'm not overly certain about the use of intra-day stops, though I have decided that I could trade some diamonds and combs with local stop positioning. Mature members and Igrok himself recommend using external the day's range stops only, so I'm conscious that I could regret this.
Also, here's an after the fact chart. To me it only became completely visible after being busted, as I could not specify the lower rising border of the right hand side of this bead.
https://forexintuitive.com/attachmen...3800731263.jpg
Because the range was little enough, I kept putting the stop using a reverse beyond the day's range, and was stopped out for a total of 3 times. Ouch. The market finally made a blank touch before eventually going downwards.Quote:
Originally Posted by ;
Https://forexintuitive.com/attachmen...1994115262.jpg
On this trade I flipped, and afterwards on placed the stop at BE. I didn't have a TP point based, so the idea was to hold the transaction for at least a few hundred pips. I was stopped out at break even, had I retained the stop at the original position, I would've stayed in the trade. After those 2 shirts the market went to 0.735, now it's above the original entry point.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...7490699665.jpg
Ouch, that sucks when that occurs. In hindsight would you state that the transaction failed to go due to the time it was entered by you to plan? E.g, low liquidity on the pair, range not defined yet as a result of European market not open yet, etc..Quote:
Originally Posted by ;
Do not know, but the truth is I was provided with opportunity to undo, so I did. When it actually happened I felt discouraged and beaten up, but now I think that this is one of those times when a freak situation such as this occurs and there is nothing you can do, but to keep on truckin'.Quote:
Originally Posted by ;
I wish you a rewarding and a happy 2011. May we ever keep improving our trading and discipline skills, rather than stop until this financial web keeps present. I'll be completely back to trading next year for sure this time.
An early diamond buy order. I have placed the stop beyond the low of the major diagonal. Seems like we have a bigger diamond, so I guess it might make sense to shut and reverse the position as soon as the top border is broken (in 1.3335 would be nice), with a stop above the week's top, as the major diagonal of the bigger diamond is upwads. Let's see what happens next, maybe not going to sell unless this buy is a legit commerce.
https://forexintuitive.com/attachmen...4498509937.jpg
https://forexintuitive.com/attachmen...7343789395.jpg
https://forexintuitive.com/attachmen...1167467703.jpg
Stopped out. The formation might still become some thing , a wedge or a diamond.Quote:
Originally Posted by ;
https://forexintuitive.com/attachmen...1667334301.jpg
Seems like we've got a diamond in the procedure of creation on EUR/CHF. I will try to ch the next approach of the narrowing triangle, contrary to the leadership of the main diagonal. SL placed over the high of the main diagonal, entry you can see on the chart. TP purpose of 1.235 appears sensible.
Https://forexintuitive.com/attachmen...1009166597.jpg
https://forexintuitive.com/attachmen...0606235002.jpg
I attempted projecting the high from the following manner, but it seems that it cannot be utilized in this situation because, and also the stop will be not too appealing.
https://forexintuitive.com/attachmen...1814757832.jpg
Let's begin anew. Risk version for now - 0.33% equilibrium per transaction. This is enough to be more serious than demo trading, although not serious enough to do much harm on your own account.
Igrok procedure just.