Karmo, this pair loves that 50 fib, as you point out day after day. Now do we bounce up and back to the 38 fib (211.77) or do we go down to test the 61 fib (187.49). http://www.forexfactory.com/images/smilies/yim/thinking.gifhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Maybe this pair is always searching for a 50 fib level, we just have to figure out which time frame she favors. I mean, now that she satisfied the monthly 50 fib, maybe she'll now go and satisfy the weekly 50 fib retrace to 255.47. I'm just thinking out loud.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=95452&stc=1&d=1205601213 http://www.forexfactory.com/attachment.php?attachmentid=95455&stc=1&d=1205602312
Looking at possible S/R levels.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=95584&stc=1&d=1205691091 http://www.forexfactory.com/attachment.php?attachmentid=95586&stc=1&d=1205691239
Monthly GBPJPY
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=95587&stc=1&d=1205691575 http://www.forexfactory.com/attachment.php?attachmentid=95589&stc=1&d=1205691994
Price Action on the Weekly: DBHLC (Bearish)
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=95593&stc=1&d=1205694485
Monthly GBPJPY
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=95680&stc=1&d=1205714923
Possible S/R level 193.50
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=95717&stc=1&d=1205723375 http://www.forexfactory.com/attachment.php?attachmentid=95718&stc=1&d=1205723454
The other secanrio is that on open today it just drops 300 pips in no time and has NO retrace. The chances of this are slim . but if it does I would just cut the loss ( my stops for swing trading gbpjpy on a 2 hour are 200 pips)
http://www.forexfactory.com/attachment.php?attachmentid=95572&thumb=1&d=1205686021
175 ????
My monthly .. that rejectiong of 78.6 % fe was major , 1st target 191 ?
http://www.forexfactory.com/attachment.php?attachmentid=95590&thumb=1&d=1205692774
Price Action on the 4 hour: Inside Bar and DBHLC.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=95864&stc=1&d=1205774493
Price Action and S/R Levels. I am now using the Gann hi/lo (10) and QQE (5) for trend direction. When using Price Action with the trend the higher the probablity these trades become. Meaning : Bullish Price Action in an uptrend. Bearish Price Action in a downtrend.
Daily, 4 hour and hourly: Gann and QQE bearish. QQE on the hourly was bullish but bearish on the 4 hour.
Only taking the bottom of this Inside Bar (candle) on the 4 hour.
Enter short at 194.50 Result half at +153 pips other half +71 pips.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=96624&stc=1&d=1205989833 http://www.forexfactory.com/attachment.php?attachmentid=96625&stc=1&d=1205989845
4 hour Inside Bar. Entered short at 193.66. Result loss -75 pips.
4 hour gann and QQE: bearish
1 hour gann choppy and 1 hour QQE bullish.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=96626&stc=1&d=1205990222 http://www.forexfactory.com/attachment.php?attachmentid=96627&stc=1&d=1205990232
Price Action same Inside Bar. Entered 194.89, top of Inside Bar.
4 hour gann: Bearish. QQE turning Bullish.
1 hour: (almost perfect Aus Strategy), Gann turns bullish. QQE bullish.
Result. Exited whole position before news for +463 pips
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=96629&stc=1&d=1205991057 http://www.forexfactory.com/attachment.php?attachmentid=96630&stc=1&d=1205991071 http://www.forexfactory.com/attachment.php?attachmentid=96631&stc=1&d=1205991089
Current Price Action and S/R level.: Inside Bar 4 hour.
Daily and 4 hour gann Bearish. QQE neutral but below the 50 line.
1 hour at the gann and S/R level of 196.69. QQE neutral but below the 50 line.
I will only take the break on the bottom of the Inside Bar at 195.57.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=96637&stc=1&d=1205992709 http://www.forexfactory.com/attachment.php?attachmentid=96638&stc=1&d=1205992720
1 hour gann turned bullish. May take a hard break long off the S/R level of 196.69 with a tight s/l.
Higher time frames still bearish.
Update: Price broke the 196.69 and then fell back. Weak break for long trade. I need a strong break to go long.
No entry long.Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=96647&stc=1&d=1205994606
My 1st target is half of my postion 50 to 100 pips. The other half to b/e or depending on Price Action on the hourly.
Result: half postion +96 pips. Other half move to b/e.
Pin Bar on hourly. Price broke down from the Pin Bar and closed my b/e half at +64 pips.
Theme of my trades is to keep my loses small (or to zero) and giving my trades a chance to run for long term profits.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=96760&stc=1&d=1206023128 http://www.forexfactory.com/attachment.php?attachmentid=96763&stc=1&d=1206023143
Break of the Inside Bar at 195.57. Enter short at 195.51.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=96782&stc=1&d=1206028403
Confirmation on the hourly gann and QQE.
A more comfortable trade knowing that its with the overall (higher time frames) down trend.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=96785&stc=1&d=1206028636
Daily Pin Bar at the 61.8 Fib. Possible short term trend reversal or long term trend continuation on GBPUSD.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97243&stc=1&d=1206297503
Entered long at 1.9770 S/L 1.9720. 1st target 1.9880
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97283&stc=1&d=1206328012
Yes, I use the same rules for GU with gann and qqe. I also use Price Action as a guide force especially on higher time frame, because higher time frames Rule.
Although the gann and qqe show a down trend, the Daily Pin Bar (trend reversal formation) can not be ignored. Like Karmo, Fibs on higher time frame can show future movement.
I should have shown more patience (sorry karmo) and waited to enter at exactly 1.9757 (fib 61.8) instead of the 1.9770. Price kissed that fib and trend line on the money and started north.Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97312&stc=1&d=1206350350
I've locked in at break even on my 1.9770 entry. I may add to my position at on a hard break and then support of the 1.9880 (top of the Pin Bar)
4 hour chart shows a spinning top (an indecision formation). A break down at the bottom of this candle, I will take half position in profits and other half will stay at break even.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97479&stc=1&d=1206396748 http://www.forexfactory.com/attachment.php?attachmentid=97481&stc=1&d=1206396871
I have added to my winning position at 1.9885.Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97504&stc=1&d=1206407636
Missed the break of the Inside Bar on the 4 hour. Looking for a retrace to enter long
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97513&stc=1&d=1206409834
Pin Bar on the Daily GBPUSD is showing it's true power.http://www.forexfactory.com/images/smilies/yim/thumbsup.gifAttached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97528&stc=1&d=1206411940
Entered at retrace and rebreak of the Inside Bar at 200.15 and 200.28
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97531&stc=1&d=1206413495
S/R level on the GBPUSD. Let's see how Price reacts.Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97583&stc=1&d=1206433378
We have a Fib cluster at 2.0066 level. Strong S/R level. Price Action show me the way.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97821&stc=1&d=1206502069
The hourly gann and qqe may show the way, with hourly Price Action of course.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97822&stc=1&d=1206502512
I learned all my fib lessons from Karmo. Practise, Practise, Learn and Practise.
Did anyone catch this Pin Bar (4 hour) on a trend line? I missed it.http://www.forexfactory.com/images/smilies/yim/sad.gif
This set up doesn't get any easier then this.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=98169&stc=1&d=1206597229
testing testing my 4hr charts
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97838&stc=1&d=1206510749
yeahhhhhhhhhhhh. Thanks jarro, i have been batling with thos numbers 4 a long time now. was using 1500 by 1500
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=97839&stc=1&d=1206510926
ok, goodmorning all, morning jaroo. if u look back i posted my setups 4 trade yesterday and some bearish butterflies on Aus thread yesterday. As u guys can see GJ broke my range hard to d down side. i was so busy trading dat i couldnt make posts.made lots up pips. this is an updated chart. look at how GJ bounced up and down up fib lines to d pip. LOL. di is easier than pooing.
Jaroo thank 4 d fibs lesson.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=98164&stc=1&d=1206594681
check this out, price action on fibs and some trendlines
can u read in between d lines
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=98268&stc=1&d=1206627094
[ 本帖最后由 hefeiddd 于 2008-5-26 15:22 编辑 ]
I'll stay with my 1.9770 and 1.9885 a little longerhttp://www.forexfactory.com/images/smilies/yim/happy.gif. Daily gann may stay broken to the upside. I have taken some profits off the table.
Price Action On Trendlines and Fibs : Powerful Stuff.Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=98191&stc=1&d=1206608713
They look the same, don't they.http://www.forexfactory.com/images/smilies/yim/happy.gif One is a 4 hour and the other is a Daily at different times, different pairs. This shows the power of Price Action (Pin bars) on trend lines.
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=98212&stc=1&d=1206614526 http://www.forexfactory.com/attachment.php?attachmentid=98213&stc=1&d=1206614541