DislikedHello I believe price will continue to rise from the current close. I hope to buy again on a retrace. Will see what Monday brings... {image}Ignored
martin
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedHello I believe price will continue to rise from the current close. I hope to buy again on a retrace. Will see what Monday brings... {image}Ignored
Disliked{quote} perhaps, then what, where do we stop....I have 110.65 market as a spot to try some shorts....Ignored
Disliked{quote} Fibo banking levels: 24% & 42% are accumulation banking zones / Levels / Phases - you'll find these generally in a minor trend reversal. This is where the market price will stall before continuing or moving back the other way - in E.W.A you'll find these 24% & 42% fibo's being respected in a new Wave 1 to 5 development, i.e, Wave Leg 1 to 2, and Wave leg 3 to 4. Or in a corrective impulse wave from Wave Leg A to B, before creating C Leg. ~~~~ side note ~~~~ You may of heard of Steve Mauro? Who coincidentally has no clue what he is talking...Ignored
Disliked{quote} Oh, I just was under the impression you have shared this concept before, and I was hoping to read some more about it. As for backtesting this concept, I must admit, the 142 level was actually what was discovered to be the best spot for a stop loss during the backtest of the indicator attached. The indicator is based on the envelopes indicator, for when price consolidates in the envelopes for x bars. The original algo traded the breakout, but also the retrace of 100 to 76.4. The concept of 142 was later discovered to be used for solid TP...Ignored
Disliked{quote} The Jedi knows not of the envelopes indicator. The jedi looks for the bearish engulfing or the bullish engulfing. Patience you must have. Always two there are. The master and the apprentice.Ignored
Dislikedseeing some support perhaps near 109.74 that might be worth a punt, considering it now...Ignored
DislikedThe power of the central banks, don't expect the bullishness to let up just yet. Make its way. eventually it will to 112.46 ( Last FED rate hike, Dec 19th) but 111, better level this is. {image} {quote} Young Apprentice, I was at that time! Many years ago, in a galaxy far far away.Ignored