ASCTrend system - page 8
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So it was very good signal on UDJPY.
Very good sell.
First we could see this sell on our informational template (template #2): PT was on reversal and on downtrend, fibo was on downtrend, 3 stochastic indicators started for downtrend simultaniously from almost the same value. And price crossed the red line (dynamic M5 pivot for us but it is sma in reality). So we may see the targets (brown lines).
And we got sell signal on our trading template but 5 minutes later then on info template.
Sorry I did not have a time to open the order: I was posting on the other thread in that time.
Situation is changing very quickly.
To see the situation changing we should look at infor template:
- fast stochastic came down and slow and medius stochastic is still under downtrend. It means that it will be correction now.
- we may see it from PT indicator: blue line is the price (let's say), yellow line is up/down trend indicator and red line is for correction and flat indicating.
So according to PT we are still on downtrend blue line (price) is below yellow line. If blue line crosses the red line - correction.
As to target so the price was stoped by the second brown line (see the image above). The second brown line is 21 pips from the red line. Exact 21 pips. Spread and something ...
So we already took (should take) about +10 pips.
People who do not like risk at all may should exit on "price touching th second brown line".
Anyway it was very risky trade.
Because everything was finished (and probable not started yet) according to our main template. See image.
And our infor template is showing the same: probable this local downtrend was finished already. Because slow (100) stochastic is almost down.
Please note: this info template is just for information. We may predict the price movement sometimes. And exit sometimes. The main template is our trading template.
Something is going on with EURUSD, USDCHF and GBPUSD. I am looking on our info template. But I like GBPUSD more: info template is showing future possible sell on GBPUSD.
But our main template is not showing anything on GBPUSD.
So will wait.
Probable I will miss something as I should look at the other threads in the forum.
Something very important is going on for USDCHF now. It is according to our main template.
But according to info template it may be just uptrend up to daily pivot line only (yellow pivot line on the main window). Because slow (100) stochastic is almost finished this long. Will see.
Of course it may be breakout and our thinking about stochastic will be nothing in this case. But it is just sometimes. Not every day of course.
We were fully right about USDJPY: price is under correction now. Still downtrend but correction.
As to USDCHF so according to info template we may understand that this local uptrend was just correction of the price. Because blue line of PTinficator is still between correction line (red one) and main trend line (yellow one). So it is still downtrend. Just a correction.
And according to slow (100) stochastic this uptrend is finishing.
If we look at the main template for USDCHF so we mau understand that everything is ready for good uptrend for USDCHF.
But according to info template on USDCHF this uptrend may be started now not now.
We may see future possible uptrend on EURUSD and downtrend on USDCHF according to info template. Future possible.
Which info on the price movement we have now according to infor template?
1. USDJPY. Seems this uptrand was finished. According to all stochastic indicators and yellow line of PT indicator.
It will be reversal to downtrend.
Or breakout (uptrend) because of some news only.
2. GBPUSD. Still uptrend. The recent downtrend was just crrection of the price (according to PT indicator). Most probable the price will continue downtrend for some minutes and then - uptrend. Just look at the stochastics to understand on how it will be developing.
3. EURUSD and USDCHF.
It is very interesting case on those pairs. The trend was finished according to stochastic indicators. And according to PT indicator it was just a correction: EURUSD finished to down and USDCHF finished with long.
It was a correction.
But according to PT indicator (the blue price line is almost on the same value with trend yellow line) the price may go anywhere:
it is very easy for the price (EURUSD) to reverse to uptrend 9according to stochastic. But the price may continue downtrend as well on some news and it will be breakout.
Very interesting situation.
Those sotuations were very good for the people who are trading on the correction of the price movement (the same with DayTrading3 EA and Firebird EA). Just to have some 10 or 20 pips. Very risky but it may be every day or several times per day.
We got just few pips on USDJPY on the morning on this correction.