A-B-C-D Trade - page 308
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Here are 2 charts for CFD GOLD, a daily and a 4-hour with fibs.
The daily chart shows swing high ($1789.50) on 2-29-2012 05:00 GMT, with coordinates of 15-degree 5' 8", while Mars was in retrograde motion.
The next date/time Mars reached those coordinates was on June 1, 2012 about 20:30 GMT. That point is marked with a yellow arrow and the 20:30 open price of $1619.20.
The fib plot can be also seen on the 4-hour with better detail, using May 1st/May 16th high/low. High = 1670 Low = 1526.10
Very straight forward SELL example sees price respect the 78.6% fib of 1639.20, where the tightest S/L would be placed.
TP levels can be the fib levels, with the 38.2 (1581.00) showing previous respect as S&R.
R/R to 38.2 (hit June 7th) = $35.00/$23.00 and ratio 1.5:1
R/R to 23.6% fib of 1560.00 (hit June 8th) = $56.00/$23.00 and ratio of 2.4:1
When operating the ephemeris, we'll notice that the planets symbol will have a "R" next to it when it is in retrograde motion.
The last GOLD chart posted with Mars in retrograde, also had Saturn in retrograde. The attached pic of the ephemeris shows this, as well as the next date/time it reaches the same coordinates of 29-degree 6' 16".
That future date looks to be extremely busy with different planets aligning in important angles (aspects).
Note: The ZET (Lite version is free) ephemeris tracks planet coordinates (position) on the right of the screen. We can see the coordinates change as we spin the ephemeris forward.
The planet symbols on the right also have a "R" next to it when it is in retrograde, so we can see when it changes to direct (forward) motion. The date of direct motion can also be see on the MT4 AstroIndicator_Retrograde. The blue bars will end when retrograde ends.
This means we can save time from spinning (especially with slower planets) by inputting a date and time in the ephemeris to advance it more quickly. To do this:
click "event data" on tool bar, and the core data box will display
click calendar icon (date and time), enter your desired date and time
Instructions on how to calculate the retrograde-direct trade signal was placed in the Gann Is The Man thread in the indicator section.
The make the search easier, here are the steps in a more efficient manner.
For each currency pair, locate major swing highs and lows, and note the date and time to nearest hour. On the free ZET Lite ephemeris, input a high or low date and time. Once ephemeris is on the desired date/time, look for planet symbols with a “R” next to it, which denotes retrograd
Write down the retrograde planet’s position (coordinates). Spin the ephemeris forward in time (clockwise) until the planet is in the same position, while in direct motion (forward)
We can see each planet’s position on the right side of the ZET ephemeris. The planet of the search will first have position numbers going backwards, since it is in retrograde motion. Then it will move forward in direct motion, and position numbers will increase
We can advance the date of the ephemeris by clicking “event data”, and then clicking the calendar icon for “date and time”. Input desired date and time, then click exec
There will often be more than one planet in retrograde during these high/low points.
Other notes:
The ZET’s real time clock setting should be unchecked, allowing ephemeris to stay on date of analysis. You can also change ephemeris time to match your chart time, or GMT
The next example is AUD/USD. We have loaded the AstroIndicator_Retrograde twice to show both Mercury and Mars retrograde periods.
Mercury was in retrograde Aug 8, 2011 (02:00 GMT), with position of 29-degree 40’ 25”.
The next time it reached the same position was Sept 9, 2011 (01:00 GMT).
A white arrow marks this point, with the 01:00 opening price of 1.0688. The Gann Activator Bars (GAB) were still red during this pullback up, based on high/low from Sept 1st/Sept 6th. It halted near the 61.8% retrace fib, marking a high of 1.06595.
The subsequent decline was large. Moving the Low of the fib plot to Sept 14th, we see AUD/USd make a 161.8% extension to the downside, marking a low of .93864 on Oct 4th. There were 2 pullbacks en route down, while the GAB remained red.
***
The other example on the same chart marks the Mars retrograde high on Feb 2, 2012, and position of 15-degrees 0’ 15”.
The next time Mars reached this position was on June 1st (15:45 GMT), at price of .96860 at close of the 16:00 hour. This was only 4 hours from the 12:00 pivot low of .95800.
The fib plot uses High = Feb 29, 2012 1.8552 and Low = Apr 10, 2012 1.02254. Price made a 38.2% pullback on Apr 27th, and proceeded to make a 200% extension to the downside on June 1st.
We also have BAJA Bullish Divergence. Once the big picture is recognized, we can take a BUY position, with a reasonably tight S/L .
While looking at the 4-hour, we can plot fibs based on high/low May 22nd .99848/May 23rd .96889. The 161.8 fib price of .95390 plus cushion = 156-pip S/L risk.
TP options include:
High of May 22nd .99848, for Reward = 290 pips and ratio 2:1
Low of Apr 10th 1.02254 for Reward = 530 pips and ratio 3.4:1
Tightest S/L would be just below that June 1st 12:00 pivot of .95800. That made risk = 115 pips plus cushion, and increased R/R.
After Sunday's Greek election saw the pro-bailout party prevail, market reaction was a gap up at week's open. The euphoria died, and a reversal took place.
The attached 15-min chart contains session colors (time_modified indicator), HAMA_T3, Gann Activator Bars (GAB), MurreyMath1.0 (MML), and fib plot.
After the Asian open (Tokyo), price swung twice within a 55-pip range, to establish the session's high/low.
The breakout of the Asian Low of 1.2671 occurred during the early European 08:00 period. The downward thrust pivoted during 08:30, and made a 50% retrace.
The fib plot therefore is the European High 1.2705 and 08:30 pivot low 1.2617.
The HAMA_T3 contained the pullback. Trailing your S/L using the HAMA_T3 candle highs is one example.
The GAB remained red throughout decline, and price subsequently made an extension to the 161.8 of 1.2563 during 15:15 GMT, which is the conclusion of the European session.
2 other pullbacks during 11:30 and 14:15 were contained by the HAMA_T3's lower candlewicks.
Another exit option was at the 138.2 extension level of 1.2584, which was hit just prior to the open of the U.S. session 13:30.
Other INITIAL S/L options include 8/8th MML 1.2695, and 06:45 pivot low of 1.2681, and the 08:00 T3 candle's low 1.2686.
Attached is a 1-hour EUR/USD chart with PSQ9 Mars at 45-degree intervals. Wider fib plot; low = June 14th 09:00 1.2541 and high = June 17th 22:00 1.27463.
Now, we plot SQ9(Price) using StartPrice = 1.2724 (June 18th 06:00), and direction down. This candle marked with a "X".
After that June 18th pullback to 1.2724, a strong thrust down bounced off the 61.8 retrace fib 1.2619 during 08:00. This is also near the SQ9 90-degree level.
That set up the hit to the SQ9 135-degree level, which was made during 17:00.
A fib plot using the 1.2724 high and 1.2619 pivot arrived at a 161.8 of 1.2552, which is just about at the 135-degree. The RSI(4) was in oversold level. This was a BUY.
The next opportunity came during the June 19th 03:00 revisit of the SQ9 90-degree level 1.2611. This can also be the take-profit for the last BUY. RSI(4) overbought.
A SELL here respected the recently established pivot low, and retreated to the upside during early European. The move up likely due to cross-pair correlation EUR/GBP drag-up due to negative GBP CPI data.
Our last arrow on this chart points down when price made its first approach to the 1.2724 high, which also was the 0-degree and StartPrice of the SQ9 plot. RSI(4) overbought.
Lurking SELL orders pushed bounce down to the SQ9 45-degree level of 1.2668 during the June 20th 00:00 candle period.
Pair bounced back up and so far, unable to break that 1.2724 high as the European session close and U.S overlap.
On a separate chart (not shown) the MurreyMath1.0 has its +1/8th level at 1.2726 on the 30-min time-frame.
EUR/USD spiking down post-FOMC 16:30 GMT. Just monitor S&R levels. Chasing the market after data reaction spikes can be dangerous as it often whipsaws back, at least partially.
Just deposited a setting for AstroIndicator4 in the Gann Is The Mann thread of the Indicator section.
We list all turning points dating back to 2007, on EUR/USD weekly.
We actually made this plot on the 1-hour last week, using the June 1st low. Height = 7200 (5-digit broker) and width 360 (default).
When we switched it to the 4-hour during the European open, we noticed the support by the blue diagonal 1/2_angle2 0.
That was broken during the 12:00 candle period. Currently price is at the blue 1/2_angle3 0 that fans out from the left side of the box. This level is also the horizontal 54.
The attached AUD/USD daily is a continuance of chart posted with both Mercury and Mars retro-direct signals.
Fib plot was High = Feb 29th (2012) 1.0855 and Low = Apr 10th 1.0225
We'll zoom in on the June 1st 15:45 Buy signal, which was derived from the Mars retro high on Feb 29, 2012. BAJA Bullish Divergence was evident on that pivot low, which was also the 200% extension.
As price ascended, it pivoted at the 138.2 fib and back down to the 161.8.
The set-up for a SELL was at the Low of the fib plot 1.0225. That level was also a take-profit (TP) option on the BUY from the June 1st low. This bounce occurred on June 20th. The 4-hour chart shows BAJA Bearish Divergence.
TP options include back down to the 138.2 level of .9985, plus cushion/spread would be near round number/parity 1.000.
Need to assume lurking bounce traders await here, and may trigger early bounce a few pips above 1.000.
If you draw a horizontal line at 1.000, you'll see how often it was respected and produced a bounce. The overshoot will differ and can stop out tight S/L.
For exit, it is a good assumption to make.
The indicator Stoch OB/OS Candles, set on default, showing red at point of entry. This trade captured about 200 net pips.
Since there was the FOMC verbiage, entry had to wait until things subsided.