A-B-C-D Trade - page 142
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Attached 30-min USD/JPY illustrates break of 84.50 support. The MurreyMath_1.0 indicator bracketed move from the 5/8th to the 2/8th lines.
The bottom is a 200% extension from 22:00/01:00 fib plot.
Raised from 5 to 7. Chernobyl was a 7. Three-Mile Island (U.S.) was a 5.
As per last post on pair, retraced to 50% fib and PSQ9 support, per chart #1. That bottom was also the regular 161.8 on another plot we pointed out, per chart #2.
Euro session brought pair back up. Quick bounce trade off previous top for 30 pips.
Here is pair before and after U.K. CPI figures surprisingly came in lower than expected at 08:30 GMT. We have the same indicators as recent posts.
Fib plot is Apr 7th low .87233 and Apr 11th high .88580.
En route up, candle bodies stayed above Heiken Ashi MA (HAMA).
Apr 11th 14:30 pullback was 50%. It was a quick hit, as represented by long candle wick, after sitting on the 38.2. This also triggered a BAJA bullish divergence. Pair gingerly walked upwards, ahead of U.K. CPI.
Post-data, pair spiked to the 138.2 extension and bounced about 25 pips to HAMA support.
Attached is EUR/USD 30-min chart with triangle indicator, which also draws profit target in both directions.
The 1st profit level to the downside (blue horizontal lines) 1.4410 is also the FE 100 from ABC plot, as well as the 38.2% retrace of wide plot using Apr 7th low.
The lower trend line of triangle uses low pivots from Apr 12th 15:00 1.4436 and today Apr 13th 01:30 1.4453.
Info in upper left hand corner of chart list target prices, etc.
EUR/USD
The last post's triangle had the upper profit levels above the significant high 1.4518, which proved to be too hard to break. On the 2nd attempt, A BAJA divergence developed for the short.
15-min trigger enabled entry at 1.4503, per 1st chart. Completion of a "M" pattern would place this leg at the 78.6% fib 1.4454, when using low = 15:00 1.4436. The 61.8 = 1.4468 (just hit).
Chart has wider plot with Apr 12th 06:00 low of 1.4378.
2nd chart is PSQ9 with HAS.
The triangle indicator readjusts. This chart is the 1-hour which had plotted lower trend line at 01:00 and 08:00.
The break was 13:00 open price 1.4496. Profit levels are 1.4480 and 1.4467 (hit).
Updating the CFD USOIL, we last posted its approach to the downswing's 360-degree level of 109.22. Attached is a 4-hour chart with indicator Gann_SQ9.
It has since made it to the 675-degree level of 105.59 and bounced. Notice the BAJA bullish divergence on the Apr 12th 16:00 RSI(4).
30-min EFT trigger entry at Apr 12th 20:30 open price = BUY 106.01.
Plot retrace fibs (not shown) from Apr 12th High = 10:00 110.2 and Low = 16:30 105.45. This produced 38.2% fib = 107.26 (just hit).
Also on chart is Heiken Ashi Moving Average (HAMA).
Updating this week on the 30-min, we can see 7 hits to the support & resistance levels of the Planetary SQ9 indicator, which is applied 4 times on the chart as mentioned on previous posts.
The blue arrows point to the 2 BAJA divergence formations.
The Apr 13th sell entry of 1.4503 had been covered on post # 1417. The trade/move stopped exactly at the PSQ9 support line (1.4413) during the 18:00 candle, for +90 pips.
The 2nd BAJA was bullish on Apr 14th 01:00. The low was slightly below the PSQ9 support, but right at our horizontal 50% fib from Apr 8th low 1.4290 and Apr 12th 1.45183 high.
15-min EFT trigger entry at 01:45 price 1.4424. This buy move went up to near top 1.4513 for +89 pips.
***
From there, pair made a reversal to the downside to the 138.2% extension as defined by the yellow fibs on the chart, and below the PSQ9 support for the 1st time this week. This low is also at the 61.8 blue fib from the aforementioned wide plot.
It bounced off the 138.2, well you get the picture. This week will probably be described as consolidation, or choppy trade. However, with the proper tools and understanding, you can trade it effectively.
Cheers.
hi thanks baja
File Type: mq4 Ind-TD-DeMark-3-1_eng.mq4 (14.8 KB, 2 views) , this indi is usefull , pls recommend the intervals to use in different pairs ,eur/usd ,gbp/usd
ur all comments and updates are highly usefull thanks again and keep it up