A-B-C-D Trade - page 224
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Split-screen 4 charts. Upper left uses plot:
High = 06:45 1.35710 Low = 08:30 1.35052
200% = 1.34394 just hit during 10:30 period.
Breach now.
Upper right has fib circle and channels. Added more rungs: 236.2, 261.2, 314.2. FC 423.5 ahead.
Lower left MML, price at 0/8th (after it adjusted numbers for levels from previous posted)
Lower right PSQ9, with Mars 0-degree and 161.9 (green) just hit.
30-min with PSQ9. Fib channel aligned to Moon 90 and Moon 45-degree. Price just bounced off 138.2 at about 1746 as gold continues to decline on risk-off atmosphere post-FOMC.
Breakfast conversation
European stock markets getting hammered to tune of 4% declines, follow U.S stock markets' negative reaction to FED's Operation Twisted Sister.
U.S. stock indice futures currently down 2% leading into U.S. open.
Lost in the FED event was IMF statement that European banks face USD 400 billion exposure with sovereign debt. Credit rating agencies also cutting banks' ratings.
IMF Chief and former French Finance Mister, Christine LaGarde, will be on Bloomberg's Tom Keene's show today.
The big question is whether Tom will celebrate the occasion by wearing a bow-tie with French colors, or offer Ms. LaGarde a choice of French croissants or Greek Baklava.
Attached is split-screen on EUR/USD.
Chart on the top is continuance of 1-hour fib channel plot off of SDC, as well as fib circle. Price bottomed at the FC 423.5 during the 12:00 period.
Chart on the bottom is 30-min PSQ9 focused on immediate action. Fib channel plot Moon 180 to Moon 90-degree. The FC 138.2 caught the bottom.
Intra-day directional fib extension plot was previously posted on 15-min as
High = 1.35710 Low = 1.35052
Price hit the 261.8 price of 1.33987 during the 12:30 candle period.
Moving Low to 09:15 pivot low results in same level as the 138.2 extension.
Continuance of XAU_USD. Precise adherence to fib channel levels, with 13:30 pivot low at the 261.8.
Bounce up to the 138.2 off BAJA bullish divergence.
As per last 30-min chart, XAU_USD adhering to fib channel (FC) plot that was aligned to Moon 90/Moon 45.
The 2nd hit to the FC 138.2 during Sept 23rd 01:00 had stop-loss option at FC 100, near Mars 0-deegree. Price 1759 + cushion = 1760.50.
SELL entry 1750.
TP1 at FC 200 (hit during 04:30, price = 1738) R/R 1:1
TP2 at FC 261.8 (hit during 05:30, price = 1725) R/R 2.2:1
***
BUY at FC 261.8 @ 1725, to FC 161.8 1745 = net +19.00
S/L just below Moon 270/Mars 270 1717 = net risk of 9.00
R/R = 2:1
EUR/USD & XAU/USD moved in tandem. Attached split-screen 30-min charts illustrates swings, with top being Sept 21st 18:00 FOMC statement.
Bottom pivot: EUR/USD = Sept 22nd 12:30 XAU_USD = 13:30
Subsequent peaks:
EUR/USD 16:30/18:00/00:00
XAU_USD 16:30/19:00/01:00
***
EUR/USD bounced off Moon 90, which is near Mars 90-degree, during today's 00:00 period. Decline respected support levels at FC 31.4, Moon 45-degree, and FC 61.8. These TP levels represent about 15, 40, and 60 net pips profit.
Attached is 4-hour USOIL, with period separators (right click chart) that partition weeks.
We applied the plot of the Standard Deviation Channel (SDC) to:
Sept 4th & Sept 18th (Sundays)
That represents 2 full weeks, with each week's low at channel bottom. Green boxes bracket Sunday range.
Fib channel aligned to SDC's upper and lower channel lines.
The 3rd and current week:
Price action respected green Sunday price range and trapped between SDC lower channel line and FC 31.4.
Breakout of that occurred during Sept 21st 16:00 period (FOMC was 18:00 within this candle).
Although decline hardly paused, we can see discernible respect of FC 61.8, FC 100, and bottom FC 138.2.
This is an example of incorporating a time element to plot.
Trading breakout of Asian Low 1.34707, will face support at FC 423.5 (upper right chart), ans Mars 0-degree which intersects FC100 (lower right chart). Lower left has 61.8 retrace fib there as well.
Here's the split-screen with 4 charts again.
Upper right 1-hour chart with fib circle and channel shows FC 423.6 acting as support as anticipated. Price ascended with fib circle's 314.2.
Slight overshoot of support, but other support plots had safe S/L levels.
Lower left has 30-min MurreyMathv1.0 (MML) and fib plot that used Low = 1.33835 High = 1.35285. Price stalled at 61.8 (1.34389) but reversed at 78.6 (1.34145). S/L just below 78.6.
Upper left 15-min with session colors and MML. Fib plot: Low = 1.33835 High = 1.35661. Retrace to 78.6 and coincides with MML 0/8th.
Lower right PSQ9 levels, FC, and blue fibs.
Use of HAS or histogram version had blue up to target TP levels (EFT above zero level). Reasonable
expectation back up to minimum 1.35000 level produced 50+ net pips. Price eventually made a 88.6% retrace to 1.35421 level.
***
Pair now retesting FC 423.6.