A-B-C-D Trade - page 245
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On the 1-hour, we extended previous week's Moon 180 and 135-degree levels in yellow.
These 2 levels bracketed today's U.S. session high and low thus far.
The 14:00 period low also was a -25% overshoot of Mars 180. To plot that, drag the fib channel tool from the Mars 270, up to the Mars 180.
The other labels are:
green labels = overshoot ratios. Some are based on Moon interval on 45-degrees.
yellow label = FC 161.8 from last week's Moon 135 and 180 plot (yellow)
white = horizontal fib plot using swing Low = 1197.40 and High = 1240.40
Extending previous week's Moon levels in yellow illustrates pair's continued respect, with Moon 0 and Moon 225 bracketing today's U.S. session.
Last week's M270 also acted as support during the current week.
The change in levels from week to week are in increments of 31.4, which is 10 X .314 (Pi). Understanding this relationship can be manipulated into reading pivot points, as witnessed by posted examples.
Example of our last statement. This is the same chart, with zoom-in on Oct 24th 10:00 low 1.38208.
Plot fib channel from this week's Moon 180, pulling up to Moon 270. The 10:00 candle closed at the -31.4 level. This is the same location as the previous week's Moon 270.
What occurred was:
The new week relocates Moon 270 31.4% higher.
Oct 24th price overshoot of the current week's Moon 270 was back down 31.4%, to last week's location.
Announcement of an accord to address the European debt crisis emerged during the European session.
Initial details reportedly include banks taking a 50% haircut. They have been reluctant to go beyond the July agreement for taking a 21% loss. Apparently, the threat was to face/plan for a complete Greece meltdown scenario.
As previously rumored, the bailout fund shall be increased 500% to about $1.4 Trillion, Participants include the IMF, and possibly China.
Banks will also be required to shore up their capital. This comes weeks after new IMF chief Lagarde pointed out this problem, which was initially refuted by the governing EU components.
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Attached is EUR/USD 1-hour PSQ9 chart. FC plot is M225, pulling up to M315. This has its FC 161.8 just above the Moon 90-degree, which was touched during the 15:00 just now. More gains likely ahead.
This is also the level of the Mars 180.
Price action was a bit muted upon announcement. During the 07:00 period, price hit the Moon 0-degree and pivoted back down to the Moon 315.
It wasn't until the 12:00 period that price broke out to the upside dramatically.
Interestingly, EUR/CHF moved in opposite direction with traders selling.
We applied the FC and pulled from Moon 90 down to Moon 0-degree to get a calculation for the dips below the Moon 0-degree.
The Oct 26th 08:00 dip was exactly to the 31.4. The current 16:00 candle's dip has just touched the 31.4. This kind of assessment can be a QUICK bounce trade opportunity.
Split-screen, with PSQ9 1-hour on left updated from last post.
On the right is retrace fib plot on 15-min chart:
High = 13:30 1.22365 Low = 16:15 1.21787 (entry)
S/L option includes 127.2 (downside) fib 1.21631
12:00 pivot low of 1.22100 is natural bounce level and a TP option.
These calculations obviously can be done in advance.
Attached 1-hour chart sees price action since start of week, and containment between Moon 45 and Moon 0-degree channel levels.
The Oct 26th 14:00 breakout to the downside traveled just past the Moon 315, and hit support at the Mars 0-degree (red) during 15:00.
Fib channel (FC) plot Moon 225, pulling up to Moon 315. That 15:00 dip was to the -25% of plot, marking price of 1.58896.
We now plot horizontal fibs based on the Oct 27th 02:00 High 1.60338.
A 38.2% retrace was made during 09:00, price of 1.59781 and near FC 31.4.
The U.S. session open pushed pair to breakout above High, with some whipsaw action between resistance at the FC 100 (Moon 45-degree) and supported by the FC 61.8 during the 14:00 period.
A 161.8 horizontal extension (yellow) was achieved during 17:00. The next 18:00 candle's wick touched the FC 161.8 and Mars 180.
This horizontal 161.8 extension is the same as an ABC's plot to the FE100.
The horizontal plot was very straight forward, since it was a major swing, with a perfect 38.2 pullback. Yet there was a probe just above the 161.8 level. This means the market is also respecting other measurements, such as diagonal fibs and the PSQ9 levels.
This kind of information/understanding helps bounce traders, many who trade off the 161.8.
Price bounced down to the horizontal 127.2 level of 1.60730, which intersected the FC100 (same as Moon 45), at Oct 28th 00:00.
1-hour chart with PSQ9 at 90-degree intervals. FC plot M270 to M180 to downside.
Standard Deviation Channel (SDC): Oct 20th 06:00 and Oct 26th 14:00. Price made the hit to the lower channel on Oct 27th 16:00, which intersects Mars 90-degree.
The FC 161.8 was respected after 50-pip bounce up, acting as support since then.
Continuance of our USOIL plot using Gann_SQ9. Level intervals (Angle) set to 360, which is a full circle/cycle.
Last 3 major swings respecting multiples of 360. Most recent is 1800 level 93.25.
Fib fan's 78.6 caught 1800 level high first hit Oct 25th.
The Oct 26th bounce down from that 1800 level went to the 360 level prior to current rebound to 1800.
Applying PSQ9 Moon only at 45-degree intervals on attached 30-M chart.
Low/High horizontal fib plot:
Low = 10-27 09:00 106.088 High = 10-27 18:00 108.125
Can see the consolidation between Moon 135 and 90-degree, prior to breakout on EU debt announcement on Oct 27th.
Price has since decline 50%.
Intra-day fib extension plot:
High = Oct 28th 09:45 107.743 Low = 10:15 107.252
The 138.2 to downside acting as support. This level also -25% on fib channel plot using M90 to M180.