A-B-C-D Trade - page 250
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1-hour chart with PSQ9 Moon levels at 45-degree intervals. Plot fib channel (FC) Moon 225 to Moon 315, at current week.
As mentioned, one of the advantages to using PSQ9 levels when calculating/plotting extensions, is that the plot points are stationary. We don't have to use a price low/high.
Breakout of the Moon 315 price 1.23270, to the upside, occurred on Oct 7th 08:00 period.
The white diagonal FC expansion levels were respected at each level 31.4, 61.8, and 100%.
The top on Oct 8th 02:00 was a hit to the FC 100 (1.24460), which is always the same as a Moon line of course. In this case, it is the Moon 45-degree. The horizontal Mars 270-degree also there.
This was a 100-pip move. The R/R is relative to S/L selected. We listed options numerous times, so you need to check past posts. We'll mention just one for this example, just below the Mars 135 of 1.22820 + cushion.
Under that scenario, net R/R ratio was about 2:1.
EUR/USD breakout of Asian Low 1.38139 occurred at European open 07:00 period.
Wider fib plot from Monday's low 1.36803 and today's high 1.38578. Just hurdled 50% fib 1.37691.
Previously posted 1-hour PSQ9 withSDC and FC plot still good and price now at upper channel.
Testing GannBox 1/1, but conservatives get out here.
Here's the 3 charts, including hit to GannBox 1/1 price about 1.3737
Price broke support, and fell to next level. On GannBox chart, sitting on yellow 1/3rd line. Other chart shows touch to 161.8.
As the Italian situation built to a head, things boiled over when its P.M. confirmed his forthcoming resignation. Italian bonds and European equities came under severe pressure.
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Let's take the last PSQ9 chart with SDC & FC, that we've been working with. Flip the fib channel to get expansion levels pointing downward. Align with SDC's upper and lower channels.
The 14:00 period made a hit to the FC 100 of this plot (1.3551) and the Moon 180-degree is also there. Currently pressure is testing this level for further gains to the downside.
SDC plot on 1-hour GBP/USD low-to-high : Nov 14th 14:00 and Nov 8th 18:00.
Align fib channel to SDC's upper and lower channels.
Breakout 09:00 1.6066. The 14:00 candle hit the FC 161.8 price of about 1.5909.
U.S. equities joined the selling with losses of 3% or more. We have a 1-hour US30 chart on that CFD, which tries to mimic the Dow Jones 30 Futures.
The SDC plot is easy to see, from low-to-high: Nov 7th 08:00 and Nov 8th 18:00.
Once again, align the fib channel to SDC's upper and lower channels.
The hit to the FC 161.8 just happened during the 19:00 period, marking low 11,734.......for now.
Continuance of our plot. We can see price break the important red 1/1 diagonal Gann fan ray during the 08:00 candle. Gann believed this signals a change of trend. When we make a plot, we look for the 1/1 acting as support on up-trends.
Currently, price at support provided by blue 1/2_angle3, marking low price of 1.3525.
Doesn't look like we posted this GannBox plot for the SPX500 4-hour, so here it is.
Start date/price = Oct 4th 12:00 low 1073.90
Prices (height) = 4050
Times (width) = 360
Once again, we can see support at the red 1/1_angle line. This was broken during the 12:00 period. The drop met support at the horizontal 54 level, which is the 3/8th level.
The GannBox is divided into 8 levels in height and width.
EUR/USD 1-hour with PSQ9 Moon 45-degree intervals.
After yesterday's large decline, we see a bounce.
FC plot from Moon 45 to Moon 135. The pivot at/near -31.4%, and just hit the +31.4 and seeking more. We had listed the risk/reward based on entry at -25.
Use 60 pips between Moon levels. Multiply by 2 since plot is across 2 levels (90-degree total).
If entry at -31.4% and S/L at -40%, the difference is .086.
Multiply .086 X 120 pips = 10 pips risk (+ any spread/cushion)
TP at +31.4%
Add .314 + .314 = .628
Multiply .628 X 120 pips = 75 pips (minus any spread/cushion)
Can use about 6 pips cover spread and cushion/slippage.
Set it up on spreadsheet, it's not that difficult.
The R/R will be about 4:1
If trading to the +61.8, R/R = 6:1.
Remember, on SELL positions, the S/L can increase and TP decrease as time elapses.
You'll see many opportunities for this OS trade through each week. You can mix in other confirmation as per our examples or use your favorites.