A-B-C-D Trade - page 282
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
13:30 had positive U.S Consumption data. The 13:30 candle whipsawed, and together with next 13:45 candle period, continued thrust downward.
The volume indicator was red 13:45 and 14:00, denoting declining volume. The 100% retrace level coincided with nearing U.S. session open at 14:30. PROFIT TAKING.
Plot tight retrace fibs, partial exit @ 38.2 1.3197. Time running out till open, and punch out balance.
Indicator MultiInstrument, with GOLD, EUR/USD, EUR/JPY, and USD/CHF. Setting back 70 bars on the 1-hour.
Use HAS candles for lead GOLD on chart, but left green line chart turned on. Reduced time-frame to 15-min.
Can see GOLD trading in same direction as EUR/USD and EUR/JPY.
USD/CHF trades opposite. They cross path around 07:00 GMT, and begin to separate around 08:30 GMT.
BAJA bullish divergence at bottom. HAS then turns blue for upswing.
Daily chart with MurreyMath1.0 (MML). This pic just taken, with price at 76.19.
Look over the chart, and even zoom out. What do you see and what would you do?
Wave of data, including EU Unemployment 10:00.
EUR/JPY 1-hour featured yesterday Wolfe Wave Leg 5. Slight overshoot at Point 5 met support at 4/8th MML. Just hit Andrew's Pitchfork middle fork. Plot 1-4-5.
USD/JPY - drop down to 4-hour results in additional MML level, which now acting as support. Pair in "intervention zone" and thus very risk on sell side.
Look left to see October 31st 400-pip spike. Stop-loss can be dragged. That low of 75.55 to 3/8th MML 76.17 is BUY zone (now).
***
False EUR/USD breakout of Asian High avoided when staying on sideline through 10:30 (wave of data).
US Consumer Confidence at 15:00
patience
support
bounce
Eur/usd support at 1.3075......and we know usd/jpy support
profit taking end european
EUR/USD made quick 23.6% retrace when hit low of 1.3083. Now testing 1.3075, with 4/8th MML 1.3060 support. This is where S/L is plus cushion. We'll see if it retraces from this level.
EUR/USD retrace plot High = 1.3181 Low = 1.3062
EUR/USD broke support at 75, now extending to downside where support
Mars 0-degree = 1.3045
127.2 = 1.3029, same as 3/8th MML
138.2 = 1.3017
B-C plot has
127.2 = 1.3038
138.2 = 1.3023
and reaction to this
The small and very quick retrace at 83, to the 23.6 was all that 75 support level produced.
***
Meanwhile USD/JPY BUY looking good thus far at 76.31
EUR/USD buyers that got in off 1.3040 bounce had TP levels (based on 1.3181 high)
23.6 = 72 (just hit)
38.2 = 94