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PERPETUUMMOBILE (PERPETUUMMOBILE)
Oct 24 2014 at 08:00
136 posts
EUR/USD signal:
watch the 4 hr. chart change to the next bar.
If the high of the current bar stays at least 1 pip below the high of the last finished bar - then this is a major buy-stop entry formation.
Buy @ 1.2676 (bid)
stay in the trade to the next reverse-hook to near 1.2735 - or even to near 1.2750


"a little bit of knowledge is a dangerous thing"
sherifFares
Oct 24 2014 at 10:00
454 posts
I am still waiting on the 4 hours chart for the break under 1.2620 or a rebound from the support levels to decide an entry point

bewayopa
Oct 24 2014 at 14:34
372 posts
The EUR / USD has not been as active as it had used in the past weeks.
Known today were the sales of new housing in the United States in September with values ​​0,467M to stay above the previous value of 0,466M but below 0,470M representing the market consensus.

PERPETUUMMOBILE (PERPETUUMMOBILE)
Oct 24 2014 at 14:49
136 posts
Trade reference EUR/USD buy-stop @ 1.2676:
according to the rules of the chart-language, this is still a valid trade entry price on the 4 hr chart.

"a little bit of knowledge is a dangerous thing"
PERPETUUMMOBILE (PERPETUUMMOBILE)
Oct 24 2014 at 14:52
136 posts
A trading range is defined by 21 or more bars, where bars 21 through 29 historically have the best chance to break out of the range.
When looking at the 1 hr. chart (EUR/USD), the range is currently on bar nr. 27
If the range trades beyond bar 30, chances are that a trading range will build on the 4 hr. chart.
This rule applies to any chart time-frame.

Often price congestions start and end with a doji-bar. 2 in a row can be seen on the 4 hr. chart (last 2 finished bars)

"a little bit of knowledge is a dangerous thing"
PERPETUUMMOBILE (PERPETUUMMOBILE)
Oct 24 2014 at 14:55
136 posts
As I have mentioned in my previous posting, bars 21 to 29 have the best chance to break.
When you count the bars on the 1 hr. chart, bar nr. 29 was the bar that broke and closed outside of the MB (measuring bar from Oct. 23 @ 11.00 AM).
The 4 hr. chart had 2 doji bars in a row, which also indicated a possible end of the consolidation.
A price consolidation consists of 10 bars or less.

"a little bit of knowledge is a dangerous thing"
PERPETUUMMOBILE (PERPETUUMMOBILE)
Oct 24 2014 at 14:55
136 posts
How to trade out of a trading range:
Take the most recent lowest point of the range (1.2633), call it the bar "zero"
This bar is followed by 3 bars, each one of them has a higher low than the preceding bar (must be at least 1 pips difference).
If the 3rd bar (after the "zero" bar) is an inside bar (higher low and lower high than the preceding)
then buy 1 pips above the high of the inside bar.
In this case the price was 1.2653 (+ 1 pips)
Prices rose 40 pips from the entry price.

"a little bit of knowledge is a dangerous thing"
victoriajensen
Oct 24 2014 at 15:43
1117 posts
I didn't expect that Friday would be so uneventful. Nothing interesting is happening and I think we might have to wait for Monday before we see any major change in the EUR/USD chart. Have a fun weekend, everyone.

csc2009
Oct 25 2014 at 00:13
834 posts
victoriajensen posted:
I didn't expect that Friday would be so uneventful. Nothing interesting is happening and I think we might have to wait for Monday before we see any major change in the EUR/USD chart. Have a fun weekend, everyone.


I agree, there was no volatility yesterday.

sherifFares
Oct 25 2014 at 08:13
454 posts
it was a very slow friday EUR/USD was trading around the support unable to break it. I think we will see a correction with the start of next week price most probably will test 1.2700

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