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EURUSD 4H
Mar 09 at 09:21
Tham gia từ Oct 09, 2021
5bài viết
Just to update the possible EURUSD move for the next week...
Tham gia từ Sep 01, 2022
22bài viết
Mar 10 at 16:04
Tham gia từ Sep 01, 2022
22bài viết
The EURUSD is currently in congestion on the monthly with 15 bars, including the March bar.
High of the congestion is 1.0929 and the low is 1.0482 (on my chart)
The rule is, not to trade more than 12.5 % above and below the entire spread of the high/low of the congestion, which is approx. 450 pips.
First bar to attempt to trade outside this price range is bar 17.
Best to stay inside the high and low of the congestion.
Use a faster timeframe to sell at the high of the congestion and buy at the low, to trade back into it until bar 17 starts
The high of the monthly congestion was reached on Friday and the close is still higher than the high of the congestion's measuring bar.
A hint: the March bar has barely 1 pip difference between open price and low. I call it a 'hanger'
Hanger prices usually attract the trend to it. Not always right away, but keep in mind that this is the monthly chart.
High of the congestion is 1.0929 and the low is 1.0482 (on my chart)
The rule is, not to trade more than 12.5 % above and below the entire spread of the high/low of the congestion, which is approx. 450 pips.
First bar to attempt to trade outside this price range is bar 17.
Best to stay inside the high and low of the congestion.
Use a faster timeframe to sell at the high of the congestion and buy at the low, to trade back into it until bar 17 starts
The high of the monthly congestion was reached on Friday and the close is still higher than the high of the congestion's measuring bar.
A hint: the March bar has barely 1 pip difference between open price and low. I call it a 'hanger'
Hanger prices usually attract the trend to it. Not always right away, but keep in mind that this is the monthly chart.
A little bit of knowledge is a dangerous thing!
Tham gia từ Sep 01, 2022
22bài viết
Mar 14 at 13:52
Tham gia từ Sep 01, 2022
22bài viết
As I have mentioned above, the EURUSD is in congestion on the monthly chart and currently at the high of the measuring bar. 1.0929
There is a legitimate entry on the daily chart, according to the chart laws, to sell at 1.0902 (minus 1 pip).
Current price is 1.0811
The exit would be the split between high and low of the measuring bar (see above)
There is a legitimate entry on the daily chart, according to the chart laws, to sell at 1.0902 (minus 1 pip).
Current price is 1.0811
The exit would be the split between high and low of the measuring bar (see above)
A little bit of knowledge is a dangerous thing!
Tham gia từ Sep 01, 2022
22bài viết
Mar 14 at 16:19
Tham gia từ Sep 01, 2022
22bài viết
JTrading89 posted:Correction, the current price was 1.0911
As I have mentioned above, the EURUSD is in congestion on the monthly chart and currently at the high of the measuring bar. 1.0929
There is a legitimate entry on the daily chart, according to the chart laws, to sell at 1.0902 (minus 1 pip).
Current price is 1.0811
The exit would be the split between high and low of the measuring bar (see above)
A little bit of knowledge is a dangerous thing!
Tham gia từ Sep 01, 2022
22bài viết
Mar 19 at 09:03
Tham gia từ Sep 01, 2022
22bài viết
JTrading89 posted:Prices slowly start breaking back into the congestion of the monthly chart. The congestion be seen on the attached chart.JTrading89 posted:Correction, the current price was 1.0911
As I have mentioned above, the EURUSD is in congestion on the monthly chart and currently at the high of the measuring bar. 1.0929
There is a legitimate entry on the daily chart, according to the chart laws, to sell at 1.0902 (minus 1 pip).
Current price is 1.0811
The exit would be the split between high and low of the measuring bar (see above)
As mentioned above, the current monthly bar is a 'hanger', and the hanger price of the bar (the low of this month) attracts the trend, but prices have to be in congestion.
The SELL entry price on the daily chart was 1 pip below the low of March 12, which was 1.0902.
A little bit of knowledge is a dangerous thing!
Mar 21 at 16:11
Tham gia từ Oct 09, 2021
5bài viết
JTrading89 posted:ThanksJTrading89 posted:Prices slowly start breaking back into the congestion of the monthly chart. The congestion be seen on the attached chart.JTrading89 posted:Correction, the current price was 1.0911
As I have mentioned above, the EURUSD is in congestion on the monthly chart and currently at the high of the measuring bar. 1.0929
There is a legitimate entry on the daily chart, according to the chart laws, to sell at 1.0902 (minus 1 pip).
Current price is 1.0811
The exit would be the split between high and low of the measuring bar (see above)
As mentioned above, the current monthly bar is a 'hanger', and the hanger price of the bar (the low of this month) attracts the trend, but prices have to be in congestion.
The SELL entry price on the daily chart was 1 pip below the low of March 12, which was 1.0902.
Tham gia từ Sep 01, 2022
22bài viết
Mar 22 at 12:29
Tham gia từ Sep 01, 2022
22bài viết
On Wednesday there was a typical 'STOP RUNNING' action, performed by the 'Market Makers' (Banks and Governments).
Prices went up to close to the high of the monthly congestion (1.0928), Thursday, prices went up a few pips above the congestion high, then went straight down to where they were on Tuesday this week, and today even lower.
Once the 'RULES OF CONGESTION' are understood, it is just a matter of trusting this knowledge and stay in a trade (or get out and in again!)
the goal should be to exit near the center of the Measuring bar (MB - monthly), which is approx. 220 pips below the high of 1.0928.
The low of the MB-monthly is 1.0479 (on my chart)
Prices went up to close to the high of the monthly congestion (1.0928), Thursday, prices went up a few pips above the congestion high, then went straight down to where they were on Tuesday this week, and today even lower.
Once the 'RULES OF CONGESTION' are understood, it is just a matter of trusting this knowledge and stay in a trade (or get out and in again!)
the goal should be to exit near the center of the Measuring bar (MB - monthly), which is approx. 220 pips below the high of 1.0928.
The low of the MB-monthly is 1.0479 (on my chart)
A little bit of knowledge is a dangerous thing!
Tham gia từ Sep 01, 2022
22bài viết
Mar 22 at 12:49
Tham gia từ Sep 01, 2022
22bài viết
STOP RUNNING happens in congestion on long-term charts (day/week/month)
Almost impossible to spot when only one intraday chart is open.
Almost impossible to spot when only one intraday chart is open.
A little bit of knowledge is a dangerous thing!
Tham gia từ Sep 01, 2022
22bài viết
Mar 28 at 09:38
Tham gia từ Sep 01, 2022
22bài viết
JTrading89 posted:A 'hanger price' attracts the trend in long-term timeframe congestions.
The EURUSD is currently in congestion on the monthly with 15 bars, including the March bar.
High of the congestion is 1.0929 and the low is 1.0482 (on my chart)
The rule is, not to trade more than 12.5 % above and below the entire spread of the high/low of the congestion, which is approx. 450 pips.
First bar to attempt to trade outside this price range is bar 17.
Best to stay inside the high and low of the congestion.
Use a faster timeframe to sell at the high of the congestion and buy at the low, to trade back into it until bar 17 starts
The high of the monthly congestion was reached on Friday and the close is still higher than the high of the congestion's measuring bar.
A hint: the March bar has barely 1 pip difference between open price and low. I call it a 'hanger'
Hanger prices usually attract the trend to it. Not always right away, but keep in mind that this is the monthly chart.
The hanger price was the open price of the current month March (1.0799 on my chart)
According to the 'language of charts', there was a clear SELL ENTRY on the daily chart at 1.0902 (minus 1 pip), which I posted some time ago.
The monthly chart is in congestion with 15 bars (see chart).
A trade outside the red lines should not be attempted before bar 17 or higher.
A little bit of knowledge is a dangerous thing!
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