The trap is set off the oldes pattern, and I am just waiting for the
price to test the median line hopefully making an energy point with a
fibonacci related level so I can pull the trigger with a demo trade.
There were two energy points before (circled in red)
The red line parallel to the median line is the Alert.
Im
also monitoring how it plays with the other ongoing pattern which at
the moment of the screenshot had not been confirmed as successful yet
(15% retracement)
UPDATE: Entered the trade, and stopped it at MSL for approximately 1% loss.
viernes, 27 de octubre de 2017
viernes, 20 de octubre de 2017
jueves, 19 de octubre de 2017
USDCAD 30 - Two Harmonics
It may be a higher chart due to the size of the fork into play.
Orange pitchfork: It is a very old fork that was left in the chart. Price is currently dancing around the ML. I am waiting to get a TTP and +2 pips pullback to pull the trigger on buy.
White fork is a Traditional Charly-Delta waiting for more confirmation Downward blue fork at the moment.
Panoramic view: The circles are TTP to Fibonles that were hided to avoid saturating the chart
Is this organge fork too old like to consider it tradeable?
Orange pitchfork: It is a very old fork that was left in the chart. Price is currently dancing around the ML. I am waiting to get a TTP and +2 pips pullback to pull the trigger on buy.
White fork is a Traditional Charly-Delta waiting for more confirmation Downward blue fork at the moment.
Panoramic view: The circles are TTP to Fibonles that were hided to avoid saturating the chart
Is this organge fork too old like to consider it tradeable?
EURAUD 15 - Two Harmonics
Lets imagine the price moved into the red box to make a TTP touch on
the blue fork's ML... would that had been considered as a ML test since
the price move from TTP3 to D ? Would that had been a good trade
opportunity?
Notes about the chart: There are two different patterns from the scan. CD of the first parttern is AX of the second parttern. There are 3 forks (one of them grayed out a little bit because it is irrelevant to my question at this moment)
Notes about the chart: There are two different patterns from the scan. CD of the first parttern is AX of the second parttern. There are 3 forks (one of them grayed out a little bit because it is irrelevant to my question at this moment)
GBPCAD 30 - Two old BF pitchforks
I'm interested in the approximation to the 2.5 Warning line of the white
pitchfork. I am wondering if it would be tradeable considering the
touches in all the other lines on both forks
Panoramic view:
Panoramic view:
miércoles, 18 de octubre de 2017
EURUSD 15 - Setup
It may look saturated, but I like this one because there are 3
pitchforks and one scan. I like how there are touches everywhere,
warning lines, fibonels, energy points, etc. Some of the touches are not
100% TTP, but I think it is ok since some of the forks are very old.
Note: The Orange fork is Schiff (dont ask me why.. I just know I draw it like that almost one month ago and it was left there in the chart.
Panoramic view:
Blue fork's warning line playing with point C of scan (it may be not TTP, but very close)
Note: The Orange fork is Schiff (dont ask me why.. I just know I draw it like that almost one month ago and it was left there in the chart.
Panoramic view:
Blue fork's warning line playing with point C of scan (it may be not TTP, but very close)
NZDJPU 15 - Setup
Charly-Delta DEMO TRADE
1% total risk
BF X-C Fork gave me more touches than BF X-A Fork. I grayed it out because it is irrelevant at the moment.
Trad C-D Fork off the Scanner and X-C fibo retracement
Entry point indication:
1% total risk
BF X-C Fork gave me more touches than BF X-A Fork. I grayed it out because it is irrelevant at the moment.
Trad C-D Fork off the Scanner and X-C fibo retracement
Entry point indication:
USDJPY 30 - Setup
Look inside the red rectangle.
I did not get in that trade because there were no TTP touches to the MLH. The TTP touche was missed by 2 pips on 5 30-min candles.
Zooming up to 1-min candles I dont see exact TTP touches... here is where I come to think how much accurate a TTP touch is. Any opinion?
Edited: There is other bigger pitchfork but I did hide for this post to remove distractions
Answer 1: TTP touches need to be strong and a breakout from the other candles, not bunched together like in your chart.
Someone asked: "I've seen you mention MLH several times but I don't know what that means? Median Low High? I'm guessing it's a reference to the fork lines?"
My Answer:
I did not get in that trade because there were no TTP touches to the MLH. The TTP touche was missed by 2 pips on 5 30-min candles.
Zooming up to 1-min candles I dont see exact TTP touches... here is where I come to think how much accurate a TTP touch is. Any opinion?
Edited: There is other bigger pitchfork but I did hide for this post to remove distractions
Answer 1: TTP touches need to be strong and a breakout from the other candles, not bunched together like in your chart.
Someone asked: "I've seen you mention MLH several times but I don't know what that means? Median Low High? I'm guessing it's a reference to the fork lines?"
My Answer:
lunes, 16 de octubre de 2017
Intrepretando las observaciones de Andrew
From Andrews observations, when the price passes through the ML with a plung, most likely the price will come back and test the ML before continuing move in the original direction towards the MLH.
Does that test apply also for when the price comes from outside the fork and passes through the MLH going inside the fork? (pass the MLH with a plung and then test it before continung move in the original directly towards the ML)
Answer: It could go straight to the median or come back and test the parallel first. Draw more forks, look for high percentage moves. Too attached to squeezing pips out of nothing clear. 5 pips.
Does that test apply also for when the price comes from outside the fork and passes through the MLH going inside the fork? (pass the MLH with a plung and then test it before continung move in the original directly towards the ML)
Answer: It could go straight to the median or come back and test the parallel first. Draw more forks, look for high percentage moves. Too attached to squeezing pips out of nothing clear. 5 pips.
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Lets imagine the price moved into the red box to make a TTP touch on the blue fork's ML... would that had been considered as a ML test ...
