ZLINES...

[brettnchrism]

Right now watching EURAUD up h4 mo, already wicked the max zero line but h4 still red, hour and m15 green. Would you wait for next h4 to open before looking to get long?

My orginal post either didn't post of disappeared but here it is again.

You could have gone long at the price marked as the 4hr was just shy of turning green. but if a 15 min bar closed back under the 4hr open turn the 4hr red and printing a red 15 min bar I would close the long and look to short or at the very least hedge a short.

Thanks I can see that, today was mixed day, nothing really clear they didn’t get moving until later in day.

[Mr. Hyde]

ok watching GU going with long momo, h4 and h1 green m15 pullback to zline for long at arrow? Would this be correct?

I personally cant say that a long was wrong. You had a 1hr momo (but it didn't close higher then something, so I would be careful). If you were still trading at 12 est ( I wasn't and don't trade after the 1st 4 hours of the US open) you actually had a nice sell set up.

[Mr. Hyde]

Right now watching EURAUD up h4 mo, already wicked the max zero line but h4 still red, hour and m15 green. Would you wait for next h4 to open before looking to get long?

My orginal post either didn't post of disappeared but here it is again.

You could have gone long at the price marked as the 4hr was just shy of turning green. but if a 15 min bar closed back under the 4hr open turn the 4hr red and printing a red 15 min bar I would close the long and look to short or at the very least hedge a short.

Thanks I can see that, it was a slow day they didn’t move much for me, I watch uj, Eu, ej for now waiting on a h4 mo candle takes much patience.

Yea Mondays are normally when I just try to bag some pips to cover any loses I take during the week or if I have a long term view to see if there is a reason to enter and hold for a while.

Yea it does take patience, but it does pay off.

[brettnchrism]

Ok here is gu shot mo at the 50% line, I have an hour that closed below the up candle small pull back and I went short at the arrow candle, stop is at the swing high. I believe this is a good sell set up?

[Mr. Hyde]

Ok here is gu shot mo at the 50% line, I have an hour that closed below the up candle small pull back and I went short at the arrow candle, stop is at the swing high. I believe this is a good sell set up?

Well first I wouldn't be trading right now. 2nd your not at a 4hr or 1hr 50% area or where a 1hr/4hr candle broke out. The only reason I could see taking that trade would have been a close over/close under of a dragon line. Not saying its right or wrong, its just not a trade I would take.

[Mr. Hyde]

Here is a 1hr chart w/4hr overlay. Black fibs show potential 4hr/1hr area's. Green fib is from swing low to swing high. Top blue line is a 1hr and 4hr dragon line at the open of a 1hr and 4hr momo candle. 2nd blue line is where 1hr momo closed under a pointy place and lines up at the 50% area. and 3rd is R turned S that also marks a 1hr dragon line.

I have no idea what price will do or what candles it will print today, but for right now these are area's of interest for me and are pre planned and though out so I don't have to go scrambling looking for them while im trading.

[brettnchrism]

Here is a 1hr chart w/4hr overlay. Black fibs show potential 4hr/1hr area's. Green fib is from swing low to swing high. Top blue line is a 1hr and 4hr dragon line at the open of a 1hr and 4hr momo candle. 2nd blue line is where 1hr momo closed under a pointy place and lines up at the 50% area. and 3rd is R turned S that also marks a 1hr dragon line.

I have no idea what price will do or what candles it will print today, but for right now these are area's of interest for me and are pre planned and though out so I don't have to go scrambling looking for them while im trading.

I have same fibb area thanks for pointing out the pointy places make since. I also have 4 hour mo on ej and uj. Im in florida so next market will be ny session until 12 noon. My gu trade i posted worked out no draw down and +14 as I am typing looking for 20 min.

[Mr. Hyde]

Here is a 1hr chart w/4hr overlay. Black fibs show potential 4hr/1hr area's. Green fib is from swing low to swing high. Top blue line is a 1hr and 4hr dragon line at the open of a 1hr and 4hr momo candle. 2nd blue line is where 1hr momo closed under a pointy place and lines up at the 50% area. and 3rd is R turned S that also marks a 1hr dragon line.

I have no idea what price will do or what candles it will print today, but for right now these are area's of interest for me and are pre planned and though out so I don't have to go scrambling looking for them while im trading.

I have same fibb area thanks for pointing out the pointy places make since. I also have 4 hour mo on ej and uj. Im in florida so next market will be ny session until 12 noon. My gu trade i posted worked out no draw down and +14 as I am typing looking for 20 min.

Aweswome. Pips are pips.

Here would have been a picture perfect trade from yesterday. I would bet that Dragon and PTG would have traded it almost the same.

You had a 50% retrace on the 4hr from swing high to low, that was also at the same area of a 4hr momo 50%, which was almost the same area as the breakout short. 3 different reasons for a horzi line, all 3 almost in the same spot. Confluence.

Drop down to the 15m. We see price made a daily high and 1hr wick high that price couldn't close over at 5am est. Then at 10 am we get are red 15m bar down that turn the 1hr and 4hr red. Took a short rat trade at 131.20, hard stop at 131.40. Then you had a chance to add right at 12 est. The 3 red x's show possible exits.

EURJPYH4.png (35.56 KiB) Viewed 2166 times

EURJPYM15.png (51.09 KiB) Viewed 2166 times

[arkan1976]

Good morning !
nice charts friends.
Mr. Hyde, same trade yesterday EJ hehehehe.



I saw this : yesterday trade
1.- 3 sema
2.- 15m dont make new highs
3.- new Dragon Line 1h
4.- price closes below 1h 50%
5.- 50% area becomes a resistance.
6.- sell with 4h and 1h in red

[arkan1976]

GBPUSD nice !
I like more to take the reversals, but here I saw a good oportunity.
This has been with 1h momo.