The idea's we trade by, so we never lose again. p2. The students become the masters

[Mira]

Nice double top with, with its measured move putting price right at R turned S. Slidding parallels give a nice possible place to enter (also look at the 4hr chart def a place I would look to enter at).

eurusd-d1-fx-choice-limited.png

Looking at the weekly makes me like it even more.

With ya

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[Mr. Hyde]

I lied

[LeMercenaire]

Nice idea! We should try!
I need to learn to code some basic stuff.. I was thinking that DAILY lines from EIGHTS could work in a similar way!

Scalping off pivots is a whole new bottle of wine!

Well pop the cork and pour it up.

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[LeMercenaire]

Wow nice little topic on SD going. Cool. I will propose some questions and scenarios latter this week to get your guys take on it.

Lem, have you noticed on UC does the dollar index trump oil in the pair of vice versa? Also yea on the CJ isn't Japan like the 2nd largest user of oil or something, hence why its such a good pair to watch (learned that while researching ML's). I like your hurry up and wait comment. I feel like a lot of pairs are either at a area or interest or just getting there which is holding me back from putting on any longer term trades with any conviction.

I never really looked or noticed that AJ and CJ move in step lock. Is this a pretty common occurrence in your experience.

Lem and Mira would love to see an actual chart mark up of a S/D trade taken.

The Dollar tie to Oil is much more complex than one could at first imagine. It's all very well saying that well, oil is priced in Dollars so if it goes up in price, the Dollar is directly effected and will weaken. However, the US is also a producer of oil and so if price goes up, its revenues will go up, so Dollar gains. Not a huge offset but certainly some.

However, everyone else has to buy oil also. They buy oil in Dollars. They need more Dollars. See how it goes?

As a coincidence, I have just been reading an interesting article on how shale oil is having an impact on these relationships. It's an old piece but interesting nonetheless.

https://www.businessinsider.in/The-Shal ... 731498.cms

For now and for the foreseeable future, if you want a rock-solid correlation, look no farther than UC.

As for CJ, the one thing that tempers any involvement there, is the fact that the Japanese Govt just loooovvveeee to stick their noses in. It's interesting and useful, yes but one to be careful around.

[Mr. Hyde]

These are more or less for me and to see how price plays out.

Like this ML better

[Mr. Hyde]

I lied

Well that worked out better then expected. Quick and easy 90 pips and one more long still open.

[LeMercenaire]

Wow nice little topic on SD going. Cool. I will propose some questions and scenarios latter this week to get your guys take on it.

Lem, have you noticed on UC does the dollar index trump oil in the pair of vice versa? Also yea on the CJ isn't Japan like the 2nd largest user of oil or something, hence why its such a good pair to watch (learned that while researching ML's). I like your hurry up and wait comment. I feel like a lot of pairs are either at a area or interest or just getting there which is holding me back from putting on any longer term trades with any conviction.

I never really looked or noticed that AJ and CJ move in step lock. Is this a pretty common occurrence in your experience.

Lem and Mira would love to see an actual chart mark up of a S/D trade taken.

Ran this as my morning DAX trade, so figured it would be as good an example as any. I'm afraid that The DAX moves so fast on this set-up that I can't get screenshots as it actually happens. Besides that, I have charts up on a number of different screens but place my trades on my live broker, so any trade entries etc wouldn't show anyway.

Here's the major overview. What looks like a rock-solid Demand Zone has us set up for a long bias this morning at the open...

.DE30.H1majorplayoutofSolidDZ5thMar18.png (32.77 KiB) Viewed 2427 times

Sure enough, that's what we got...

.DE30.M5asKinfo5thMar18update.png (29.03 KiB) Viewed 2427 times

The m1 shows how you could add-in on the way up...

.DE30.M1ashowucouldaddin5thMar18.png (33.23 KiB) Viewed 2427 times

[Mr. Hyde]

Price labels on right are entries and on left exits. Did the same on GU, GJ. 1 win and 1 loss on EA.

[Mr. Hyde]

Just sold GU

[Mr. Hyde]

Dashed lines are a triangle. Pink lines are trendlines that increase by double. Yellow shows a possible path for price. Black is support turned resistance. Fibo shows how the 50% is almost at the same level as possible resistance. Blue show the measured move of the last move down and how it lines up almost perfectly with the target of the triangle. 1.3500 seems like a good target. Match's with the daily and weekly to.

Remember this picture. Its why I just sold GU. Look how price so far is following my path of "what if". Will it continue to, who knows.