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Dear friend,
Yes, all trendlines have drawn manually. The more higher TF the more important TL is.
regards
In post 1043,do you draw trendlines manually or using indicator?the old post about TG1 and TG2 did u draw it manually?...sorry for poor english....i dont have money yet to join Kolachi private forum but i really wanted to study about this method seriously..
Hi,
I am not familiar with FXCM trading station II. Median Lines can be placed on Meta Trader. What you can do is that you can open a demo account on any meta trader broker and analyze charts but place trade on FXCM.
kulache
I don't see any tool to draw fibo lines around axis ( ema200) . I am using FXCM trading station II.
For example, please look eu daily chart. I expect here 1.3410 (white TL) a retracement up to black bold trendline around 1.3170.
Dear friend,Yes, all trendlines have drawn manually. The more higher TF the more important TL is.regards
For example, please look eu daily chart. I expect here 1.3410 (white TL) a retracement up to black bold trendline around 1.3170.
thanks zacharakis for your explanation..im sure you making money with this method..keep posting here man..you n guru give me much better in forex trading..thanks for both of you and others who contribute on this thread..
Hi Mr. Kolachi ,
I m going through all the pages here. I have observed from page 80 onwards Mr.Zacharakis has taken over...with his excellent knowledge. But I think the more you go deep in ,the more things becomes complicated. For newbies like me its beyond capacity to understand.Adding more spices makes it bitter. I prefer to stick to basics. " when wma5 changes slop" - that is the main slogan. Results are excellent...what do you say Mr.Kolachi.
Thanks.
Regards,
Sharad
Hi to all,
Today i will try to describe what will be my moves to eu next week:
1. From weekly chart we observe that price closed over TL1 and 55ema but it approaches 1.3555 where 100 and 200 ema are. Also 55ema has crossed 100 and 200 and 21ema is away from 55ema. I expect a retracement here.
2. From daily chart please note how candle 1 crossed TL2 and 200ema. 5wma is strongly upwards. I expect a further move next week up to at least first green resistence line at 1.3692. It will depend from price behavior around 1.3555
3.From 4h chart 21ema is very boolish as well as we have supports from TL3 and TL4. So i do not expect a big down move ( i.e 500 pips or bigger) next week. This is my opinion.
What i am going to do:
Driven from weekly chart my purpose is to enter the market only sell so I will wait price to reach 1.3550. If hourly candle will close above i.e 1.3560 then i will stay out waiting first green resist line around 1.3690. If price will react here forming a slope of 5wma then i will place sell order with TP around 1.3350 on TL4 or near to 100ema in hourly chart. If price will not reach 1.3550 then i will place a sell trade with slope of 5wma in 4h chart with TP near to 55 ema in 4h chart or 1.3200
regards
Hi,
A reversed hammer/engulfing bar is formed in 1h chart.
Placed sell order here at 1.3475 TP 1.3300 Good luck
Hi to all,Today i will try to describe what will be my moves to eu next week:1. From weekly chart we observe that price closed over TL1 and 55ema but it approaches 1.3555 where 100 and 200 ema are. Also 55ema has crossed 100 and 200 and 21ema is away from 55ema. I expect a retracement here.2. From daily chart please note how candle 1 crossed TL2 and 200ema. 5wma is strongly upwards. I expect a further move next week up to at least first green resistence line at 1.3692. It will depend from price behavior around 1.3555 3.From 4h chart 21ema is very boolish as well as we have supports from TL3 and TL4. So i do not expect a big down move ( i.e 500 pips or bigger) next week. This is my opinion. What i am going to do: Driven from weekly chart my purpose is to enter the market only sell so I will wait price to reach 1.3550. If hourly candle will close above i.e 1.3560 then i will stay out waiting first green resist line around 1.3690. If price will react here forming a slope of 5wma then i will place sell order with TP around 1.3350 on TL4 or near to 100ema in hourly chart. If price will not reach 1.3550 then i will place a sell trade with slope of 5wma in 4h chart with TP near to 55 ema in 4h chart or 1.3200regards
Hi,
You all saw how price reacted to TL4 trying to broke previous highs
My position closed to 1.3400 as nothing special was in progress to 1h chart
+74 pips
We wait patiently for new sell signal on 1h chart
regards
http://www.fxfisherman.com/forums/images/editor/menupop.gifacharakis;50942]Hi,A reversed hammer/engulfing bar is formed in 1h chart. Placed sell order here at 1.3475 TP 1.3300 Good luck
Price finally touched 1.3555 as i was correctly predicted.
Wait for hourly candle. If it will close above it, then wait next target near 1.3700. Trend is very strong. It doesnt matter the wide spread of MA
regards
Hi to all,Today i will try to describe what will be my moves to eu next week:1. From weekly chart we observe that price closed over TL1 and 55ema but it approaches 1.3555 where 100 and 200 ema are. Also 55ema has crossed 100 and 200 and 21ema is away from 55ema. I expect a retracement here.2. From daily chart please note how candle 1 crossed TL2 and 200ema. 5wma is strongly upwards. I expect a further move next week up to at least first green resistence line at 1.3692. It will depend from price behavior around 1.3555 3.From 4h chart 21ema is very boolish as well as we have supports from TL3 and TL4. So i do not expect a big down move ( i.e 500 pips or bigger) next week. This is my opinion. What i am going to do: Driven from weekly chart my purpose is to enter the market only sell so I will wait price to reach 1.3550. If hourly candle will close above i.e 1.3560 then i will stay out waiting first green resist line around 1.3690. If price will react here forming a slope of 5wma then i will place sell order with TP around 1.3350 on TL4 or near to 100ema in hourly chart. If price will not reach 1.3550 then i will place a sell trade with slope of 5wma in 4h chart with TP near to 55 ema in 4h chart or 1.3200regards
Thanks so much for this thread, wish I found it two years ago already, learned a great deal on this stuff