Kolachi Method of Trading - page 108
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Your welcome my friend,
but i am not a guru i am just like anyone who tries to enter correctly to the market based on KM and some other tools that i deem they are usefull.
Anyway, next Monday a new week begins and all show that euro will go higher.
From weekly chart price closed over 100 and 200ema and it seems that 100 is ready to repulsed from 200 but 55 has crossed both of them. We will have a retracement but when?
From daily 5wma is enough to show us the trend. Most probably is price to cross 1.3820 and go rapidly to 1.4020 resistence where there is also 100% Fibo extension. Next resist are 1.4220 and 1.4600 where pass and TL7.
I dont know if TL9 is trying to form a weekly channel so my purpose is to sell euro near 1.3820 SL 30pips TP near 1.3550
Good luck
thanks guru for your contribution...it's very clear to me ...i will focus price at 1.3820 and 1.4020..
Your welcome my friend,but i am not a guru i am just like anyone who tries to enter correctly to the market based on KM and some other tools that i deem they are usefull.Sell euro 1.3809 SL 1.3849 TP 1.3550Good luckAnyway, next Monday a new week begins and all show that euro will go higher. From weekly chart price closed over 100 and 200ema and it seems that 100 is ready to repulsed from 200 but 55 has crossed both of them. We will have a retracement but when?From daily 5wma is enough to show us the trend. Most probably is price to cross 1.3820 and go rapidly to 1.4020 resistence where there is also 100% Fibo extension. Next resist are 1.4220 and 1.4600 where pass and TL7.I dont know if TL9 is trying to form a weekly channel so my purpose is to sell euro near 1.3820 SL 30pips TP near 1.3550Good luck
Sell eu 1.3809
SL 1.3840 TP 1.3550
REGARDS
Your welcome my friend,but i am not a guru i am just like anyone who tries to enter correctly to the market based on KM and some other tools that i deem they are usefull.Anyway, next Monday a new week begins and all show that euro will go higher. From weekly chart price closed over 100 and 200ema and it seems that 100 is ready to repulsed from 200 but 55 has crossed both of them. We will have a retracement but when?From daily 5wma is enough to show us the trend. Most probably is price to cross 1.3820 and go rapidly to 1.4020 resistence where there is also 100% Fibo extension. Next resist are 1.4220 and 1.4600 where pass and TL7.I dont know if TL9 is trying to form a weekly channel so my purpose is to sell euro near 1.3820 SL 30pips TP near 1.3550Good luck
I lost 30pips.
Euro is travelling to 1.4000-1.4020.
Regards
Sell eu 1.3809 SL 1.3840 TP 1.3550REGARDS
Euro this time local time is 1.3913. Remember my words. Expected it 1.4000-1.40200. This is a very round number. This point is 100% FE.
regards
I lost 30pips. Euro is travelling to 1.4000-1.4020. Regards
Finally euro touched FE 100% at 1.3993 7pips left from great daily resistence 1.4000.
Sell here with 200pips TP SL 1.4220. As you can see i risk near daily resistances even if a wise man should wait the cross of TL4 on 4h chart . Possible cross of 1.4220 will push euro to next resist of 1.4200
regards
Euro this time local time is 1.3913. Remember my words. Expected it 1.4000-1.40200. This is a very round number. This point is 100% FE. regards
-30pips
Euro crossed 1.4020. Expect it to go higher approaching 1.4220.
At this time of progress forget any slope change. We are looking for an engulphing bar or a strong reversed hammer on 4h chart or broke of TL4 to enter short
regards
Finally euro touched FE 100% at 1.3993 7pips left from great daily resistence 1.4000. Sell here with 200pips TP SL 1.4220. As you can see i risk near daily resistances even if a wise man should wait the cross of TL4 on 4h chart . Possible cross of 1.4220 will push euro to next resist of 1.4200regards
Requested bar on 4h chart was formed
Entered sell with 3x trading lots at 1.3950 TP 23.6% Fibo retracement around 1.3700
Regards
-30pipsEuro crossed 1.4020. Expect it to go higher approaching 1.4220.At this time of progress forget any slope change. We are looking for an engulphing bar or a strong reversed hammer on 4h chart or broke of TL4 to enter shortregards
price just hit 1.4020 a few hours ago..reversal candle to be formed at D1..going for sell..
Hi,
Two days ago my positions closed just when 5wma repulsed by 200ema in 1h chart at 1.3820, so 3x130pips=390pips
Now sell again 3 lots at 1.4112 just when price touched TL4 at 4h chart. T
P around 1.3800
Regards
Requested bar on 4h chart was formed Entered sell with 3x trading lots at 1.3950 TP 23.6% Fibo retracement around 1.3700Regards