A-B-C-D Trade - page 102
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Same chart - analysis
Once again, here's where we merge our experience. Since the 4-hour divergence method did not catch the turn at the top (swing a), let's take a closer look.
Switch to the 30-min chart, and we can see that there was indeed a divergence signal for that turn on Nov 4th. We also had a 200% extension to that top.
edit: when we said the 4-Hour method did not catch the turn at the top, we obviously meant the probe high (a). The 4-hour signals caught the massive 2500-pip move from beginning (A) to end (D) (161.8).
Same 4-Hour chart, with candles converted to line graph. We then inserted the Heiken Ashi (Smooth) Moving Average T3 with alert.
It did a very decent job of removing the small fluctuations while not lagging an exaggerated amount.
And finally, the HAS_MA T3 on the DAILY chart EUR/USD. Don't worry about the height of the HAS_MA, just look at when it changes color.
Even if a trader doesn't trade off of this daily, he/she can monitor it for guidance of trend.
EUR/USD breakout of Asian low in area of regular 138.2, and 67.5-degree on Gann_SQ9.
4-Hour trend line has merit.
After market cycled through data 08:00-11:00, EUR/USD meandering its way below the 138.2.
Just hit our TP at 161.8
EUR/USD Jan 24th Sequence of Events.
1) Opened with regular 138.2 extension of plot from Jan 20th low to Jan 21st high.
2) 1-Hour trend Line break end Asian Jan 24th, also established and broke Asian Low.
3) Made regular 161.8 extension down, from plot Asian high/low. This also is 38.2 of Jan 20th low to Jan 23rd high. Courtesy touch of Jan 19th pivot high.
4) 30-min divergence caught turn. Ehler's Fisher trigger entry BUY on 15-min chart, at 12:15 GMT open price of 1.3556.
5) HAS_MA_T3 turns bullish color at 13:30/14:00 on 15-min and higher interval charts.
6) Pair makes regular 200% extension, probing slightly higher based on other plots, and pulled back to 161.8, as of this writing.
Will attempt to post charts later.
Cheers
7) 4-Hour divergence signal caught EUR/USD turn on top. 19:00 and 12:00 peak candles.
15-min Ehler's Fisher trigger Entry SELLat open of 16:30 candle price 1.3670.
Now approaching 38.2% retrace 1.3628, from plot 11:30 low to top.
New York closing. Need look at alternative plot with 14:15 low, which places current price at the 50%. Safe exit here, on all intra-day positions.
Divergence alert for EUR/JPY 30-Min.
Pair testing recent high of 112.72. If exceeded and RSI (4) is lower, that would be a signal. We would proceed to the 15-min trigger.
With 5 mins to go, looks like a SELL signal for EUR/JPY.
When the candle peak(s) don't line up with the RSI peak, try going from the 30-min to the 1-hour chart. In this case it worked to give better view.
The 01:00 GMT candle is the 2st peak with RSI(4) reading of 77, The current 07:00 candle RSI(4) needs to close below 77. IT is at 69 now.
We then need to go to our 15-min trigger and wait for a thin histogram bar to close, denoting cross-over to the downside.
We are entering the European open so we expect some volatility.
OK, out at the 138.2, filling 112.38. Entry at08:30 112.60. Have UK GDP data at 09:30.