A-B-C-D Trade - page 227
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Support held, and once again traveled from the 137.2 to 61.8 channel lines,
Top is Moon 90-degree (green line on lower left chart).
Lower right chart has yellow extension fibs, based on last swing on 15-min. Top is 138,2 extension.
Our last reference to the green Moon 90 was pointing to last week's position of that line. It was used to plot the fib channel.
The attached shows the current week's Moon 90-degree in red, which acted as the next level up from last posted chart.
Horizontal fib plot (blue) uses
High = pre-Fed Sept 21st 18:00 1.37955 and Low = Sept 22nd 12:30 1.33835.
Our last chart had price hitting 50% retrace. This chart shows the 61.8 hit bounce down to last week's Moon 90 (green).
****
Our observation (page 226, post #2251) regarding first hit of the week to a Moon line (one of the four 90-degree intervals only), omitted that bounces are common with all currency pairs.
We've typed up the general instructions on how to build the charts, the set-up, S/L rules. Trade management is basically left open for user, with some suggestions. Will post during weekend.
Trade will be called the Moonraker.
Split-screen 3 charts. Upper left is 15-M with session colors. Lurking bounce traders near session high1.35939, and round number 1.36000.
Right chart is fib circle and channel. Top is FC 423.5 which has acted as strong S&R.
Lower left also has fib (blue) right there.
European open ahead, bounce traders will make it quick.
Attached is EUR/USD 15-min, with SQ9(Price). Labeled high of 1.36670 from Sept 27th 18:00 was start price for indicator.
Price marked a high of 1.36890 during Sept 28th 10:15 (this morning), overshooting previous High.
Fibo fan(orange): Low = Sept 26th 06:00 1.33613 High = 1.36890 (this morning).
Horizontal fibs (blue) Low = Sept 27th 08:45 1.34802 High = Sept 27th 18:00 1.36670.
***
After the overshoot, price declined and bounced off the 45-degree level of 1.36086. The pullback coincided with the U.S. session open and followed negative U.S. Durable Goods data at 12:30.
We moved the fan's High to overshoot price. If we left it at yesterday's high, its 61.8 ray caught today's 18:00 pivot bottom.
Not shown is the directional fib plot, using 13:15 pivot as Low. This resulted in the 161.8 = 1.35404.
The other plots also had support converging at this pivot low, the SQ9 90-degree, the 50% fan ray, blue 61.8, and the Sept 25th pivot High. It is also the 15-min chart's 4/8th MML. The 15-min candles closed at the 88.6 retrace from day's Low/High.
Note: using the 14:30 pivot low for directional plot was effective also. The bounce off the 18:00 pivot low rose up to this 14:30 pivot.
Attached is continuance of PSQ9 chart with fib channel (FC) plot, left unchanged.
FC was aligned to last week's Moon 180 and Moon 90-degree.
To acquire FC levels between these 2 points, we can apply a 2nd FC, aligned to this week's Moon 0-degree and Moon 90-degree.
Today's 10:00 pivot high was at the 2nd FC 31.4. Other fibs from wider plots there (blue and gold). Candles close respected the Mars 180-degree (red horizontal). BAJA bearish divergence.
Currently. the 19:00 candle price action testing the Moon 0-degree, as the U.S. session approaching close.
Can somebody help me disable this alert? Here's the example when the arc and the fan does not draw properly it makes this annoying alert continuously.
Thanks!
Can somebody help me disable this alert? Here's the example when the arc and the fan does not draw properly it makes this annoying alert continuously.Thanks!
Greeting,
1) Where exactly did you download this version of the indicator? It looks the same as the one we posted, but I want to make sure.
2) Go into the edit function and disable arcs, etc. to see if alert goes away. Turn back on later.
3) While indicator is on the sidebar, right click on it and select "modify". That gets you into the code in MetaEditor. Near the bottom, you'll see the 3 alert instructions. Try deleting the word "alert" for all 3 to see if that eliminates it.
Make sure you save the altered indicator under a separate name.
4) Sorry, we are not coders. If the above is not satisfactory, perhaps you can post your question in the coding section of this web site.
5) Please let community know result, if any.
Thanks
Can somebody help me disable this alert? Here's the example when the arc and the fan does not draw properly it makes this annoying alert continuously.Thanks!
Here is copy where we added option to turn alarm on/off in edit function. Hope this works. Let us know.
The German Parliament is debating the rescue plan.
EUR/USD rose during early European session despite negative Consumer confidence.
Price hit the Moon 90-degree, which intersected the Mars 180, during the 08:00 hour. Bounce down still in effect.
Here is copy where we added option to turn alarm on/off in edit function. Hope this works. Let us know.
Hello!
I got this indicator at forex-tsd from an old thread. I actually like using the arc with the fan and the pitchfork but unfortunately the alert is still there. But when turned off pitchfork option is just fine. When the pitchfork option is on it gives you a different angles with the fibo arc and the fan.