A-B-C-D Trade - page 231
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Here is USD/JPY. Horizontal fib plot in yellow:
Low = 78.486 High = 77.249
Fib channel plot Moon 90 to Moon 180-degree.
Price now at Moon 180, and we have a BUY opportunity. THis is also the 38.2 horizontal retrace level.
S/L below -31.4 and just below Ichimoku cloud and yellow 78.6 fib.
TP levels include:
FC 31.4,
Mars 0-degree (red),
FC 61.8
Split-screen with 4 charts.
Upper left is continuance of EUR/USD with SDC, dubbed "While My Euro Gently Weeps" . Price just hit upper channel line for short. It is also 38.2% retrace level from Sept 30th high of 1.34599 and today's low.
Lower left is chart posted today on USD/JPY MOONRAKER.
Upper right is EUR/JPY with SDC plot using:
Sept 29th 14:30 high 104.914 and Sept 30th 13:30 low 103.017.
This allowed short when price hit mid-channel Oct 3rd 05:30 102.820. That entry level also Low of yellow horizontal fib extension plot. Its 161.8 = 102.295 and near channel bottom.
Lower right Is USD/JPY 15-min, with horizontal fib plot: High = 77.249 Low = 76.953.
The 161.8 = 76.770 and created a BUY opportunity. This area is also the -31.4 (support) of MOONRAKER plot. Exit effected at Low area 76.953.
Had this EUR/USD Daily APF plot for some time, but not sure if posted. Added FC and AstroIndicator4 SE_Moon.
APF plot:
Handle = June 7, 2010 low 1.1921
Upper corner = Nov 4, 2010 high 1.42811
Lower corner = Jan 9, 2011 low 1.28745
Fib channel aligned to APF's middle and lower forks.
RSI(4) with Levels = 80/20
AstroIndicator4 SE_Moon has islatitude = true
The AstroIndicator4 does not give direction of turns, thus the RSI(4) to guide O/B O/S.
S&R also can be used to determine direction of turns. Examples include the early May top at the pitchfork's mid-channel, May 13th hit to APF lower channel, Sept 12th low at the FC 161.8,
The AstroIndicator4 with setting for islatitude = true.
9 signals for turning points when corresponding RSI(4) in O/B or O/S 80/20.
Indicator plots into the future.
Added Standard Deviation Channel (SDC) with high/low plot April 28th to Sept 22nd (yellow "X").
This allows experienced trader to take the Sept 29th peak as a SELL signal. Candles respected/closed below the SDC lower channel line.
It corresponded with the Astro4 turn, and RSI(4) bearish divergence.
Entry = Sept 30th open price 1.56080, and recently dipped to 1.54496, for gross gain of 158 pips.
S/L just above Sept 29th pivot high 1.57147. Risk about 115 pips.
The 61.8% retrace = 1.54749 and currently price sitting right there.
We zoom in on this signal that only 10 pips to the upside. Plot was posted. We added the SDC (orange) with high/high plot Sept 27th 20:00 and Oct 2nd 22:00.
Pair bounced from yellow 38.2 up to the 23.6. That was all, as fear hadd Yen strength even outweighing USD.
We also posted a quick trade when price hit the -31.4, with exit back up at the 08:00 pivot low area. That exit level also was at the yellow 38.2 fib.
Switching the chart to a 15-min will show that the exit level is right at the bottom of the Ichimoku cloud. Candles closed below the mid-channel.
Although this may be called "adding to a losing position", and in many circles, is not advisable, we clearly had our reasons.
A trader's maximum risk percentage is always the consideration when adding positions. If the first BUY represented half of the risk allocation, then it would be alright to make the 2nd BUY trade.
When we use the term maximum risk percentage, it defines the total risk, as a percentage of account, at any given time. It can be a total of multiple trades or just one trade - that are still open.
We added fib channels to the downside in green. On the 15-min, we can see
Price unable break above SDC lower channel.
Price drops down and stalls at the 2nd hit to the 31.4 before
dropping down to the FC 61.8, which intersects the red Mars 270-degree.
Nice little 15-pip bounce up there.
This is continuance of the other MOOKRAKER trade we posted. Bounce dwon form hit to Moon 180. FC aligned to Moon 270 to 180.
Entry area labeled as 120.33 for SELL. S/L was 120.75 or just above pivot high of 120.78. Risk about 50 pips.
Price just hit the FC 200 (118.35) during 17:00 candle period, which is same as Moon 0-degree. Gross gain about 200 pips. R/R = 4:1
Gann_SQ9 also on chart for TP levels if desired. Price respected all key levels en route down.
*****
One loss and one win (big win).
If trader's money management includes/specify 2% maximum risk percentage at any given time (open positions):
1% loss on USD/JPY BUY
4% gain on GBP/USD SELL
_______
Net 3% gain
****
Note that moving stop-loss on GBP/JPY, protecting profit, allows option to use capital for the 2nd BUY trade on USD/JPY. However too tight a S/L can restrict profit as evidenced by whipsaw during GBP/JPY 08:00 candle.
Notice the 2 spikes/whipsaws up occurred at Gann_SQ9 135 and 180-degree levels, which coincided with 08:00 and 14:00 data.
For those that were willing to ride it out and keep a loose S/L, the HAS (or histogram version of it) was all red.
Asian session 30-min chart with PSQ9. Price made a bottom at the SQ9(Price) 405-degree. Start price for plot = 1.36890 (Sept 29th high).
Fib channel (FC) plot pulled from Moon 270 up to Moon 0-degree (0-degree is same as 360-degree).
Price made a 31.4% expansion, which intersected the red Mars 180-degree, marking a high of 1.32151 at 01:30 period.
Moon 0-degree remains support for now, and that has been the channel range.
****
This is not astrology, nor are we in that field. This is based on math, and there is no doubt about price interaction with these lines. We took notice and configured charts to include the Mars aspects.
The fib channel piggybacks this indicator's plots. Just like using the APF and SDC, we let the indicators do the heavy lifting as the foundation plot. The resulting price interaction to these channels are astounding.
Now it is up to each individual to tailor their own techniques or systems.
For example:
Plot fibo fan (2nd chart)
High = Oct 3rd 10:30 1.33802 Low = Oct 3rd 21:00 1.31625.
The 50% fan ray meets 02:00 candle at the 31.4 (white) and Mars 180 (red) price 1.32146.
That makes it 3 resistance (cluster) plots, for SELL. Shaving up to 30 pips to the Moon 0-degree (green) 1.31814.
resistance on 4 charts.
Upper left is aforementioned 15-min 31.4% exoansion and Mars.
Lower left is continuance of 30-min While My Euro Weeps chart with upper channel of SDC acting as resisitance, along with yellow 161.8.
Upper right is new plot generated by Golden Section indicator with pitchfork turned on. The blue middle fork is resistance.
Lower right has 1-hour with PSQ9 and SDC plot using 9-29 08:00 high to 9-30 14:00 low. Resistance at mid-channel (mean).
Volatility starts now at 06:00, ahead of 07:00 European open.
With previous low at 63, EUR/USD marked 72 thus far. Good exit point for conservatives.