A-B-C-D Trade - page 256
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
30-min on CFD that resembles DAX Futures. SDC plot HIGH-TO-HIGH
Nov 16th 10:00 and Nov 18th 12:30
Horizontal fib plot High = 07:30 5779 and Low = 08:30 5612
Probed below FC 31.4 but pulled back and close just about there. Short opportunity near return to lower channel, which is also the 38.2% retrace fib area.
Now resting near/at 23.6 fib.
Left is the FC aligned to APF. Can see the respect for levels en route down to present position at FC 261.8, intersected by Mars 180-degree.
Middle chart is continuance of the double SDC plot, where price is at the lower channel of wide plot (orange), intersected by white horizontal 200% fib.
Right has the GannBBox, where we can see the mentioned breach of red 1/1. Price just breach yellow horizontal 1/3rd level.
Left is 1-hour with Murreymath1.0, and we can see adherence to 3/8th on Friday as peak, and this morning's low at the 0/8th.
Middle is the 4-hour SDC presented earlier. The lower channel held as support, and bounce went up to the 31.4.
Right is continuance of GannBox plot. After price broke through blue horizontal 36, support found at the diagonal 1/2_angle3. Bounce back up to 36.
If we see all 3 agree on area of bottom, it makes the case stronger.
We move the FC alignment up one level, to M180 and M90. The support that was 31.4 is now represented as 131.4.
The move of plot allows us to have fibs since retracement is big. Current 16:00 candle meeting FC 61.8 as resistance. Market now break for President Obama's speech.
ABC plot produced FE 78.6 as support at the FC 131.4.
The Super Committee will announce they could not agree on budget.
We can arrive at a FC expansion that caught the pivot low, from different plots. This chart utilizes FC plot Moon 315 to Moon 45-degree.
We labeled the early session down thrust during Euro and U.S.
The expansion during U.S., which broke the Moon 45, found support at the FRC 31.4 this hour.
Market received reaffirmation of U.S credit rating (AA+) in aftermath of U.S. Super Committee declaration of failure to arrive at budget.
However, S&P warned that if fall-back minimum cuts are compromised, credit rating would be under pressure for review.
EUR/USD pullback to upside after a hit to 4-Hour SDC lower channel yesterday. Price just made the hit to its mid-channel.
Attached is USOIL 1-hour with MurreyMath1.0 (MML). Horizontal fib plot:
High = Nov 18th 12:00 100.26 Low = Nov 18th 17:00 96.71
Price made a 138.2 extension to downside, marking bottom 95.31 Nov 21st 15:00. This level also 1/8th MML.
That is also the HEAD of developing Inverted Head & Shoulder pattern.
Shoulders Nov 18th 17:00 low 96.71 and Nov 22nd low 96.51
Some practitioners use a trend line at the "arm pits" as shown in yellow, as breakout level. The breakout to the upside happened this morning at 07:00 period. Ideally, the arm pit trendline should be in favor of the trade direction. In this case, sloping down.
Current price action just hit 3/8th MML (98.44). Should this be fulfilling H&S pattern, return to 100.26 (High) area or 4/8th MML 100.00, shall occur. That is called the "base".
This is a chart on the CFD similar to the Dow Jones 30 Futures.
We use a wide plot on the 1-hour, for the Standard Deviation Channel (SDC). The high-to-high is distinct. Oct 27th 19:00 and Nov 13th 23:00.
Align fib channel (FC) to upper and lower channels, pointing expansion levels downward..
The pivot low formed yesterday on Nov 21st 16:00, is at the FC 31.4.
The PSQ9 Moon lines are at 45-degree intervals. That pivot low was intersected by the Moon 135-degree.
Bounce up met resistance at SDC lower channel.
Yellow check marks are plot confirmations areas.
*****
2nd chart is continuance of 4-hour GannBox_144 plot.
1) 1-Hour AUD/USD continuance of double SDC plots. Yellow arrow label excellent price respect of S&R. 13:00 candle low at tight SDC (pink) lower channel.
It was also the horizontal fib plot's Low from yesterday. 18:00 candle hit to mid-channel mean.
2) 30-min US30 SDC/FC plot posted 11-16, using 11-13 and 11-15 lows and aligning FC to lower and upper channel lines.
Yesterday saw hit to mid-channel on 16:00 through 17:30. Today, 16:30 low used upper channel as support, prior to bounce up to 61.8during 18:00.
3) 1-hour SPX500 PSQ9 FC. As mentioned, FC plot Moon 315 to Moon 45.
Before U.S. session open, we used green horizontal lines to bracket pivot low/high swing (B-C) from yesterday 08:00/13:00.
Today's U.S session stayed below the Moon 45, falling to the Moon 0-degree during 16:00 (similar to US30). That pivot low was yesterday's low area.
The bounce up to are just below M45, and at Mars 90. The 17:00 and 18:00 candle bodies respected lower green horizontal line, which represented yesterday's 08:00 pivot low.
Price also had small bounce off revisit to 31.4 13:00. Bounce up to lower green horizontal during 14:00 captured about 5 points.
Took a pic of a chart utilizing a "forecast" model, but don't take this seriously.
Chart on left is aforementioned 30-min with SDC and FC plot from Nov 13th-15th lows.
Prior to U.S open, we overlaid forecast and labeled price dip of 11,480 during 19:30 period. This is level of FC 31.4 intersecting Moon 135-degree.
Chart on right is resulting price action. Decline went further and bounced off of the SDC upper channel, to the 61.8. However, the 19:30 candle period closed at forecast spot, marking close price of 11,486.
Aussie remains under pressure as China PMI came in below 50.
Attached is continuance of our 30-min AUD/USD with double SDC. The tight plot (pink) is Nov 17th 01:00 and Nov 18th 12:30. Fib channel aligned to SDC's upper and mid-channel.
Yellow arrows point to hits at S&R, including 4 consecutive times at the
mid-channel. The last occurred during 00:30.
Price stalled at the lower channel 01:30 and 02:00 before gapping down on PMI, to the horizontal 127.2 extension. Support is at the 131.4 since then.