DayFarrell

DayFarrell

AS ALWAYS I MUST MENTION THIS IS STRICTLY EXPERIMENTAL REGARDLESS OF PREVIOUS SUCCESS. I USE THIS AS A GUIDE TO KNOW WHERE TO EXPECT A PEAKING OF THIS PAIR RATHER THAN A TRADE IDEA. AFTER LAST WEEK I REALIZED THE ACCURACY OF THE CANDLES ARE A BIT OFF, SO I'VE EMPLOYED A SLIGHTLY DIFFERENT METHOD THIS TIME HOPING IT WILL PRODUCE MORE PRECISE RESULTS. I HAVE MY...

DayFarrell

I'VE COMBINED A NUMBER OF STRATEGIES TO GENERATE THIS IDEA BUT ALL ARE PRETTY SIMPLE. THERE IS A PATTERN FORMATION TAKING PLACE. I'VE PLACED THE D POINT AT A STRONG LOOKING SUPPORT THAT I'VE ELLIPSE TO THE LEFT, (YOU WILL HAVE TO SCROLL LEFT). FIB RATIO CONFLUENCE IS WHAT IS USED TO GENERATE THE PRICE MOVEMENT, ALL THE PULLBACKS ARE SOLELY ON THE 50% BECAUSE OF...

DayFarrell

PRICE HAVE ALREADY TOUCHED THE 61.8, BUT I'M PLAYING THIS SAFER. LOOKING FOR A 76 REVERSAL. OR IT'S A WASTE.

DayFarrell

JUST WATCHING FOR A REVERSAL AT TREND TOP. TOUGH DAY FOR STRATEGIES I USUALLY USE, THE MARKET NOT GIVING ME ANY SECRET, SO I HAVE TO GET BACK TO BASICS. LETS SEE HOW THIS PLAYS OUT. LOOKING FOR A 38.2 FIRST AND 61.8 2ND. NO CLEAR SUPPORT LEVEL FOR MY TARGET SO I'M USING FIBS

DayFarrell

STRANGELY, WHEN I DID MY REGULAR ANALYSIS ON THIS PAIR I SAW FURTHER BULLISH, HOWEVER, MY SO CALLED CANDLESTICK GENERATOR IS GIVING ME THESE 3 OPTION AND THEY ARE ALL BEARISH. STRANGER IS THE FACT THAT THE 3RD OPTION IS SHOWN AS MOST LIKELY SO I'M WATCHING THIS PAIR FOR THE NEXT DAY TO SEE HOW IT PLAYS OUT. AGAIN, THIS IS NOT A TRADE IDEA, IT IS STRICTLY...

DayFarrell

WATCHING THIS CURRENTLY, WOULD MAKE A LOVELY RISK REWARD IF GOES ACCORDING TO PLAN. ONLY 10 PIPS TO LOSE IF FAIL,

DayFarrell

HERE IS A LITTLE AMBIGUITY, TWO BEAUTIFUL SET UP, BUT I'M NOT SURE WHICH, BUT TO BE ON THE SAFE SIDE, I'D TAKE THE STRUCTURE TRADE ABOVE . AGGRESSIVE AND GO FOR THE PATTERN. WHAT DO YOU THINK? I SEE A SCENARIO WHERE BOTH CAN OCCUR, WITH A 38.2 RETRACE OF THE PATTERN AND HEAD TOWARDS THE WALL AT THE TOP. WHATS YOUR OPINION?

DayFarrell

OK, SO LAST WEEK I MENTIONED THAT I FIGURED A STRATEGY TO PREDICT THE NEXT CANDLE. I MUST CLARIFY THAT I WAS REFERRING TO A SCALPING STRATEGY, AND I'VE ONLY USED IT ON A 5 MIN CHART SO FAR. SO I RECEIVED A CHALLENGE FROM SOMEONE TO DO IT ON A DAILY CANDLE, SO THIS IS MY FIRST ATTEMPT TO DO SO. PLEASE KEEP IN MIND, THAT THIS PREDICTION IS IN NO WAY ME PREDICTING...

DayFarrell

I'VE LABELED THIS CHART A, B, AND C, SO THAT MY EXPLANATION OF EACH WILL BE CLEAR. THIS CHART ANALYSIS IS BASED ON FIB RATIO (PHI) ELLIOTT WAVE ANALYSIS, RATION SEQUENCING AND CONFLUENCE, I'VE DISREGARDED SUPPORT AND RESISTANCE, AS IT'S MY BELIEF THAT SUPPORT AND RESISTANCE ARE DEPENDABLE ON RATIO CONFLUENCE. A. THIS FIRST SECTION IS THE LEAST IMPORTANT SECTION...

DayFarrell

BASED ON THE PRESENT STRUCTURE, I SEE A MAJOR SHORT COMING ON. WHAT DO YOU THINK, THE CHART SPEAKS FOR ITSELF.

DayFarrell

THE NORM IS TO LOOK FOR 78.6 OR 88.6 x-d WHEN TRYING TO DETERMINE A PULLBACK, WITH THIS PATTERN MY ADVICE IS THAT YOU WAIT. IF YOU ARE ALREADY IN THIS POSITION FROM LAST NIGHT'S BEAUTIFUL ENTRY, THEN YOU CAN HOLD OUT A BIT LONGER, OR CLOSE AND WAIT THAT'S UP TO YOU. USING PHI ANALYSIS, I GOT A PULLBACK AT 172.97, SURPRISINGLY IT CORRELATES PERFECTLY WITH THE...

DayFarrell

3 OPTIONS FOR DECLINE, I'M STICKING WITH NO. 3 BECAUSE OF STRONG RESISTANCE ZONE

DayFarrell

THE RATIOS ARE ON POINT FOR THIS PAIR THUS FAR, SO IF IT STAYS THAT WAY, THIS IS MY EXPECTATION FOR THIS PAIR.

DayFarrell

quick chance to grab some pips, no strategy, just patern, and structure.

DayFarrell

IT LOOKS COMPLICATED, BUT IT IS VERY SIMPLE. INSTEAD OF THE TRADITIONAL ADVANCE VS PULLBACK ANALYSIS, TRY ANALYZING THE MOVES INDIVIDUALLY. MEASURE ALL THE BULL MOVES AND ALL THE BEAR MOVES AND PLOT THEM ON A HORIZONTAL LINE. COMPARE THE SEQUENCE OF BEAR MOVES, AND THEN THE BULL MOVES, YOU WILL FIND THAT FIBONACCI LEVELS CORRELATES BETTER THIS WAY. THE NEXT...

DayFarrell

SIMILARLY TO THE USDJPY TRADE I POST, NOT EXPECTING MUCH FROM THIS PAIR SO I WILL WATCH AND SEE HOW THIS PLAYS OUT

DayFarrell

HERE IS A SIMPLE CHART OF WHAT I'M EXPECTING FROM THIS PAIR FOR THE NEXT DAY OR TWO. THE PAIR IS AT IT'S EXTREME TOP, BUT SADLY THERE CAN BE MORE STRETCHING ALL THE WAY UP TO 120 BASED ON HIGHER TIME FRAME ANALYSIS. BUT I'M NOT OVERLY CONCERN ABOUT THIS MOVE SINCE IT IS NOT SHORT TERM. FOR NOW, MY PRIORITY IS FOCUS ON DOWN MOVES. IN OTHER WORDS, ANY +50 PIP MOVES...

DayFarrell

SMALL CYPHER OK GAIN, LOOKING FOR A SMALL PULLBACK AT TARGET BEFORE DECIDING TO LOOK FOR LOWER TARGET