wuweitrader

wuweitrader

Taking a trade off of the sliding parallel. Stops above recent swing highs, target is the median line, but will manage it as I watch price action around the -.236 Fib level.

wuweitrader

There was nice clumping down near the blue c-pivot. But this is not a true c-pivot, it is merely a potential pivot that I am watching. What is more interesting, perhaps, is the sliding parallel off of the red down-sloping median line set that has been tested a number of times and is holding. The Pink Modified Schiff also (with its sliding parallels) appears to...

wuweitrader

Yes, there are definitely a lot of markings on this chart, but they all show that the Euro is demonstrating a significant amount of structure. Long-term, price is in an uptrend. There has been horizontal support and resistance that has been held (as is shown by the blue horizontal lines). Besides the horizontal lines there is an action-reaction set the seems to...

wuweitrader

Depending upon the platform is how often and well the median line has been tested. I threw on the flapping insect for fun.

wuweitrader

Added an action/reaction set and a multi-pivot line. Still watching price and marking up my chart. Decided to share what I am seeing and watching.

wuweitrader

This modified schiff is catching the flow of price nicely. So I am just posting the chart that I am watching. No trade ideas, thoughts, or anything else. Just watching.

wuweitrader

The fork has been tested (and re-tested on a lower time-frame). I am looking to get long at the lower median line parallel with a stop below the test and a price target of the median line. It has quite a nice risk/reward.

wuweitrader

fork seems to be holding

wuweitrader

Price is within the 50-61.8 Fibonacci levels. As well it is right up against multi-pivot lines within a bigger overall downtrend. I am looking to short it against the upper parallel of the modified schiff with a target of the lower parallel. I chose this as opposed to the median line because of the nice confluence with the 123.6 fibonacci extension and the...

wuweitrader

Trade taken at lower median line parallel. I decided not to place my stop-loss below the c-pivot, even though my r:r would still be over 3-to-1. Instead, I put it below the horizontal multi-pivot line, and this was due to the size of the stop, since I prefer not to take a 30+ pip stop on an hourly chart. The target is the median line, though there is a...

wuweitrader

Details on Chart

wuweitrader

Description on Chart. Not in the trade yet, but orders (for now) are set. I am stopped out. Position closed.

wuweitrader

I am short at the re-test of the upper median line parallel. There is some very nice confluence, assuming price actually turns down from here. The 123.6 Fib (or, more precisely, the -23.6) and the 1:1 both measured from 10/25 come in at the median line.

wuweitrader

Trade on chart

wuweitrader

shorting at top with a target of lower median line parallel. detail on chart.

wuweitrader

Long at sliding parallel; target is center line at 1.3975; stops below spike down.

wuweitrader

Details on the chart

wuweitrader

Looking for an entry at a retest of the lower (green) parallel