i took a short on euro at yesterday daily close - supply level evident in 4h and daily - cycle forecast and natural cycles point for a high and a time to go short.
Have I got something on my face, SOLDIER?
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
DislikedI hope we do, depending on how the current h1 candle develops im planing to go long.
edit: still seems too early.Ignored
Dislikedadded short on supply level retest. division of time suggest drop and it did.
Attachment
i got some addon on some counts as well on 4hourly on some mandelbrot set fractal counts multiplied with fib ratios and pointing to this one particular spot.
Attachment
i think the UpTL is too steep to maintain a solid stable trend. its not even 45 degrees (stability of price - balances time and price). the downtrendline is more stable and looks to cap price more likely than hold the uptrend.
just my perspective.Ignored
DislikedSeems the daily bar has tested the broken triangle and now a buying wick is forming.
Here's a closeup
Price almost back at 1670Ignored
DislikedCheck out the Volume bar on the daily candle.
It's called high volume churn. here is a description of what that means both for buying and selling.
Not a volume expert but trying to learn.
There are some on FF though like MalcomB and another guy I cannot remember - both have threads on trading VSA
"Not sure author"
"High Volume Churn occurs when the bar's volume is large but the bar's range is small. I color price bars blue when there is High Volume Churn. But I color the volume histogram green. I suppose this is a bit odd and illogical,...Ignored
Dislikedto me its climactic volume - aka the peak of the buying. i mean look at it now rising for a few - and falling volume - less increased interest in buying.
and if u see the MFI's colors (market facilitation index) (these are custom but real colors at bottom).
http://forex-indicators.net/bill-williams/mfi
the blue (custom becomes red) mfi bar:
Attachment two days ago
and thebrown (custom is pink) mfi bar - yesterday
Attachment
i mean its all topping patterns XIgnored
DislikedThese are great quotes. But that is not the indicator that I have.
Do you have the specific volume indi that relates to your post?
I love bill williams but don't give two sh!ts about EW.
Too many different opinions of what wave started when why and how and what a b or c move inside a wave we are in.
No use . Yet those who know ELLIOT WAVE well impress me and I welcome you to post a LONG TERM CLEAR and UNDERSTANDABLE chart with a detail of all the wave NUMBERS and letters and why the sequence has changed if the price falls or drops.
B,...Ignored