Bollinger Breakout & ABC Zigzag — A second and better formed pinch is setting up on the inner BB on the 5 minute chart. It remains to be seen which direction the price will take. But for now it looks like up.......

EUR/JPY

Bollinger Breakout & ABC Zigzag — On this 5 minute chart, if the price breakout from the pinch will roll over and up, making the true run a run to the upside, then we may see 150+ pips. It could just continue on down. A run below the first ...

EUR/JPY

Sonic, my trade entry timeframe varies. But I couch my trades on what I see as an overall picture from the Daily, 4 Hr, and 1 Hr charts. Least risky trading is when all three are same color and there is a setup in same direction on some lower ...

EUR/JPY

Bollinger Breakout & ABC Zigzag — The price did roll over and drop. Now, after the fact, I have drawn the fib extensions across the pinch of the inner Bollinger band. See how the price made it down to the 162% level. This was not a well ...

EUR/JPY

Bollinger Breakout — On 30 minute chart, the white retrace candle is being nullified and prospects are for continuation of run down. Just an opinion, but 1.2850 area looks likely target. If it gets there, see how it looks then. 1.2800 would be ...

EURUSD

Bollinger Breakout — This white candle on the current 30 minute chart may just be a nice pullback before a run down. A good run down could take the price smashing thru the 89 sma (yellow line) to regions south. It kinda looks like a Double Top ...

EURUSD

Bollinger Breakout & ABC Zigzag — Again, on 15 minute chart....

EURUSD

The answer is clear. Blame it all on the hedge fund operations. (Probably quite the truth, if the truth were known.)

EURUSD

Bollinger Breakout & ABC Zigzag — This 30 minute chart shows what could be a setup for a break to the downside out of the dual band pinch area. We just wait to see if the price, which seems to be rolling over, continues down. The 262% fib ...

EUR/JPY

Bollinger Breakout & ABC Zigzag — Now on 15 minute chart......

EURUSD

Bollinger Breakout & ABC Zigzag — The attached 1 hour chart shows fib extensions applied to a pinch. As sometimes happens, the run out of a pinch first moves opposite the major final run. That may be what we have going on here, and the ...

EURUSD

ABC Zigzag Entry Rule — ABC Zigzag Entry Rule: Apply this rule once a run (up or down) has come to an end, putting in the highest high, or lowest low from which the price retraces, then comes back up (but no farther than the extreme prices, or ...

EURUSD

Bollinger Breakout — Ed, I hope at this late date I found the right spot in the 5 minute chart which you were on. Attached is my chart showing the fib extensions applied. As I said before, I fixed the fib ext. tool to draw in both directions ...

EURUSD

Bollinger Breakout — The attached 1 hour chart shows the opening of the Euro session with a significant over normal volume spike (yellow bar in bottom study) which I interpret as confirming the downward trend continuation. The Bollinger band ...

EUR/JPY

I use the regular volume indicator on MT4 and throw a sma on it to boot, in order to better see when the current volumes start running above my chosen moving average. The MT4 code base includes a Normalized Volume Oscillator indicator which is very ...

EUR/JPY

Yep.

EUR/JPY

Bollinger Breakout — Since my last posts, this has moved up and down and up, making fruitless all talk of H & S formations, but nevertheless creating fanstastic trading opportunities. I am posting a 30 chart which shows a Bollinger band pinch ...

EUR/JPY

No, I do not buy the inverted H & S on the 4 hour chart. This is because either a level neckline has already been seriously breached to the upside, or it is a neckline too seriously angled up to validate the formation. The formation on the 1 hour ...

EURUSD

Seems like we are on the same page. I have been watching my hypothesis play out for over 5 hours now.....

EUR/JPY

The price has run back up to the third white line, which I contend marks the neckline and give a target in the area of 1.2350 or slightly below. However, if this third line marks the tops of the shoulders, and the neckline is in the area of 1.2670, ...

EURUSD