NEW
My 1st publish... Looking for feedbackI am brand new to charting and trying to learn T.A.... I am asking for advice on if my ideas are even close to what others are thinking. I have used the fib tool and this pullback on the daily is sitting perfectly on the 236. I have an ascending wedge, that hopefully we can break out to the upside in the next few days. I believe with the ascending triangle and descending volume, this would technically be bearish, but that's not how I think. I am a long term holder so I don't trade on leverage, but if I did, I would probably go long with a close stop loss.
Any feedback would be greatly appreciated. I am a beginner so please be gentle lol
Start BUY EURJPYGood morning everyone! So, we start with EURJPY.
I apologize for being so distant, but I wanted to show you the power of the lines that form the channels.
Now the price has dropped to the intersection of two support lines.
Therefore, I certainly expect EURJPY to rise to the first resistance line.
Open "Buy".
AUDUSD LONG new thoery not looking fro specifics in price targets as of yet as im testing a new theory, just a general area labelled "box1" and "box2"
this theory captures the previous ares of wicks and uses those as support and resistance , one established the area is looking to find a 3rd touch on the trend line , (first arrow pointing towards it) to then shoot up for a long
Another Exercise/PracticeDoes this make sense? I tried to marry the idea of a cross strategy with the idea of the boxes that I see everyone do. Two yellow lines would be my entry threshold. Solid red line would be my SL. The 3 aqua lines would be my TP1, TP2, TP3. So placing each sell simultaneously as such - TP1 (+1.00) TP2 (+1.00) (TP3) (+.50). TP1 & TP2 are more "plausible" if the down trend continues, so put more in for a greater reward. Once TP1 hits, move SL up to that previous line.
Again, does this make sense? I realize they arent large PIPS, I'm still new, I'm just trying to see if I understand what's happening. I'm still in demo mode, so this is all hypothetical.
Does anyone see these? Haha.
FX:USDJPY
USD/JPY analysis: trade setupprice has retraced to a key region with supporting confluence from trendline and fib regions if price can respect this area with candlestick behaviour displaying slowed momentum, buying opportunities could be more predominant to a shift into new highs like 110.00 which correlates to -27% fib level.
BIGGEST NON CONFIRMATION IN US HISTORY RSI THE CHARTS ON FX ONLY GO BACK SO FAR BUT MY CHARTS GO BACK TO JAN 1902 THIS IS TO SHOW ALL THAT THE PEAK WAS ONE THAT WAS GOING TO HAPPEN NO MATTER WHAT BE IT OIL CRASH OR VIRUS I GAVE ALL THE MAJOR CYCLE PEAK DATES AND PROJECTS BACK IN 2019 .I DID POST AN ALT IDEA BUT WE FAILED TO BREAK MY 3410 3392 . IN SP OR THE NYSE 14200 PEAK 14183 . ALL MY WORK OVER THE LAST 44 YEARS WAS BASED ON FIB AND GOLD RATIO TIME AND PRICE AND SPIRALS IN TIME . When I hired to be a Technical analyst in 1991 I was retiring from the FDNY . IN 1992 I started a hotline called Wavetimer In 1992 I was short term timer of the year . I then was asked to close my hotline to work for a private firm . Who was one of the three floor broker working for the Hunt brothers . and Saudi . In 1993 I walked away from them to have a simple life and family. advice from my uncle CIA Regional ass/director in Vietnam 1966/1972 I only post my work as to past on the knowledge. to help families to help give their kids a better life.. I must warn you all that there is a very Dark group behind a great deal That is why I left . We are at the crossroads in this world . And all things are not what you think . 9/11 .I was there . best of life to all . for the gift is within all of us and that is LIGHT