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TA using my own method i am trying to develop. Hi. Some more of my whacky own TA method i am developing. I will also TA using the traditional methods but there are plenty of people a lot better at them than me who post plenty of bettr stuff than i could muster. So this is just lower down time intervals than my previous TA. But using the same method idea SDo this is basiucally continuation of what my first 2 ideas are, i noticed now that between each phase of the set of 3 phases there is a small interval, i think it also is changing size depending on the number phase we are in, so end of phase 1 i see a U or V shape before starting next phase but end of Phase 2 i get W or a L then U shapes, so 2 mini phases before starting phase 3 etc.. Also what i think is probably just coincedence, the last phase of the interval seems to be very similar to the first phase in the new set of 3, especially when you look at where the phase finshes in relation to where it started. If this proves to happen a highg percentage of the time, this could prove to be extremely useful. Ok, so i will tell you where i am at with regards to this method of TA incase you havent seen my other ideas. So my thoery is that there is 3 phases to each formation or pattern. So i beleive elliot waves are 5-3 waves is actually juxst simpley 3 phases, just so happens that because of the curved anture of the phase in the time interval above pne of the phases is in the opposite direction to the other 2 phases, so this would give you 5 waves (2phases) impulse, 3 waves or abc correct(1phase), but if you look at this chart, if we end up in phase three of phase three of phase 3 then we will be seeing virtually no retrace or correction, so this must make EW analyse confusing since it will appear sometimes that you have 8 waves or 13 waves with no correction. But6 i think it is simply because we just happen to be in the upside of lots of phases of lots of time intervals etc. So i have noticed that after each phase completes its phase 3, it will then tick thge interval above on to the next phase, each phace gets mor complete but they arent compling in a even 1 third pattern completion each phase, i notice that the first phase isa normally the smallest then next phase completes a biut more next phase complete. May pattern completion is the wrong term to use but for certain it moves the phase above to a more advanced state. So really its becoming quite easy to trade on longer term charts since all you have to do really is work out what phase u are in on which time interval and to the relation of the other intervals. Then you have a loose road map of where you should be heading. All the lines are resistance lines as a starying point, but as they are broken they can obviouslty become support. I havent had time to really nail down the exact areas of support and resistance using other methods of TA and just basic things like fib tols or gan tools, but they shoul;dnt be a million miles away, you can keep going lower and lower on the time frames, those lower time frames should create underhangs of differing depths which i beleive why its so difficult for us to see the real picture of what is really going on due to the massive complexity of the patterns due to the fact everything is made on mutiple dimensions of time and are in different combination of the phases. Makes martets look a bit random i guess. But like a car it is full of thousands of moving parts all coming together and working in perfect harmony with each other. Thanks for reading my drivel, if anyone else has some different unusual TA methids then woiuld be great to hear your ideas, also anyone buying in to this stuff and has some ideas they might like to add and muse over then message me. P.S. I am aware its probably all rubbish and wil be proved wrong, I know I bit of a dreamer, it is the way my brain is wired, so you dont need to tell me i am wrong, trust me, i have
BITFINEX:BTCUSD
by chris-abc
GBPAUD >> A Short Term Trade Becomes a Long Term OneGoodmorning Traders, Yesterday I wrote an analysis about a short term trade on this cross, unfortunately the sideway movement at night and the missing confirmation from the Lagging Span, which refused to break the Kumo out, brought the pair to H4 Kijun Sen, taking the stop loss. That's where my new long term trade was born. On the H4 chart the trend is clearly taking a bearish path, and the retest of the Kijun Sen could be a nice entry point. Also, the flat Kumo on the H1 timeframe shows us that price may have many difficulties in continuing the bullish movement. Here we are with my very simple trade: Stop on the H4 tops, entry point on the H4 Kijun Sen, and Take Profit on the Daily Kijun Sen. If the order will be taken, I will follow the trade on the 15 minutes timeframe. What you think about this trade? >> Leave a like if you liked or agreed with the analysis >> Write in the comments below what your idea is :-)
Short
by MartinaAndreaProvenzano
Gold’s weekly outlook: March 19-23Gold had a fall of over $10 in a yet another range bound week. Price action has seemingly lost volatility and is confined within a strict 40$-45$ range. Last week gold found resistance at $1331 before retreating and falling to lows of $1309 where it found support of the 20 day moving average and bounced off. Technically the closing price is under the support of $1317 which suggests signs of bearishness which may lead it to test $1300 again. But if the 20 day moving average is respected then upmove cannot be ruled out but again it will be contained in the range. On the chart – Gold’s straight 3rd week of increasingly low volatility and sideways action offered little to the bulls and bears but it continued to register lower highs for 5th consecutive week. Resistances were respected so were the supports so it continues to be confusing but this week’s cut and closing suggests bias is more on the downside. We have 2 scenarios – 1. Gold’s holding onto the support of 20 day moving average and a bounce from there suggests buying still may be present at lower levels. If the supports are held and if gold manages to cross $1317 it can go higher till $1331. If this resistance is crossed it can move towards $1345. 2. Gold had a poor closing which suggests it might retest the support at $1308 again. If this is breached then it can fall towards $1297. Bullish view – Bulls are waning out on week to week basis and this is not good for the price action to move ahead with force. Only consolation bulls can take home is they were able to protect the downside via the support of 20 day moving average which was respected and prices bounced from there. For bulls holding of $1300 is the most important to keep themselves in the fray, till it is held they have can have a fight back to push the prices higher. Bearish view – Bears are clear winners as one by one supports are getting broken on weekly basis. Bears were able to defend the $1331 mark and added to the downside pressure by pushing the prices towards 20 day moving average but failed to breach that, still they won the week as they managed to get the closing under the support of $1317. To keep the momentum on the downside they must defend $1317 and try to erode the support area of $1308. On larger terms, Gold remains sideways with a bearish bias as the closing was not upto the mark and may lead to more downside. But on a broader picture gold is still confined in a range and it must break on either side for a decisive trend. Possible trades are on both sides, gold can be bought above $1320 for the targets of $1331 and $1345 with a stop loss placed below $1317. Short trades comes into the picture once $1308 breaks for the target of $1297 with a stop loss placed above $1314.
TVC:GOLDShort
by vanimator