EURUSD DAILY | "LOCAL GOOD VALUE" + DIVERGENCES Overextended %B (sub 2 std dev) indicates local "value". Divergences on all three of FT, Mom and MACD. Appears to be bouncing off the 50% fib (shown in black) off the last long term down swing (2011-04-27 to 2012-07-18) These combine to point to a reversal. Enter at 1.35180. TP: First target @c1.3600 cluster of...
Overextended %B (sub 2 std dev) indicates local "value". Divergences on all three of FT, Mom and MACD. Doji on high volume. Combine to point to a reversal. TP First target @ fractal cluster and previous congestion around 36 (greeen line). Or if %B hits upper green band. Stretch target of Fib at c.37 SL: maintain 1:1 risk reward? Exit if not moving into profit...
Volatility as an indicator | Wheat Futures + WIV(wheat vol index) + SMI No active signal at the moment, just an idea I'll be tracking. Enter SHORT on spike DOWN in Wheat Vol Index of at least 7 points (highlighted with red boxes). Exit on clean crossover of SMI and its red signal line. Green boxes show upward (losing) extent of move during holding period. Red...
2014-01-30| 15:30 GMT. Enter short with HALF size lot as price and blue MAs break through reds and FT(60) crossing 0. FT(60) divergence. Double down with %R(200) crossing red central line. Stop Loss above last swing high. Target based on fibs and/or reversal of entry indicators and/or FT(60) diverging with price. INITIAL target c.173/172 Stretch target c.156
EURJPY Short Daily chart | MA cross confirmed by divergence & %R 2014-01-30| 14:30 GMT. ENTRY: Enter short with quarter size lot as price and blue MAs break through reds. SCALE IN: Double position size for each of FT(60) crossing zero or %R(200) crossing red midline. SL: Stop Loss above last swing high. TP: Target based on fibs and/or reversal of entry...