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In my post quoted above,on December 29th I mentioned my second target(1.2776),once the first one(1.2858) was hit near exactly...tgt2 1.2776...actual low today so far 1.2776..There is a confluence of shorter term targets very near at 1.2790(1.3076-1.2933-1.2790),so,I presume the 1.2776/90 area could be considered resonant....pending price action confirmation
The calculation for those targets was shown on that post,so,I won´t repeat it here.
S
Can you help answer these questions from other members on NexusFi?
I can´t share an indicator I got from an Elite section of another forum,same as I wouldn´t share anything from the elite section here(if I were an elite member) at another forum.
Hope you understand,specially because this shouldn´t be a problem for you.
You will be able to replicate/improve my results,as long as you can find any market profile indicator with customizable periods,which I am fairly sure you can,or even a customizable VWAP,of which you have at least one at this forum,since there is a thread named Customizable VWAP periods...or similar .
NFP days are usually slow moving until the news is out and today is no different. Nevertheless 2 trades are done. Do note that these 2 trades are not the normal T-TEST trades but rather a more advanced use of J-Chart.
chart 1 & 2 is for trade 1 and chart 3 is for trade 2. both trade time frame are intra-day
Trade 1:
Trend = down trend
Entry = below 12801
Stop = 12817 (tip of reverse up equilibrium)
Target = 12740 (chart 2)
With reference to this post 158, if price break above 12719, it will pave the dotted yellow rectangle. The equilibrium 12665 - 12742 - 12819 is decisive.