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  #141 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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the grey line on macd is showing divergence so perhaps this is it
?????????

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  #142 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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Quick short
I am short to confluence for this pullback.
stop above previous high.
daily pivot R1 is in that clsuter too.....

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  #143 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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short stopped out, one position left. this bar looks bull strong, so perhaps no deeper retracement?

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  #144 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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really in the prz now
price action shows close at top of baR. BULLS SO FAR ARE STRONGEST

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  #145 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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This shows good example of hamonic in price and time

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  #146 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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if it breaks this, a butterfly on daily with a far jhigher d point may become relevant

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  #147 (permalink)
Bharatiya
ND, India
 
Posts: 46 since Feb 2010
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MajorMagnuM View Post
This shows good example of hamonic in price and time

Good example indeed. But the real question is can you trade this profitably?????

It seems you are taking this stuff too seriously...... there will always be some line or pattern after the fact.
All the best.

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  #148 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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Bharatiya View Post
Good example indeed. But the real question is can you trade this profitably?????

It seems you are taking this stuff too seriously...... there will always be some line after the fact. All the best.

I dont know, i will find out how accurate these shapes work when combined with other important lines, such as pivots.
Taking it too seriously? this is pretty simple application of simple fibs and simple concept of confluence. Making it a tradeable system will be serious work.
I would say this price level is an extremely important turning point for the euro. See possibility i have outlined with daily chart below?
The lines drawn are merely defining zones that could be important. I think confluence is a tradable idea. the lines after the fact were, what i guess, were used to pin down harmonic theory. Only doing this in real time will prove it is beneficial to me.

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  #149 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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chart update:management
The terminal price bar

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  #150 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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Thanks Received: 15


POSSIBLE PLACE TO GET LONG

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