Timing is key

Timing the Aussie on the 240 Minute!

FX:AUDUSD   Australian Dollar/U.S. Dollar
422 24 6
Hello all,

This chart looks a little strange however it is a technique I use to isolate timing zone's where I can zero into a possible trade.

The RED diagonal is a multi-pivot line being used to narrow down a time zone where there is a high probability of either a trend reversal or a breakout in the middle of an established move either long or short. I run horizontal vectors from a few medium term lows, the crossing of which, gives me a time zone. As the candle comes and meets these zones I will update this chart with some pitchforks to see if I can isolate a trade location either bullish or bearish . If I am unable to find confluence I will move onto the next time zone, then rinse and repeat.

Let's see how this technique unfolds

Sincerely

TIK
URIFX
a year ago
Welcome back Timing! As you come, you bring us something new and interesting! Why do you chose these zone to draw pitchforks?
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Timing is key URIFX
a year ago
Hello URIFX
Think of these zones pure timing areas, the lines on this chart show how I constructed them. The forks come later as at this early stage we don't know what will happen in these areas. In the last 30mins to 60min of the last candle before these zones I will draw some pitchforks to see if I the market is already or close to leaning on one of the pitchfork lines. If so great, we will have confluence. If no, then I will do nothing and move on to the next time line. This is a good way not to be glued to the screen for too long:) hope that explains the idea. Take care
TIK

+2 Reply
URIFX Timing is key
a year ago
Thanks for your explanation. It's great idea. Wait and see how flitch forks play with theses zones.
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Watching.
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Timing is key IvanLabrie
a year ago
I'll be out of town at these times however I will bring my laptop to see if I can update this chart at the times indicated.....
+2 Reply
Timing is key
a year ago
I have located my modified "TIK" pitchfork at my first timing point which is currently rubbing up on the lower parallel AND also a much larger Median Line. I have just managed to put on a position with a tight stop. Let's see how this unfolds
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IvanLabrie PRO Timing is key
a year ago
I think aud might get a boost with gold as a risk off rally on Monday.
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Timing is key
a year ago
The following update shows my observations so far

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+1 Reply
Timing is key Timing is key
a year ago
As predicted, a retest of the ML before a continuation towards the lower parallel, Will evaluate my next timing line soon for another trade opportunity.

TIK

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Timing is key Timing is key
a year ago
Further update: The market fell into my second timing zone beautifully, even though it was short of the yellow lower parallel it was reacting perfectly with the warning line of the blue parallel by touching it not only once but twice!.......Because of the trade location and the position of the market, probabilities where not on my side, however for those who like to trade counter trend with low risk the timing line/warning line confluence created a possible trade with say a five pip stop with an easy 40-60 PIP Take profit. Or an 8R:R. Let me know what you think of this idea

Sincerely,

TIK

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+1 Reply
IvanLabrie PRO Timing is key
a year ago
Excellent!
Right in time for the FOMC minutes.
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Timing is key IvanLabrie
a year ago
It still amazes me how early you can predict turns that co - inside with News:) Tks Ivan
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IvanLabrie PRO Timing is key
a year ago
What do you see in GBPUSD? I think it might be a large scale reversal.
Stop is 90 pips for me. Target is over 700.
+1 Reply
Timing is key IvanLabrie
a year ago
I had a quick look at the 240 minute on Cable, I have 2 possible large ML's that are likely to be hit. the closer one is at 153200. But the larger one has bit to go and seems to be respecting the 50% & 25% divisions. It may retrace temporarily before getting there however this thing is falling like a knife:) Good R if you can catch it....best of luck
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Timing is key
a year ago
Hey guy's, Today I will update this idea as my final timing line came in on Queue. The update below is really cool as I have included a few tools that can help anyone to get on a trend once it has started and to have up to 2 predetermined exits that will take full advantage of the move. I also show from where I triangulated my timing points and how I used a standard Andrews Pitchfork to tell me ( in advance ) of the impending weakness, I also go on to describe Warning Lines and how I used them to tell me where the market was headed. Hope you can take away a few ideas that can help you in your trading
Sincerely
TIK
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IvanLabrie PRO Timing is key
a year ago
I was actually about to short AUDUSD today!
(already short audnzd, filled today)
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Timing is key IvanLabrie
a year ago
The mini fork and second warning line bounce are giving me an early warning that the bulls might be coming in the short term, also previous to the bullish break the bears could only retrace 1/2 of the bullish candle at pivot 3 after 12 hours of selling! ..still consolidating.. will need to break above the retracement highs to be sure, worth a low risk crack. The multi Pivot line would be a good target.
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IvanLabrie PRO Timing is key
a year ago
I'd rather fade the rally once it's overbought.
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IvanLabrie PRO IvanLabrie
a year ago
(the red line in my chart would be a nice short entry).
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IvanLabrie PRO IvanLabrie
a year ago
Not too thrilled about this level, but the background is of a weekly downtrend, and a 4h corrective uptrend has ran out of time now.

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Timing is key IvanLabrie
a year ago
Yes Ivan, staying with trend is super important, that's why when my timing hits the top of a retracement/counter trend high ( or low ), It will usually coincide with a level or line, then I'm all over it as all of the above = low risk, and that's what I like, counter trend trades, over time, fail more often statistically, and the moves are compressed so if you take them you have to be conservative. As I said earlier, This move will need to take out all these high's and there are 2 big obstacles in the way see chart
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IvanLabrie PRO Timing is key
a year ago
Look how that level matches this:

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Placing my stop above it and selling now.
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Timing is key IvanLabrie
a year ago
It's also a round number and the number 75! ( Really significant if your a Gann Trader ie 270 Degrees or 3/4 of a 360 Degree Circle ) Will also be a Double Top Trade with 74955. Let's see if it reacts to the level
+1 Reply
IvanLabrie PRO Timing is key
a year ago