nmike
Long

EUR/USD Weekly Range Cloning Analysis

FX:EURUSD   Euro Fx/U.S. Dollar
1742 31 43
I'm using the Fib tool to divide Clones into 1/4s makes it easier to draw intermediate price targets within Clones and automatically we get price points on the chart. Price action over the previous 2 weeks and this week so far suggests further upside but likely we get a short term pull back possibly to top of reference range. If current bullish action continues next target is 50% of Clone A. Break below reference range price could test S1 or 1/4 of range.
As usual with many of my Clone charts, it's interesting where some of the Clone targets line up with historical turning points. 50% of Clone C lines up with double top of 2014.Look further up and you see that 50% of Clone D matches the top of 2011. Other technical analysis is suggested as a confirmation to Cloning.

Rebounds

OmegaJ
GJ Trade Plan
OmegaJ about GBPJPY 1 6 months ago
moneymaking
a year ago
Hey nmike, Great analysis mate. I am trying to learn this cloning strategy but still have some difficulties. In order to get a reference box, you just look at the top and bottom of the range and draw out with a box? Then you just copy paste clones one top of another and include fibs from bottom to top for each clone? Was this a correct description of your cloning strategy?

Thank you for sharing and all the BEST :)
+1 Reply
nmike MOD moneymaking
a year ago
....., you can use the Pivots indicator to show major swing points and then you just Clone the ranges,
snapshot
+4 Reply
moneymaking nmike
a year ago
Oh great, thank you. That would makes it much easier. Appreciate the help nmike :)
Reply
nmike MOD moneymaking
a year ago
basic information on Cloning in commentaries
TSLA CLONING targets (daily)
+3 Reply
moneymaking nmike
a year ago
Ya, I just looked at that posted couple of minutes ago. It's a very simple but effective strategy. Great work mate, thank you for sharing it with all of us :)
Reply
nmike MOD moneymaking
a year ago
....glad to share :)
+2 Reply
jangseohee
a year ago
what a clone nmike! ^_^
some silly projection from me on DXY (which applies inversely on EU)
snapshot
+2 Reply
nmike MOD
a year ago
...nope...... could not hold above reference range last week,back to S1
+2 Reply
Cityfox
a year ago
Very good Clone box chart..5 star. I had 1.1701 for Clone A & 1.1153 for your S1. all I use is Fibs & S&R, good luck.
+1 Reply
nmike MOD Cityfox
a year ago
...great :)
+2 Reply
nmike MOD
a year ago
weekly bullish candle action .....likely to top of reference range near term
+1 Reply
Nickmail
a year ago
trading on the critical levels
probably we'll see trending this channel
+2 Reply
nmike MOD Nickmail
a year ago
yes, most likely
snapshot
+3 Reply
nmike MOD
a year ago
Fisher 34/ 100 system for those of you that like indicators and or use divergence.

GLD  weekly , update
+2 Reply
mkdeep04 nmike
a year ago
Q on crone.. how can one fix/lock price scale.. very time i move up dpwn or zoom in out.. tp plot next cone line.. my fib scale changes? any cue on this ?
Reply
nmike MOD nmike
a year ago
sample charts in commentaries
+1 Reply
nmike MOD
a year ago
Clones on daily frame
snapshot
+2 Reply
jangseohee nmike
a year ago
boring.. keep squeezing
+1 Reply
VanTuan
8 months ago
Pls tell me that I uderstand Clones strategy right or wrong? Thanks in advance

snapshot
Reply
nmike MOD VanTuan
8 months ago
yes that's ok,,, you basically have 2 options -- using top / bottom of pins or average of highs & lows like you did
Reply
Alireza
8 months ago
It stuck in a daily pviot .
Reply
nmike MOD Alireza
8 months ago
what daily pivot? you have chart?
Reply
Alireza nmike
8 months ago
yeah , wait a moment please
Reply
Alireza nmike
8 months ago
http://uupload.ir/files/5egy_capture1.png
Reply
Alireza nmike
8 months ago
pink line is daily pivot!
Reply
nmike MOD Alireza
8 months ago
ok i see it,,anyway currently close yo Key range resistance
Reply
nmike MOD
8 months ago
snapshot
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hanikad
7 months ago
Hello my friend, that's how I understand from these analyzes and images from I'm a sale or purchase
Reply
Alex.Singletary
6 months ago
wow thats amazing to see, this far from when it was posted.
+1 Reply
nmike MOD Alex.Singletary
6 months ago
...9 months and still in range box...hehe....
Reply
summer6
14 days ago
this chart still looks great :)
Reply
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