nmike
Long

EUR/USD Weekly Range Cloning Analysis

FX:EURUSD   Euro Fx/U.S. Dollar
2072 33 48
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 9 months ago
moneymaking
2 years 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
2 years ago
....., you can use the Pivots indicator to show major swing points and then you just Clone the ranges,
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+4 Reply
moneymaking nmike
2 years ago
Oh great, thank you. That would makes it much easier. Appreciate the help nmike :)
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nmike MOD moneymaking
2 years ago
basic information on Cloning in commentaries
TSLA CLONING targets (daily)
+3 Reply
moneymaking nmike
2 years 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 :)
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nmike MOD moneymaking
2 years ago
....glad to share :)
+2 Reply
jangseohee
2 years ago
what a clone nmike! ^_^
some silly projection from me on DXY (which applies inversely on EU)
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+2 Reply
nmike MOD
2 years ago
...nope...... could not hold above reference range last week,back to S1
+2 Reply
Cityfox
2 years 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
2 years ago
...great :)
+2 Reply
nmike MOD
2 years ago
weekly bullish candle action .....likely to top of reference range near term
+1 Reply
Nickmail
2 years ago
trading on the critical levels
probably we'll see trending this channel
+2 Reply
nmike MOD Nickmail
2 years ago
yes, most likely
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+3 Reply
nmike MOD
2 years ago
Fisher 34/ 100 system for those of you that like indicators and or use divergence.

GLD  weekly , update
+2 Reply
mkdeep04 nmike
2 years 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 ?
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nmike MOD nmike
2 years ago
sample charts in commentaries
+1 Reply
nmike MOD
2 years ago
Clones on daily frame
snapshot
+2 Reply
jangseohee nmike
2 years ago
boring.. keep squeezing
+1 Reply
VanTuan
a year ago
Pls tell me that I uderstand Clones strategy right or wrong? Thanks in advance

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nmike MOD VanTuan
a year ago
yes that's ok,,, you basically have 2 options -- using top / bottom of pins or average of highs & lows like you did
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Alireza
a year ago
It stuck in a daily pviot .
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nmike MOD Alireza
a year ago
what daily pivot? you have chart?
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Alireza nmike
a year ago
yeah , wait a moment please
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Alireza nmike
a year ago
http://uupload.ir/files/5egy_capture1.png
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Alireza nmike
a year ago
pink line is daily pivot!
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nmike MOD Alireza
a year ago
ok i see it,,anyway currently close yo Key range resistance
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nmike MOD
a year ago
snapshot
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hanikad
11 months ago
Hello my friend, that's how I understand from these analyzes and images from I'm a sale or purchase
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Alex.Singletary
10 months ago
wow thats amazing to see, this far from when it was posted.
+1 Reply
nmike MOD Alex.Singletary
10 months ago
...9 months and still in range box...hehe....
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summer6
4 months ago
this chart still looks great :)
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JaniKiss summer6
3 months ago
@summer6, Agree.
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nmike MOD
2 months ago
Not a Convincing Break

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