FX:NZDUSD   New Zealand Dollar / U.S. Dollar
248 9 10
I just woke from bed, and this setup jumps @ me.
Tis looking like a 'HL MTR'
I shall develop the idea soon

UTL=UpTrendline = A line from the Lowest Low, upward and to the highest minor low point preceding the Highest High so that the line does not pass through prices in between
these two points.
DTL=DownTrendline = A line from the highest high point downward to the lowest minor high point preceding the lowest low so that the line does not pass through prices in between these two high points.
SX/BX =Sell Climax/Buy Climax
BOL=Breakout limit (Determined when price seize to make a new high/low in 5 bars since the last high/low following the initial rally/selloff after TL BO)
LH MTR = Lower High Major Trend Reversal = Leg up following the 'BOL' gets close to 'BX'
HH MTR=Higher High Major Trend Reversal = Leg up following the 'BOL' exceeds 'BX'
LLMTR = Lower Low Major Trend Reversal = Leg down following the 'BOL' exceeds 'SX'
HL MTR= Higher Low Major Trend Reversal =Legdown following the 'BOL' only gets close to 'SX'
TR = Trading Range (Tradable legs implied)
The Logic
1. Trend trading until the weight of evidence tells of the absence of the trend.
2. And to trade the potential legs within the trading range, when price finally breaks the trendline , and enters into a tradable trading range, until there's a trading range breakout- continuation or reversal.

Comment: GOLD @ BOL


A solid conviction above BOL would be great!
Comment: Clean Buy !
Comment: Close is close enough!
The profit was gud!
Can we doit again....?
From pole to pole >^_^<
Comment: KEEP CALM. and keep making money ;)
Comment: NZDUSD: This has been an observation following a long time experience: Ïf I'm really serious bout taking money out of the markets to help pay my bills, then I'll define my setups correctly, and define my signals rightly for entries. Now, a lost trade upon 1st signal, is not equal to giving up on the instrument. It means the signals was wrong. or not yet in. But guess what, The setup is still right and tight.
Comment: We need signal to short. Lest 4get it!
Comment: NZDUSD_Daily: 3 pushes down = bullflag = BOL = Long to testing of BX, possibly. (***improper labelling on chart, due to speed*** )
Comment: There we go!

Related Ideas

waiting to short
+1 Reply
we've just broke out of an upward channel, does that not have any relevance?
+1 Reply
moorekapital marcus123
It all depends on what you're looking at, mate. I dont think we all have same channels drawn on our charts :P
+1 Reply
moorekapital moorekapital
+1 Reply
moorekapital moorekapital
+1 Reply
ok, please up date again buy or sell , thank so much
+1 Reply
moorekapital ChatchaiVong
Thanks. Problem is, Im mostly away when the setups come up. I'm working a day job as a Physics Teacher ;)
+1 Reply
ChatchaiVong moorekapital
thank very much
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out