The "Pulse" of an asset times Fibonacci: USDJPY at Impulse ReduxUJ as we know is a read on risk sentiment.
Currently swayed by US-China trade war talk.
Now at an important zone to watch for clues.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
This is part my ongoing series to collect examples of my Methodology.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Fibonacci
[Quick Guide] PRISM Signals & PDF indicators.
The PRISM Signals appears to work well especially at lower time-frames (even down to 5 min candles).
The key is to maximizing true-positives is to carefully optimize the input parameters and scoring weights and detection thresholds for a specific given chart and timeframe.
See also the 5 mins chart:
Also shown here is the PDF script, which provides: dynamic Fib levels, pSAR indicator, as well as 2 levels standard deviation bands (disabled here).
The thickest green/red limes are the local-top/bottom lines. Adjust the Fib Input Range accordingly to ensure that the local highs/lows are accurately captured.
The 61.8% levels are the thicker blue lines, and the purple lines are additional levels derived base on the mathematical conjugation between Fib levels.
Again, it is highly recommended to carefully check/optimize the input parameters for a given chart/timeframe against historical trends before proceeding to use it.
This script also provides consecutive higher/lower-highs/lows detection, which is disabled here.
Various features of these scripts can be manually Enabled/Disabled by the users to keep the chart neat.
Even though these scripts are constructed from a set of indicators, it is still highly advised to be used in conjunction with other analysis such as: trendlines, volume, and other indicators, etc., as well as analyzing and comparing with higher/lower timeframes, to help filter out or identify possible risk of false-positives to maximize your success rate.
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Indicators used:
PRISM Signals (Color and Stdev bands disabled here) -- Algorithm to generate scoring-based bullish/bearish signals derived from the PRISM oscillators set.
PDF {pSAR /w HiLo Trends + Fib Retrace/Extension Levels} -- Parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level.
Ichimoku Cloud {Cybernetwork} -- Ichimoku Cloud with modified parameters.
Related Indicator:
PRISM Oscillator -- pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators
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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
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Please check out my other indicators sets and series, e.g.
LIVIDITIUM (dynamic levels),
AEONDRIFT (multi-levels standard deviation bands),
FUSIONGAPS (MA based oscillators),
MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
and more to come.
Constructive feedback and suggestions are welcome.
If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~ JuniAiko
(=^~^=)v~
USD/ZAR Never Presume on the Market Study (Part 2)As a follow up to my previous post (see below), we see that what we have seen in the way of sell activity was a deep pullback to the trendline. When we are not sure what the market is doing, it's best to wait than to presume. Let us also look left, we see retesting of key zone (wick). Will price continue up to 15.5 and above? Continue to study price action and see where it takes us!
USD/ZAR Never Presume on the Market - TutorialUSD/ZAR is by far my favorite pair to trade. This is simply a tutorial to remind us to always keep an open mind when we perform analysis. We can never presume which way the market will go. We must study zone to zone, swing by swing, price action, all along the way. Some may say we will see a drop , some may say we will see a rise, but what does the market say? What we want to study is market structure and patterns within the market structure, as well as price action along the way.
Before we study the charts the first thing we should do is forget everything we think we know about where we think price will go. We need to approach the market with an open mind and ask ourselves: What is the market saying to me?
Now for what we do see. Starting on a higher timeframe, technically speaking we could have a bullish flag forming. Afterwhich we could expect another push to the upside. Depending on price action in the markets in the near future, we could see price break the trendline as noted for further movement down; Even still In either sense we may see price reverse. We can't assume that price will reach a certain high or low, but what does the market say? The analysis can change from one day to another based on what price action is doing. I also remind us all to not trade the news, but to keep the news in mind. We should always be aware of what's going on fundamentally. However, the market structure of the chart over time incorporates news events and such over time. Technicals tell the whole story.
Lets discuss! What do you see? Follow me on Facebook or Instagram (links below). Be sure to comment and like as well. Students of the market we must always remain! To join my team of forex traders and learn how to trade the markets, inbox me for more information or click my link in my bio.
Next waves must be around $1600 Hello all, looking at the analysis for XAU that is very interesting. I bet the $1600 as the next target for XAU and if we look at the blue line which has crossed up the white dynamic line, this is clearly a good sign for trend continuation, I hope to see the price retrace first to complete the 4th wave before challenging the golden pocket zone.
Thank you
Great tool for predicting bubble/hype tops!What is the difference between bubble and hype?
Hypes are usually local tops inside the greater bubble.
As we said before there is a 90% chance we already started the next bubble.
For now, we had a hype that most probably finished at the 5th Elliot wave.
As you can see previous tops and dips can greatly predict where the next tops will be!
1.618 Fibonacci level is the key and when combined with Fibonacci levels from other extensions you get to know where the strong resistance is.
First, we get to extend to 3.618 and then to one level lower (2.618) from the previous price movement. Both are aligned with previous 1.618 Fibonacci extensions.
Hope with this will mean less FOMO and FUD when trading.
THIS IS NOT FINANCIAL ADVICE.
Remember to trade safely!
If you want to thank us you can hit like and leave a comment. Thank you for your support.
ELLIOTT WAVES - characteristics Waves for BITCOINWave characteristics
1. "Market psyche" is almost completely bearish The news is still negative
2. The market is drifting away from recent, hard - work, profitable positions.
The price can roll back almost 100% of Wave 1, but not lower that is beginning .
Usually it is about 50-60 % of Wave 1, and it develops against the background of the dominant predominance of investors who prefer to fix profit.
3. There is a sharp growth of optimism among investors.
This is most powerful and longest wave of growth
(it can't be the shortest), at which prices accelerate and volumes increase. Classical 3
Wave exceeds Wave 1 at least in 1.618 times and may be even bigger.
4. Wave is often difficult to identify. Usually it rolls back no more then 38% of Wave 3.
It's depth and duration, as a mile, is not big.
Wave 4 should not fall below the level of Wave 2.
5. Wave 5 is usually much less dynamic, than the 3 Wave.
During the 5 Wave, many confirming technical indicators begin to fall behind the price movement.
Also at this time, some oscillators start to show negative divergence, warning that the
market is moving to the top.
The "Pulse" of an asset times Fibonacci: BTC dire Impulse ReduxBitcoin has returned to its last Impulse pushing up.
This is a crucial test of the overall trend structure.
This battle will determine the mid-term outlook.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the buyers still there? Enough to absorb the selling power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
This is part my ongoing series to collect examples of my Methodology.
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Intro To Gold Reversal TemplateHello, guys!
For those who still follow and read my setups! I want to give you something that can help you in trading!
This is a very beautiful template if you combine it with other tools you have in your arsenal.
Especially with Trend Lines and structure.
Please click on the share button under this idea, and then click on MAKE IT MINE, it will open up in a chart for you and go to 1 minute to monitor this template.
I will update rules below this idea.
EURUSD 30m . Just now, I have got a 7:1 return
X point is a structure, hoarding a large number of unfilled orders
Point C is the high point created by the X structure.
Point B is the first test to sell the X structure, and there is no new low.
Point A is the rebound of point B after the X structure test.
So if the buy order for the X buy structure is not strong enough, then why is there a point where point A is higher than point C?
Therefore, when the new high A point appears, the bullish sentiment will rise. When the price falls back to the X structure again, we will grab another rebound with the smallest stop loss. The reason is that point C has been broken by point A.
We don't need to think that we can catch a big market every time. When we have the risk quota and size, we can calculate the larger size based on the stop loss spread and quickly make a big profit in the short-term.
Also, let's focus on the 4H closing. If the backstepping structure is effective, then in the short term, we can switch to the long idea.
There are two reasons
1, Y point is the 0.886 golden section of this downward trend to stop the decline;
2; The megatrend is still a bullish structure, and the Y point has not been broken.
EURUSD