About meIndependent Trader. Main focus: Candlestick patterns, Harmonic Patterns, S/R, parallel channels and Fibonacci levels. Developing Algorithms. Inspiring Traders: Steve Nison, Linda B. Raschke, Mark Douglas, Larry Pesavento, Stuart McPhee and Nial Fuller.
Joined 2 years ago
In my journey to find an effective entry tool for my algo's based on trending markets I found the good old Guppy method. I tweaked it a little bit and it gives me a pretty good, technical and clean view of the market. The focus isn't about the crossovers, but the compressing and decompressing of the EMA groups on ...
It looks like Bitcoin has found some major support. We aren't there yet, volumes are still low, but there is some light at the end of the tunnel!
This is also a chart from my former profile. I cleaned it a little. All S/R levels/channels are the same.
Made my day!!! :-)
22:45 update: Almost hit 1.618 fib = 1.382. If it retraces I am looking to go short @ 1.393 -1.392. In the last big moves upward it retraced one or two times @ ± 0.618 fib.
After the big rejection of longterm resistance the EURUSD can easily go back to 1.37 - 1.35. Also a more healthier level ...
Do we break out and set Fire to the Dollar???
Target tomorrow: 1.40 = 1.618 fib extension of today's swing. Other scenario is back to 1.382 = 1.618 fib extension in reverse = 0.618 fib 1.492 H / 1.204 L
1.382 plus a little above and below is a very important S/R zone; look back @ 1995!!
It is also the zone where ...