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#Post#: 152--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 9, 2017, 12:39 pm
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Sounds very likely Heavy. The daily chart shows what looks to be
a leading down-sloping diagonal wedge. That's either Wave A or
Wave 1 down. That's usually followed by a bounce back up to no
higher than a 61.8 retrace of the entire wedge length. After
that, it should set up for a really nice drop to at least a
1.618 fib extension beyond the length of the wedge down. I'm not
at the computer right now but I'll post a chart when I get back.
Sent from my LGL62VL using Tapatalk
#Post#: 153--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 9, 2017, 4:29 pm
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Hey Heavy, I finally made it back to the house after many
harrowing adventures today...LOL!
Ok, back to the NU chart...this is the weekly view. TDI wave
count, box breakdown and retest with rejection, even the smaller
uptrend channel that it was in that has broken to the
downside...lots of things pointing to a nice sell off coming,
both near term and long term. Very short term, it could still
easily bounce up to 0.71 or even 0.72 but I've seen these things
make small corrections and then have the bottom fall out.
I'm holding only one short position but I'll be out at 0.65 but
it could be a while before it tanks. That small uptrend channel
that shows a breakdown has yet to be retested so that could
still get you up to 0.71 or slightly above. Hard to say on the
near term stuff.
NU Weekly Chart...
#Post#: 154--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 9, 2017, 7:14 pm
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Thanks for the chart Pennies-NOW for another subject how long
are you going to keep us in suspense about your new find
#Post#: 155--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 9, 2017, 9:12 pm
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Hey Jav. I'm not so sure it was a good find. I did stumble
across something but as I checked it out in the backtester, I
began to see more setup failures than I wanted. However, I
haven't given up on it. It's kind of like hunting for an
ingredient list for a great soup...something is still
missing...LOL!
#Post#: 156--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 9, 2017, 10:09 pm
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Something i have been looking at-and testing on my charts-looks
interesting-yes there still is some loses but might help you
stay in a trend longer-i have it on my 1hour chart
HTML http://www.ino.com/blog/2009/02/exact-swing-points-support-and-resistance/#.WHRNEfkrI2x
#Post#: 157--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 9, 2017, 10:16 pm
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Maybe you need to add Garlic to that soup-lol
well when you get it going let us know-maybe we could help-you
never know
#Post#: 158--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 9, 2017, 10:20 pm
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Yep, I'll get something together and throw it out there.
Honestly, I still haven't found anything better than the TDI
wave counting method. It's by far the most accurate system I've
ever seen.
#Post#: 159--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 9, 2017, 10:33 pm
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Ok testing the new SWING METHOD-here is my chart
#Post#: 160--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 9, 2017, 10:57 pm
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There are some similarities between what you have there Jav and
what I had in mind. Some things are different though.
I'll try to get something together in the morning and post it to
show what I'm seeing and we can get the board in on it and maybe
come up with a solution together.
#Post#: 161--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 9, 2017, 11:09 pm
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Things could get interesting if that last low point on the chart
gives way. That will shift the whole daily chart to the
downside.
UJ Daily...
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