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[Summerset]

Originally Posted by Summerset

... coming wave 5, should equal wave1. (See Chart)
Wave 5 should breakout this quarter, and wave 1 was a 950 pt move. If wave 5 is measured from the bull flag boundary shown on attached chart (3220), then wave 5 should take price to 4170.

Hi Bart,

Thanks for the compliments & yr welcome.

Hope U caught the move this time with yr 3318 long. And please Don't DARE close it until 3600 at least.

I know its emotionaly difficult, but just forget that the position is there.

Leave a partial limit @ 3600, and another partial limit @ 4100. Trade on accumilating lots gradually on an intraday basis only at the extreme intraday lows -(by leaving orders in a set & forget manner).

Earnestly, if price makes 4100, & yr correctly loaded. Yr account would be elevated to an entirely different status.

Keep in mind that a 3 month (QR period) is not much to wait

Now to Entry & Exit levels:-

Technically, Eurodollar's pre-calculated weekly breakout level for this running week is 3481.

If we close this friday above this figure after NFP report, then the weekly breakout level would have been broken. And next week we would have a truly escalating uptrend that should quickly see 3520 & then 3600.

From the slow progress we have seen so far, I can't dream of an escalating trend. And believe we would continue in churning progress of bit-by-bit mode.

Our 1st re-load level is therefore 3384 (this is the current week's noise band high). Remmember, price kept resisting @ this level, & falling back for most of the week.

Currently the modual resistance has changed to 3432, and price should support modually @ 3384.

3432 is exactly the pre-calculated current weekly fluctuation high level.

Now provided reaction is a whipsaw to the NPF tommorro, (especially after today's up move before news release). Take partial profits (only partial), at 3470 (just below the weekly breakout level), & reload profits taken @ 3384 (The level marked above).

If price takes off in an escalating trend, then our wishes have come true, & we trail positions by 75-120 pts.

As of next week, we will note the depth of the retraction made from the highs that will be recorded by this week's end. Also the consolidatory pattern of retraction - if it is recogonizable.

Accordingly, we will begin adding longs on an intraday basis every day by set & forget orders left @ each day's intraday low- in syncrony with the consolidation pattern - if recogonized. And collect partial profits @ the calculated intraday's highs - in a scale out manner, always leaving 50% of the position to run to 4100 targets.

Best wishes with the Trade, and may yr profits flourish.

[mister78]

Thanks Summeset!!
I really sounds fascinating. I am fond of doing what your recommend, its sounds truely convincing. Its really cool also that you were saying that actually 2 weeks ago when the price was forming the diamond pattern.

I will do as you say it. I also deposited some more money on money account (but it will be credited to the trading account next week, Im afraid).

Can you reveal one more secret for me, please? I understand if you dont,t though. How do you calculate daily low? You say: buy at daily low, but how can I be sure its a daily low?
I used Pivot Bains Metatrader indicatir to calcuatle daily Pivot points. Also I know you can calcualte yesterday's low and high and use it for today's trading. But how do you calculate daily low?

sincere regards
Bartosz

[vladv]

This long term strategy is only good for EUR/USD pair,or can I use it for all pairs,or even metals,oil,etc??

[Summerset]

Originally Posted by mister78

I used Pivot Bains Metatrader indicatir to calcuatle daily Pivot points. Also I know you can calcualte yesterday's low and high and use it for today's trading. But how do you calculate daily low?

sincere regards
Bartosz

Provided there is no aggresive news breakout, everyday price trades a certain modular range based on the high recorded y'day, and the last broken resistance.

For Eurodollar today's is <3380-3440>.

If U superimpose this modular range on a pre-calculation based on an average of the high & low fluctuations made by the Eurodollar voltility throughout the week before, U will get several probability ranges to buy (load longs) - just at or below the lower end of this modular range.

This calculation should always be automatically ready on the chart on a daily basis.

If you post me yr e-mail, I will send U some reading material on how to calculate intraday highs & lows, - how to use them, together with an indicator for them.

Sincere Regards

[mister78]

Thanks!! Really appreciate it! bdawidfx@tlen.pl

...do you take all trading days highs during the previous week and take their avarage, then it is your upper band for the next week? and similarly obtain the lower band? This is easy but doing it manualy during the weekedn would be a bit..annoying. You have the indicator for this?

[mister78]

..and one more thing...I understand the way you calculated the bands for today. But then, you say to buy at the days low, ie 3380 today. But it is unlikely the price will drop that low. So when do you buy actually?

[mister78]

>>>If its an intermediate move, price should reject back past the fibs @ 3550-3650.

You wrote that above, but i dont undestand it. What do you mean by that?

[Summerset]

Originally Posted by mister78

>>>If its an intermediate move, price should reject back past the fibs @ 3550-3650.

You wrote that above, but i dont undestand it. What do you mean by that?

OK mail sent.

Today's intraday accumilation levels <3380> are being seen now. This is the time to add 50% on yr original position size leving stops on the new added 50% just 30-35 pips away.

If U r watching the station. U can close out the added positions once the low made so far today is broken. And add lower sub 3320-55 levels, keeping the SL below 3290.

Don't reverse or close out yr original longs @ 3318 - remember, the trend is set. And that U are holding an accumilation on a quarterly 3 month basis for certain quarterly projected equity target- and should not be taking intraday fluctuation action into account. - U would be just watching intraday for pleasure - not decisions.

3550-3650 - is a resistance above the 38% AR of the weekly fork.
If price will not be making 4100 soon. I would expect it to resist @ the 38% AR of the fork, & fall back towards the fib fan of the last up leg.

We could therefore take profits at that level (Clear all), & re-load at the fib fan.

If prices continue past the fan (61% fan line), and close below on a weekly basis- there is then a possibility of a break in trend- and a double top could be forming on monthly. We then stand down & reassess our TA analysis.

[Summerset]

Originally Posted by vladv

This long term strategy is only good for EUR/USD pair,or can I use it for all pairs,or even metals,oil,etc??

Let me get back to U in detail regarding that across the weekend.

REGARDS

[alexandre1647]

If you post me yr e-mail, I will send U some reading material on how to calculate intraday highs & lows, - how to use them, together with an indicator for them.

Hello Summerset,
Is it possible to send this information to akrask1647@rogers.com

regards,
Alex.

[Summerset]

Originally Posted by vladv

This long term strategy is only good for EUR/USD pair,or can I use it for all pairs,or even metals,oil,etc??

Parameters for system implementation are attached. They are applicable for all markets. And if U will be implementing them on certain equities or commodities, I would be interested to share the results, and would contribute time & some effort towards it.

[mister78]

Hi!

I made a picture and trying to interpret it... Its usdchf.

[mister78]

and here are my pics for eurusd, two for weekly and one for daily... You can see free upward channels, blue (v.steep) tomato (steep) and main gold (less steep). This gold channel is the same as on Summerset drawings, I think. And the analysis which follows is that: first we were in the blue channel, now we are in the tomato and when it breaks we will still be in gold, so the long run strategy is long.
On the daily you can see them more clearly. Now we are in the tomato and my guess is that eurousd will start growing soon below the median of the tomato (some fib number). It should lead is to 1.3800 which you can see on the weekly pics as the resistance (it crosses gold upper band).
Generally I hope this is similar to Summerset much more profound analysis.

And you can also see how it corresponds to usdchf pic above. I enlarged it and Im attaching it also here (the red lines here are M+, M, M- lines in the pic above. It appears we usdchf will go up to the line which is defined as M+ (up to 1.24) then it will fall to the support at 1.1946. And the eurusd should make the way up from 1.33 to 1.37.
And also I expect this move to be continues move up for euro and down for usdchf, so the support for usdchf will be broken on the spike below it (to 1.1900 and then back above 1.1950) and for euro it will be a spike above 1.37 to 1.3750.
Then I think we will have a retrecement on euro which will bring it to the lower band of the gold channel. Next, whether dollar will be further weakning depand on US macro data: gdp and inflation.

[mister78]

and one more pic, to illustrate my reasoning concerning usdchf... (i hope I dont mess this thread but it might also serve for you as a critique of my drawings so dont hesitate to discipline me)

[mister78]

Hi, Im attaching yet another pic usdchf H4... it support bearish trend here, and the current bullish run may end up soon...
There are however us data release this week. They may be good for usd, so I think it is better to carefully sell here and buy euro.