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[Summerset]

Originally Posted by Summerset

To generate correct entries & exits, we will test a powerful index, and signal line on it, and make the calls at market time here for those interested, over the coming 4 week period.

Profitable Trading.

Expose 2.5% on a Limit sell for Eurodollar @ 3750. SL @ 3800. Inital TP@ 3640. Bring SL -->Entry once market makes 75points in trade's favor- but do not trail.

Profitable Trading

[Summerset]

Originally Posted by Summerset

Expose 2.5% on a Limit sell for Eurodollar @ 3750. SL @ 3800. Inital TP@ 3640. Bring SL -->Entry once market makes 75points in trade's favor- but do not trail.

Profitable Trading

Move Stop to Entry.
Close 1/2 position at 3650.
Release TP for remainder (open), & do not trail.

Profitable Trading

[mosad2]

gr8 calls summerset.
BTW why dont u post some charts ?
it will be great.

[Summerset]

Originally Posted by mosad2

gr8 calls summerset.
BTW why dont u post some charts ?
it will be great.

Thanks Mossad.

Signal & indicator charts are propriety.
But I do post a chart covering a general analysis behind the move within which the signals are being called.
The general analysis behind the current call, and the coming one - when a call is made for a reversal long - is on the post of 21/7.
Nothing special is shown on the indicator charts anyway, except a cross.

The strenght of the signal, & favorability of the ensuing move are indicated by the exposure size. - Meaning that when a signal is issued for 5% exposure or 7.5%,- U are looking at a take of 300-400 pips at minimum, with an extremely strong reversal signal, and little or NO stall time. So the signal is NOT to be missed then.

All the Best

[Summerset]

Originally Posted by Summerset

Move Stop to Entry.
Close 1/2 position at 3650.
Release TP for remainder (open), & do not trail.

Profitable Trading

Price is now on our inital buy zone<3640>, but there is no buy signal generated yet. And the sell signal is still effective.

There will be ample warning to reverse with grace- should the market turn.
The support at 3610/40 should continue to be tested.

Double on the remaining portion of position by selling a limit @ 3680.
This brings average to 3715
Stop on Full position at 3715
place inital Take profit limit @ 3580.

Profitable trading

[Summerset]

Expose 1.5% to cover Limit longs @ 6730 & another 1.5% for limit longs @ 6720, To full exposure of 3%. SL on both @ 6690. Final TP @ 7200.

This is a -ve premuim trade.

We anticipate an attempt to break upwards out of the triangle on weekly chart. In that case it would become a bull flag with potenial upwards = the flagmast below it ~ 7200

There is a weak buy signal.

[Summerset]

Originally Posted by Summerset

Expose 1.5% to cover Limit longs @ 6730 & another 1.5% for limit longs @ 6720, To full exposure of 3%. SL on both @ 6690. Final TP @ 7200.

This is a -ve premuim trade.

We anticipate an attempt to break upwards out of the triangle on weekly chart. In that case it would become a bull flag with potenial upwards = the flagmast below it ~ 7200

There is a weak buy signal.

Amend entries to become 6745, & 6735. Stop 6705. Same conditions

[Summerset]

Originally Posted by Summerset

Double on the remaining portion of position by selling a limit @ 3680.
This brings average to 3715
Stop on Full position at 3715
place inital Take profit limit @ 3580.

Profitable trading

Stop was hit @ b/e on remaining position portion.

There is a signal for a limited retraction upwards coming 24-->36hrs.

Buy 1% @ market <3640-50> & Add 1% @ 3610. SL@ 3580 on both. Inital TP 3710/40.

Raise SL --> Entry @ 3700. Do Not Trail

[Summerset]

Originally Posted by Summerset

Amend entries to become 6745, & 6735. Stop 6705. Same conditions

Position filled for 3% @ 6740 average. SL 6705. Inital TP 7200.

[Summerset]

Originally Posted by Summerset

Buy 1% @ market <3640-50> & Add 1% @ 3610. SL@ 3580 on both. Inital TP 3710/40.
Raise SL --> Entry @ 3700. Do Not Trail

Remove limit @ 3610.
Raise stop to entry on 3640/50
Raise TP --> 3760

[Summerset]

Originally Posted by Summerset

Remove limit @ 3610.
Raise stop to entry on 3640/50
Raise TP --> 3760

Still holding 1% long @ 3640/50. SL@ Entry
Add 1% at market <3660-50> SL @ 3630.
Raise SL --> entry on new addition once price supports on 3710.
Amend TP for 1% @ 3730, & 1% 3830

Profitable Trading

[Summerset]

Originally Posted by Summerset

Still holding 1% long @ 3640/50. SL@ Entry
Add 1% at market <3660-50> SL @ 3630.
Raise SL --> entry on new addition once price supports on 3710.
Amend TP for 1% @ 3730, & 1% 3830

Profitable Trading

Add Another 1% 3660-70 SL @ 3630. Partial TP@ 3730- Final TP@ 3830
Total Exposure 2% on overall position +1% held with stop @ entry

[Summerset]

Originally Posted by Summerset

Position filled for 3% @ 6740 average. SL 6705. Inital TP 7200.

For those wondering why, & how long we will continue holding such a heavy slow moving instrument at negative premuim- I believe we owe an explanation

CHART-1 (WEEKLY):-

Price is about to breakout of the current asymmetric triangle that is supported on 50% of the AR of the lower portion of the super fork.

Below this 50% AR, there is another triangle that had perviously formed, & been broken out of. This previous triangle should support price from falling below the 50% AR again. So we anticipate the present triangle MUST break upwards

CHART-3 (WEEKLY):-

A closer look - shows a hammer supporting on the Gold Fork Median.
This hammer is supporting on the triangle boundry, underwhich supports a monthly tweezer.

We have bought 78%/61% of this week's forming candle.

CHART-2 (DAILY):-

The Best for last of course.

We have a bullflag, the upper portion of which we have drawn a phi channel. Price have attacked this phi-channel twice (@1&2) and failed to support. This 3rd test to support above the phi channel is currently going on.

Momentum wise, we have a very strong signal on the daily, and so anticipate a break upwards of the inverted H&S neckline shown.

Momentum on 4hr is neutral currently even slacking. If such momentum turns negative on 4hr charts, we will bail out, & re-load lower at the Gold fork median

Until so, we would recommend to take advantage of the slack momentum & long if U r not yet so.

Profitable Trading

[G550]

Thank you for your analysis, Summerset. If you dont' mind me asking, how are Phi channels drawn? Does your system do this for you or are you manually drawing them?

Thank you!

[Summerset]

Hello G-550.

An explanatory pdf on phi-channel construction is attached.

At the moment- I draw them manually. But I believe its possible to program, by letting the MT software change the coordinates of the high bar made by price, & the low made outside the channel, whenever such bars are made.

Note that in a programmed system, the system would take entries only after the bar had crossed & closed over the channel.

But because - I am currently operating manualy, like all mankind - I tend to jump the gun a little.

Anyhow, I plan to have a complete version of the system programmed by year's end.

Sincere Regards.