TRADING FORK EXTREMES – 3 month Setups.

[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.