|
|
| ||||
| eur/usd short term cycle analysis for week of June 15 The attached image is my cycle analysis for the week of June 15. This is how it worked out so far. The turn points are at the top of the page numbered 1 to 12. The time of the chart is Eastern time US. The #1 turn point was due about 22:00 on June 15. The #2 turn point was due about 10:00 June 16. #2 turn point came early at 02:00 June 16. This form of analysis can be beneficial because it tells you the approximate timing of turn points in advance, and how long a move might last. Charts for the weeks of June 22 and June30 are posted on different threads. Comments and questions are welcome, although I will not reveal how I determine the turn points. Sorry for the poor image quality, I do not know how to create charts on my computer. |
| Sponsored Links |
| |
| ||||
| I would rather not give specific levels. First off the people viewing the forum are smart enough to figure it out for themselves. Second, I have no idea how far the market will move, and I don't think anybody else knows either. I recomend enrty stops above or below swing highs and lows on short term charts to enter. Once filled a trailing stop and or take profit at an arbitary target such as 50 pips. |
| ||||
| Thats fine, but you do trade your system right? Why wont you share with us your enteries, stops and tgts I would like to follow your trades and I'm sure all of us would. Thanx. |
| ||||
| My reply above is good enough. I do not want to repeat myself. I will indicate when it appears a high or low has ocurred, and if anybody wants to trade it that is up to them. It looks like there will be no worthwhile trade to the #12 high. The market has continued down past the #11 low, indicating strength to the downside. I would be looking to sell rallies next week. |
| Sponsored Links |
| |
| ||||
| I've reconsidered Rezo Hi Rezo. I have reconsidered your suggestion to post my trades. I will go ahead and do that as I am interested in marketing this analysis if traders feel it would be worthwhile. Thanks. |
![]() |
| Bookmarks |
| Thread Tools | |
| Display Modes | |
| |