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Author Topic: TA Forex Trading  (Read 16234 times)

kermit42

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Re: TA Forex Trading
« Reply #60 on: December 26, 2016, 04:37:13 pm »
Hey pennies. I hope you and all had a Merry Christmas!

Thanks for putting this forum together. I've mostly stopped going to ihub, maybe this will breathe new life into the forex thread and into my trading!
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Pennies2007

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Re: TA Forex Trading
« Reply #61 on: December 26, 2016, 06:51:38 pm »
Kermit! Wow dude, welcome aboard! So glad to have you here. I really hope the board does well here. It's only a basic, out of the box design but I think it will serve our purposes.

Merry Christmas and may we all prosper in our Forex trading in the new year.   ;D
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Pennies2007

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Re: TA Forex Trading
« Reply #62 on: December 27, 2016, 07:57:40 am »
NU line chart and TDI hidden divergence are still suggesting another push down here.

Hourly and 4 hour charts...

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javalin

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Re: TA Forex Trading
« Reply #63 on: December 27, 2016, 11:17:48 am »
Pennies i agree-still holding my nzd/usd short-thanks for the charts
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javalin

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Re: TA Forex Trading
« Reply #64 on: December 27, 2016, 11:20:33 am »
Something i have been looking at lately-usd/jpy 1 hour  line chart-i've noticed how it has been hitting a certain -what i call a mean line
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javalin

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Re: TA Forex Trading
« Reply #65 on: December 27, 2016, 08:15:21 pm »
USD/JPY update on the 'mean line'--YEP it hit it again
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javalin

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Re: TA Forex Trading
« Reply #66 on: December 27, 2016, 08:54:40 pm »
NZD/USD -as long as it stays between the 4 hour sup and res--it's been hitting that MEAN line--11 times--going to really test this out and find out on the average how long does it take to retrace back to the 'mean line'--finally there will be a break of the  "4 HOUR 'DARVAS BOX'--Yes i will give him credit for his DISCOVERY-- -then we'll watch again for the 'meanline 'on the new "Darvas Box'-his book out years ago was a great read--How i made $ 2,000,000 in the stockmarket--http://www.investopedia.com/articles/trading/07/darvas-box.asp

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javalin

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Re: TA Forex Trading
« Reply #67 on: December 27, 2016, 08:58:51 pm »
uh oh here is the NZD/USD chart lol i'll be better next year
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Pennies2007

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Re: TA Forex Trading
« Reply #68 on: December 28, 2016, 08:08:58 pm »
I'll look into the Darvis box setup Jav. I've never actually heard of it before. I'm not really looking for a new method but I don't mind an additional means of confirmation for trades I'm already looking into. Thanks for bringing it to the board.
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javalin

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Re: TA Forex Trading
« Reply #69 on: December 29, 2016, 12:45:38 pm »
Pennies it was a very interesting read-loaned my book to a so called friend-needless to say --end of that story--i believe there is an indie called the Darvas Box
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javalin

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Re: TA Forex Trading
« Reply #70 on: December 29, 2016, 12:49:29 pm »
Something i just found
http://www.darvastrader.com/

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Pennies2007

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Re: TA Forex Trading
« Reply #71 on: December 29, 2016, 04:40:00 pm »
Ok Jav, I spent some time doing some longer term checking on NU and, for what it's worth, it really looks like it's in for some serious downside in the future.

First, we have the weekly chart, which shows a textbook perfect Goodman wave form with a great retrace right at the 50% level. Of course, it's gonna take a while to reach that kind of target but it does give us an idea of where it might be headed longer term.

In the near term daily chart, we have a really nice bearish head and shoulders with a current neckline break and retest in progress. The lowside target for this pattern is just below 0.65 at 0.6472, give or take a few pips. I think I'll just set a current TP on my short position for a nice round figure at 0.65 and see what happens.

Incidentally, this also lines up with the north surge I'm expecting to see in AUD/NZD. I have a current TP set for my long position to trigger at 1.11.

NU Weekly chart first and then the NU daily chart...

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Pennies2007

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Re: TA Forex Trading
« Reply #72 on: December 29, 2016, 04:42:55 pm »
UJ 4 Hour Chart

Finally getting some bearish action below the lower trend line now. It could still bounce back up inside the channel temporarily but longer term it looks good for downside.

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javalin

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Re: TA Forex Trading
« Reply #73 on: December 29, 2016, 06:20:55 pm »
Thanks for the charts Pennies
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javalin

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Re: TA Forex Trading
« Reply #74 on: December 29, 2016, 06:54:25 pm »
Pennies tks for reminding me of the Goodman approach-wish NZD/USD would fulfill that scenario-and i'm riding bravely with the fall
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TA Forex Trading by Heavyweight
September 30, 2018, 11:48:51 pm