Trading setups
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drake36
- FX Colonel
- Posts:34
- Joined:Tue Apr 23, 2019 4:57 pm
JPMorgan
Post
by drake36 » Mon Apr 29, 2019 3:56 pm
dear friends, I want to share with you this chart.
As you can see I traced many levels in %. Some of them are bold and some not.
All these levels are joined by math relationships. Right today the price is on one of them 116.7 area.
I do not expect any big reverse from this level but at least a sort of minor top. If this happens it means the price pattern drawn has a big probability to work and wait the following levels (especially 37.37%). In case at that level I can see the end of one Elliott Wave pattern I will place a very big short.
Rememember only IF. This doesn't mean the price will touch those levels.
- JPMorganChaseCo.gif (18.56KiB)Viewed 8389 times
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fxMarshal
- Generalissimo
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Post
by fxMarshal » Mon Apr 29, 2019 4:17 pm
do not understand why You put all this levels
Just share with us JPM Monthly chart
Last edited by
fxMarshal on Mon Apr 29, 2019 4:27 pm, edited 1 time in total.
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vlad
- Site Admin (Field Marshall)
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Post
by vlad » Mon Apr 29, 2019 4:24 pm
drake36 wrote: ↑Mon Apr 29, 2019 3:56 pm
dear friends, I want to share with you this chart.
As you can see I traced many levels in %. Some of them are bold and some not.
All these levels are joined by math relationships. Right today the price is on one of them 116.7 area.
I do not expect any big reverse from this level but at least a sort of minor top. If this happens it means the price pattern drawn has a big probability to work and wait the following levels (especially 37.37%). In case at that level I can see the end of one Elliott Wave pattern I will place a very big short.
Rememember only IF. This doesn't mean the price will touch those levels.
JPMorganChaseCo.gif
this is my idea; anil margin would have shorted at USD 30
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drake36
- FX Colonel
- Posts:34
- Joined:Tue Apr 23, 2019 4:57 pm
Post
by drake36 » Mon Apr 29, 2019 5:20 pm
pavel wrote: ↑Mon Apr 29, 2019 4:17 pm
do not understand why You put all this levels
Just share with us JPM Monthly chart
double reason:
1. to remember the pattern.
2. If one level doesn't work (In our case doesnt work as resistance) I expect a bounce as support.
If you see the analysis made by Vlad we expect move up to complete a 5 waves impulse. Maybe the wave 3 or 5 finish exactly in my levels.
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vlad
- Site Admin (Field Marshall)
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Post
by vlad » Tue Apr 30, 2019 3:38 am
pavel wrote: ↑Mon Apr 29, 2019 4:17 pm
do not understand why You put all this levels
Just share with us JPM Monthly chart
lol pavel asking for monthly charts ? lol what is the world coming to?
Hey pavel u dont even look beyond 5 min plus hahaha
Those who dont know; pavel here is master trader who left Anil Margin group years ago.
He trades 1 min charts and at max he watches 5 min chart.
He used to be critical in the Anil Margin tradingroom how for the 10 pips move; anil margin mentors (like victor / dejan) start their analysis on yearly, weekly and monthly charts and then when you enter trades they go into immediate drawdowns.
Pavel is the first guy who invented the lucrative phenomenon of reverse reading Anil Margin officially; he and Nora reverse traded Anil Margin officially for NZDUSD in 2017 ( their story is narratted here
viewtopic.php?f=3&t=27 )
Pavel is funny chap.
