How to navigate any turn 2 steps ahead! Real Time examples!
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Live - Real Time - Trading examples of navigating the turn(s) - swings - in any market. (In this case: EURUSD & EURGBP)
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The following *** Live Trading snapshot *** can be found in this Real Time Trading Post:
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EURUSD - 5 min.; 09-24-2020, 02:05 EST.
Buy - LONG market; w.33 pip Trailing Stop.
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EURUSD - LONG;
Buy - LONG market; w.33 pip Trailing Stop.
EURUSD - 5 min.; 09-24-2020, 02:05 EST.
Most likely Price Action - for reference only.
35 mins. later
45 mins. later
60 mins. later
70 mins. later
95 mins. later
100 mins. later
120 mins. later
... and...
145 mins. later
... and here it is, the same market (EURUSD)...
... "many" minutes later.
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This Live (Real Time) Trading example (EURGBP) can also be found in the same post as the one above:
The commens for this live (real time) example are included in the charts.
============ EURGBP ==================
Entering LONG here:
Then...
... and ...
Then...
... and...
... and ...
Then... BOOM!!
... and ...
... and finally:
=======================================================================================================
The following *** Live Trading snapshot *** can be found in this Real Time Trading Post:
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
EURUSD - 5 min.; 09-24-2020, 02:05 EST.
Buy - LONG market; w.33 pip Trailing Stop.
======================================
EURUSD - LONG;
Buy - LONG market; w.33 pip Trailing Stop.
EURUSD - 5 min.; 09-24-2020, 02:05 EST.
Most likely Price Action - for reference only.
35 mins. later
45 mins. later
60 mins. later
70 mins. later
95 mins. later
100 mins. later
120 mins. later
... and...
145 mins. later
... and here it is, the same market (EURUSD)...
... "many" minutes later.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
This Live (Real Time) Trading example (EURGBP) can also be found in the same post as the one above:
The commens for this live (real time) example are included in the charts.
============ EURGBP ==================
Entering LONG here:
Then...
... and ...
Then...
... and...
... and ...
Then... BOOM!!
... and ...
... and finally:
Nota
Something useful to remember;======================================
While Market Tops are usually "Processes" - long and drawn-out -, Market Bottoms tend to be Events" - usually a single, violent / volatile day.
- Cheers
Nota
Also...In FX, there is no such thing as: "overbought" or "oversold". (Believe that!)
Nota
One, other need-to-know;In the FX Markets, major, important Harmonic Patterns, foreshadowing significant changes in the main trend, are often completed suddenly and "violently" during an "important", pre-scheduled news event - i.e. during Central Bank yekkedy-yek, or Federal Reserve blah, blah, blah., etc.
Knowing this, you do not care even if the Queen of England, herself, is buying the British Pound, to mark her completision a brand new pole-dance routine, if the GBP happens to be in a Bearish Deep Crab's PRZ (Potential Reversal Zone), *** on some higher time frame - i.e., Daily and up ***, for example, you are SELLING! - And selling it, and then selling it some more!!... Because unless the BoE physically runs out of paper on which to print the Pound, and for you to short some more, you know better than to fall for it. - Right?! Because in that case you are right and they are wrong, it's simple as that. (Now, in the case of the SNB one may wish to be a little more cautious because those Swiss jokers can - and generally: will! - do things to you that will have you talking to yourself for the rest of your natural life.)
Nota
Here is an other, Real time example; The S&P 500, Daily,which was posted on Sept. 9., 2 full weeks (16 days) ago, in this post:
Play this Daily Chart (the title chart) forward and convince yourself how the above concepts (The Turn) are working out?! - In this case on a much higher time frame; i.e. Daily.
Nota
Here is an other one;The Dow (E-mini)Daily, posted 17 days ago, on Sept. 8th:
Nota
... or this one - AUDJPY 4 hr.; posted on Sept. 9.:(just play it forward)
Nota
This is a Monthly Chart - GBPUSD -that has been following those arrows for the past 12 years, by now!!
Nota
or this one...
... from back in August.
Nota
This one is also a Weekly, from back in August:
... that turned out to be good for +668% Net R.O.I. in 7 trading days!!
Nota
... and this one...... all from this post:
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