Thread: Golden Levels: EUR/JPY

Originally Posted by ;

EJ pair is near a potential change zone around 115.40-115-70 image image

That was more a fading of this lows approach.

The next level candidate to get a short is comparable to this one on CAD/JPY.

http://www.streamhedge.com/viewchart...7-12_EURJPY_H4


gt;gt; http://www.streamhedge.com/goldenlevels/ff

Originally Posted by ;

quote That was a fading of the lows approach. The following degree candidate for a brief is similar to the one on CAD/JPY. Http://www.streamhedge.com/viewchart...7-12_EURJPY_H4 gt;gt; http://www.streamhedge.com/goldenlevels/ff

yea, I will expect some bounces and resistance over 117.30 also since there are lots of confluences in that area.
I anticipated Fib-50 from the past brexit drop with recent low and high extremes should be respected somehow. This area is broken but now it seems 115.60-80 zone may function as a service for the next jump to 117 area.
I am scalping brief at the present time from 116.30 with target at the Fib-50 115.75

Originally Posted by ;

quote That was more a fading of the lows approach. The following level candidate for a brief is similar to the one on CAD/JPY. Http://www.streamhedge.com/viewchart...7-12_EURJPY_H4 gt;gt; http://www.streamhedge.com/goldenlevels/ff

It bounced below 115.40 so this level might be respected. It's Fib-62 from last a week leg upward (Jul 2012 - Dec 2014), and two channel TLs are local, and H4 EMA 200 is coming into the region also.

We're in the 117.30 zone with price touching H4 MA200 - right before London open. It is time to monitor this pair closely for a retrace.

Originally Posted by ;

quote That was more a fading of this lows approach. The next degree candidate to get a short is similar to this one on CAD/JPY. Http://www.streamhedge.com/viewchart...7-12_EURJPY_H4 gt;gt; http://www.streamhedge.com/goldenlevels/ff

EJ pair goes in up tendency over ascending channel lines. The turning zone was about the upper channel border at 118.00 - 118.15 which certainly was respected. Now it is back to 115.30 area. I see a potential GL candidates down the way at 113.70-114 area (Fib-61.8 and descending channel TL) and at 112.50-60 (Fib-76.4, Murrey 0/8, the very low border of that last ascending channel)

Quinton, it would be good to hear your opinions about this pair. It jumped about 100 pips higher over our anticipated GL applicants in 117.40-50 area. We can learn something about GL choice that is superior based on this pair this week? Thanks.

looks like around 116.35 we might have a GL region to bounce up. Confl: the two H4 MAs 200 here too, and H1 200 MAs.

Originally Posted by ;

quote EJ pair goes in up tendency within ascending channel lines. The turning zone was on the upper station border at 118.00 - 118.15 which certainly was respected. Now it is back to 115.30 area. I see a possible GL candidates down the way at 113.70-114 area (Fib-61.8 and descending channel TL) and at 112.50-60 (Fib-76.4, Murrey 0/8, the very low border of that last climbing station) , it'd be good to hear your comments on this particular pair. It jumped around 100 pips greater above our expected GL candidates in 117.40-50 region. Perhaps we can learn something...

Been working on an upgrade for the indior and also some other code.

There is quite a bit to learn here:

First off, your own level at 115.48 that had just been characterized by one high and low (albeit major kinds) was confirmed by a thick price (thickest in weeks) and also provided some 'twisty' action around the exact same loion. The end result was a nice bounce from that level:

http://www.streamhedge.com/viewchart...7-22_EURJPY_H1


The indior really nailed the turning point and defined the intermediate high of the current anger about 118.70 (cluster of 4 generated golden levels). Should you've passed the 117.40 area for those deeply seated degrees? It's always a question of lost opportunity vs. missing trades. Even with those generated levels, a row of lows such as those generated by the mid-/late- June range @ 117.40 are often worth taking a commerce from.

http://www.streamhedge.com/viewchart...7-22_EURJPY_H1



gt;gt; http://www.streamhedge.com/goldenlevels/ff

Originally Posted by ;

quote The indior really nailed the turning stage and identified that the intermediate high of the current rage around 118.70 (cluster of 4 generated golden levels). Should you've passed the 117.40 area for those levels that were deeply seated? It's always a matter of lost chance vs. lost trades. Even with these generated levels, a row of lows like those generated by the mid-/late- June range @ 117.40 are often worth taking a trade from. Http://www.streamhedge.com/viewchart...7-22_EURJPY_H1

Thanks, Quinton. I see colored golden lines on your final chart. How were they generated? Are they out of various time frames or the past bright one was inserted by you ?
http://www.streamhedge.com/viewchart...7-22_EURJPY_H1

Originally Posted by ;

quote Thank You . I see colored golden lines in your last chart. How were they generated? Are they out of different time frames or you inserted the past one that is bright manually? http://www.streamhedge.com/viewchart...7-22_EURJPY_H1

Correct. I wanted to compare the generated levels together with the level I mined. The generated bunch of GLs had slightly superior form (more admiration from both the long and short side and better priced clearly). Both zones were worth contemplating. However one could have stayed a little more conservative and just considered the golden degree cluster as the only short entry goal.

Q


gt;gt; http://www.streamhedge.com/goldenlevels/ff

previously spotted amounts at 112.50 and 113.75 were honored on down the way and currently on the way upward, the price just bounced from 113.75 area - confl with Fib-62 level from last leg upward
added a new GL zone at 114.65 - 85