XXX Confluence Scalping Method - Page 3
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Thread: XXX Confluence Scalping Method

  1. #21
    Hello H, Made hardly any. . I will stick with all the majors since they tend to move better. Thanks, Tex

  2. #22
    Hey H,'' What do you consider the usd/jpy and correct me if I am incorrect in your assessment. This is what I am seeing. The sellers may be unloading at 98.00 ish. I see selling opportunities from 98.50 to 99.00(.SR at 98.57ish) (38.2 fib at 98.54) - okay I have 2 sets of weekly pivots one at 98.50 along with the other at 98.20 -( monthy pivot at 98.63) If this price continues below 98.00 from the time of writing then stakes our off. Maybe I am wrong but maybe we can observe a response at these levels over I will try to post a chart later. Good night,Tex

  3. #23
    Quote Originally Posted by ;
    Hey H, What do you consider the usd/jpy and correct me if I'm wrong on your assessment. This is what I'm seeing. The vendors may be unloading at 98.00 ish. I see selling opportunities from 98.50 to 99.00(.SR in 98.57ish) (38.2 fib in 98.54) - okay I have two sets of weekly pivots one at 98.50 and another at 98.20 -( monthy pivot at 98.63) If this price continues below 98.00 from this period of writing then bets our off. Maybe I'm wrong but maybe we could see a response at these levels over I will try to post a chart afterwards. Good night,Tex
    Hi Tex,

    I have comparable degree on my chart. Following is a chart of the 4 hr UJ, and see the trendline break. If you zoom to the 1 hour chart notice the resistance in the 98.90 area. I'm definitely a seller there.

  4. #24
    Something I'm watching... USDCHF

    38 fib degree, strong resistance, weekly and monthly pivot.

  5. #25
    Hi Someone, that's a fantastic level for sure.I'll keep my eye out and I'm awake.

    Tex

  6. #26
    Another fantastic level I have my eye is 1.1630 about the USDCAD.

    Weekly and monthly pivot strong resistance 50 percent fib all within 15 pips.

  7. #27
    Someone, very wonderful spot, I had an order evaporating the round # in that region but it never dropped that far. I'm currently extended the USDCAD from 1.1481 when it analyzed the Nov low of 1.1471. 5 pips drawdown and spread, 180 pips upward at the present time. An intriguing habit the CAD has is evaporating its very own extreme points, due to the highly technical nature of its movement.

  8. #28
    We've got a R1 monthly pivot at 5147 -I maybe looking to go short around 5140 to 5150. We also have indoors bars around the hourly... Tex

  9. #29
    Quote Originally Posted by ;
    I generally put it at the place where I believe my commerce idea would be legitimate....
    Hi hxcjf

    Just trying to explain some points... ... Together with the ATR(50) trailing stop loss, do you discover the ATR(50) on the 4 h chart as shown bellow, and trail which figure (66pips in this instance ) to the entire length of this transaction, and if you get stopped out then re-assess the new atr value for the stop loss?

    Due

    Adam

  10. #30
    Hi hxcjf,
    first time implementing what you have edued on the euro 4 hr chart not sure am I doing it correctly....

    I see around 1.3815/25 level as good support because it is somewhere in the 38.2percent fibo level in addition to the weekly pivot....so an individual can go long , am I right?

    Or shld I be searching farther below round the 1.3735/45 level which is the 50% fibo level in addition to the daily s3?

    Sorry but I'm a newbie in fx.

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