System of the intra-day trade
LevelTrading
Preface
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Type of the system |
Trade on the price levels |
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Commercial tool |
EUR/USD (it works on all dollar pairs - checked) |
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Period |
Monthly, Weekly, Daily, 4 Hour, 1 Hour, 15 min |
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Indicators |
None |
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Size of the position |
Depending on level intensity H1, and also on the agreement of the direction of the motion of price on more elder [taymfreymakh] and relating to them to levels. |
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· The description of tactics is undertaken on this branch of the forum Of [alpari], the author of tactics is TraderNeo (description of tactics further in the text it is conducted from its name). [S]by conducting posts in the united description of the tactics LevelTrading and also by checking orthography it was occupied Don Desperado.
ATTENTION ! The description of tactics represented is
below, it is not the official work Of traderNeo and it cannot be used as
benefit for the trade.
On questions of the instruction of system “LevelTrading” be turned - traderneo@mail.ru.
Content:
1.Description of the system LevelTrading
2.Councils for work with the tactics
3.Examples
1.Description of the system LevelTrading:
LevelTrading - this is the system of intra-day trade. No indicators are
used with the trade along this system.
Trade is conducted from the price levels (Level), which are formed on
the control points of price graph. Levels are built on following
[taymfreymakh]: 1W, 1d, 4H, 1H. Trade inside the day is conducted according to
1H period. Level intensity depends on its [podtverzhdennosti].
The size of the dealt lead is selected depending on level intensity 1H,
and also on the agreement of the direction of the motion of price on more elder
[taymfreymakh] and relating to them to levels.
Purposes are established on the following price level, if the same is
located in this direction of the motion of prices. If this level is absent,
then closing position to be produced on the the [razvorotnym] to the
combinations of spark plugs.
The system Of levelTrading makes it possible to conduct trade inside
the day, it is independent of the current trend, and also with [fletovom]
market. Positions can be opened both long and short. In the course of day can
be opened several positions, the time of finalizing the purposes of which, can
last from several minutes - to several hours, this directly depends on the
dynamics of the current market.
After
glancing at the graph, the reasonable questions arise:
1. as the key points
(there are whether some clear rules ) are determined
2. as are conducted
lines, also, through what precisely points
3. judging according to
figure the angle of the slope of lines one and the same, T.e. is conducted the
base line, which is transferred in parallel to the key points, I rights?
4. what rules of the
entrances/stops/of the profits, when to the rebound/breakdown, to add
revolutions....
5. From where is taken
inclination general for all channels?
6. How to determine,
which of the points of turn to use for conducting the channels, but what are
not (in the Wast strongly not all they are used)?
7. By what [taymfreymu] are determined the points of turn?
Formalization:
General for all channels
inclination it is dictated, as this is not amazing, by the behavior of price
itself. I this checked on all [taymfremakh] from 1[N]
even above.
For constructing the new levels of the channel, it is possible to use practically all points of the turn
of price (which by the not armed view it is evident on two spark plugs).
Certainly, the significance of this point rises, if we parallel line lie down
ourselves on the past control point. Only with this approach you will obtain
the mass of channels, but I can assure you, their inclination will remain, and
to deal in them is also possible (see figure)
Points of the turn it is
possible to determine on any [taymfreyme], certainly better beginning
from 1H.
In each such level the price
begins to be trampled down [vverkh]-[vniz], it is necessary to a little
[ponablyudat] in order to understand where it it more greatly pulls.
What line as to play: to the breakdown or to the rebound? Simply we alternate UPWARD then DOWNWARD, [VVERKH]-[VNIZ]. We play always only to the ring-off from the level, if this stop motion opens the level lying on its way, let it breaks through. But if resistance meets on it, we will again play to the ring-off.
Determination of concept channel (Channel):
Channel � this linear
graphic construction on the price graph, which consists of two parallel lines
(Line of of the of channel), which are built the minimum according to three
control points (Checkpoint).
Rules of the construction
of primary channel (Primary Of channel):
The presence is required for
constructing the primary channel minimum of three control points (Checkpoint).
For one control point starts
the local price the minimum or price the maximum. First line of primary channel
to be built on two control points (two local minimums or two local maximums).
Second line to be carried out in parallel to the first, through third control
point (local minimum or local maximum).
The construction of
initial channel in several versions is shown in the figure:
I do
think that in many does arise the question, what control points to consider
true local price by the minimum or by maximum for constructing the primary
channel? You say such points on the price graph much, moreover on all
[taymfreymakh]. I with you am completely agreeable, for constructing the
primary channel, should be taken only such control points, the constructed
channel on which, will have a width from 30 points. The width of channel is
determined by straight vertical line from upper boundary of channel to lower
control point 2. For constructing the channels I recommend to use [taymfreym]
not less than 1[N]. The represented in the figure channel has a width 34 point.
Through two maximums we draw a line .
Through the local minimum it is conducted parallel line. In summation, we
obtain primary channel.
On to center channel built still one parallel line. Let us name its central
line of channel ([S]entral of line of of the of channel).
Now let us have a talk [o] the significance the lines of channel.
The line of
channel is considered significant, with the condition of the fact that the
price was repulsed from this line not less 2nd times. In the given above figure
such line is upper line, the constructed channel.
I will give small analogy.
Present that before you glass-, and you do throw in it stone, which in this
case will occur with the greatest probability? It is possible with the greatest
probability to assume which by the glass- will break, but there is also a
probability and that that there will be crack and stone will bounce. But now present
dual glass- that before you. The probability of the fact that glass- will keep
balance it grows. Certainly very much depends also on the size of the stone of
that be casten to the glass-.
Also the very and the
significance of the line of channel grows with an increase in the quantity of
rebounds of price from it. Market moves by means of the smallest resistance. A
large quantity of rebounds from the price level speaks about the incapacity or
about not the desire of its players to throw large stone to this side.
Give let us examine, which occurs with the channel further.
We see
according to figure that the market departs downward, breaking through
insignificant ( the not confirmed) boundary of channel. That we can expect in
this case:
1. penetration false and
market will return to the channel.
2. price will pass
downward distance, the approximately equal to width channel.
Our possible actions:
1. To open Sell
2. To remain out of the
market.
However, which occurs with
the price:
Note price it undertakes the
attempt to return to the channel after penetration, but to open line conversely
in it it is not obtained. Support becomes resistance.
In this case this line
again becomes insignificant , but by already upper line. But market
satisfactorily passes downward the distance the approximately equal to the
width of the channel. TAKE PROFIT.
We
further make what on the graph.
The new price minimum was
formed. Distance from the past control point comprises more than 30 points. We
mark this local price minimum as new control point.
We control the behavior of price. As you see, we see very interesting
moment, price meets with resistance on the central line of primary channel and
is formed new local maximum. We mark this maximum by control point.
Price is further, after being repelled from the central line of primary
channel, it moves and it reaches downward to our new lower line.
Note: I want to focus attention on the fact that price
usually it does not reach previously the established local minimum, but it
begins to be repulsed approximately from the price of closing this minimum.
This to be discussed and in the book of respected Thomas r. [Demarka] “
proximate analysis - new science "
This
established fact should be considered with the discovery of new position from
confirming the line of channel.
We mark on the graph the new
local minimum as control point. Through the upper control point we carry out
the heavy line of channel.
It is discovered position BUY.
Level STOPLOSS we place to the equal to 50%[rasstoyaniya] from to the previous
upper control point. TAKE PROFIT place on upper boundary of channel (line which
we they made fatty.)
Price reaches upper boundary of channel (TAKE PROFIT).
And it is
repulsed from it, thus, confirming and the upper line of channel. We place
control point.
It is obtained confirmed from
two sides channel.
It is possible boldly to work in this channel on the ring-off from the
line.
But again I
want to resemble about the note, which I made above.
You will focus attention, in the
figure I marked by thin dark-blue dotted lines, as he occurs internal the
contraction of the price channel, for the calculation of repulsion from the
price of closing the previous minimum or maximum. It is necessary to calculate
possible profit during this contraction.
STOPLOSS we set equal
to 50% widths of constricted passage.
You will focus attention as on the tapered channel, they are formed the
control points. Constricted passage, also becomes confirmed from two sides.
We look, which occurs with the penetration of constricted passage.
Is discovered
BUY, STOPLOSS we place 50% of [rastoyaniya] of the constricted passage.
We regard we pass
through the boundaries of large channels. We do not change foot. We plan
purposes (vegetable vertical lines). On the largest purpose we establish
TAKEPROFIT. WE AWAIT.
Purpose is achieved (TAKE
PROFIT)
At the local maximum we place control point. We carry out new parallel
line. You will focus attention, price returned and first stopped at lower
boundary of constricted passage (which was they will not touch (not probit
downward)). We place control point. But then [pritormozila] at the quite lower
confirmed boundary of channel, you will look, this boundary we conducted 3 (three)
day ago, but she was meant.
Further we work
on the boundaries of channels, in the dependence on the behavior of market. We
do not forget to note new control points and to build the boundaries of channel.
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This is a computer
translation of the original webpage. It is provided for general information
only and should not be regarded as complete nor
accurate. |
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The
descending channels (i.e., red) are built by the analogy with the dark-blue,
also on the control points. Their lines also can be confirmed and unconfirmed.
And to respectively have different significance.
We work by
means of the smallest resistance. It is obtained, which market itself indicates
along what channel in the given moment we work. And where the greatest possible
resistance or support.
2.Councils for work with the
tactics :
Construction
of the channels
Initial (base) slope angle is determined on quite elder [taymfreyme] MN. Since on elder [taymfreyme] we see the most significant price movement fors entire history of concrete commercial tool, the strongest maximums and the minimums. On these significant maximums and minimums we is cost primary level. This inclination reflects the global price directivity (by displacement of price motion, to that or other side).
Subsequently we
are guided by the data by inclination and we carry out the parallel to him
lines to the new maximums and the minimums.
Given price levels -
this not that another as the usual lines of support and resistance. It is
simple in the difference from the classical (horizontal) levels, in this method
of analysis, the levels of support and resistance change their price value in the
time.
For the
periods MN, W1, D1 - inclination one and the basis is undertaken base
inclination MN. For the periods H4 and H1 occurs the small correction of the
inclination of that undertaken from elder [taymfreyma]. Since levels are
conducted through the intersection of the shadows of spark plugs, then the fact
that in the period D1 - shadow of spark plug, in the period H1 the body of
spark plug.
As far as
lines on H1 are concerned, I advise you to break the lines, which the price is
past in two,
directions.
I want to you
to recommend, during the construction of levels, to make the correction of the
line (I I do not bear in mind to change slope angle, but simple to a little
displace line), for the purpose of association with the already existing line,
new peaks or cavities, and not to build new line. And since [taymfreym] H1, is
the last level of detailing and intra-day trade is conducted precisely on it,
then on it should be very attentively selected price motions for constructing
the levels. Because the not noted price motion, can completely change picture
and lead to the incorrectly selected commercial version.
Direction of
motion and the entrance into the market
The analysis
of market situation and the determination of the direction of tendency must be
conducted through
to all
[taymfremam], after which it is possible to compose market picture and to
assume the commercial
the solution.
In the first
turn should be considered two adjacent [taymfreyma]. Price directivity
on elder
[taymfreyme] is more important than on the low-order. It is also necessary to
follow
by the proximity of
price levels on all [taymfreymakh].
For example:
On D1 - directivity of
motion ascending.
On H4 - descending.
On H1 - ascending.
Consequently thus far
price did not reach lower level on time H4 and it remains
the descending
directivity, on H1 we continue to examine the entrance in Shortt from the the
upper
levels.
Sometimes in
level price begins to be trampled down [vverkh]-[vniz] that breaking through it
on diving again under it, it is not necessary to hurry in this situation, it is
necessary to a little [ponablyudat] in order to understand where it it more
greatly pulls.
Very
frequently after the breakdown of level downward price will again test level
but already
from below
-upward and after this continues the descending motion.
Special attention must be given to the levels
price on which occurs the
accumulation of levels to [N]1 and [N]4 or [N]4 and D1 this accumulation
always gives the increased significance of this price level and completely it
can become strong resistance or support.
After strong
motion should be wait for formation or confirmation of price levels and only
after this examined possible commercial versions.
Entrance is
accomplished on the basis of the analysis H1 of period and direction of motion
and levels on elder [taymfreymakh]. Penetration, ring-off are determined by the
significance of level and by the candle combinations.
Inclination
for the hour is selected also on the peaks and the cavities. Good when line
passes so that past support, to become resistance. Well and to certainly
consider necessarily [podtverzhdennost] of line - from two it is more than
control points at the level.
Lines you carry
out, through the accumulations of the shadows of spark plugs. But accurately on
the maximums or the minimums
As far as the
direction of the discovery position is concerned, I recommend to be opened in
the direction of motion on elder [taymfreyme]. For [N]1 to open positions in
the direction of motion H4.
During the
descending motion in the period H4 (from upper boundary to the lower), with the
trade in the period Of [n]1, are opened ONLY short positions to the ring-off
from the upper levels Of [n]1 or to the breakdown of lower levels H1. Long
positions are not opened. Respectively on the contrary, during the ascending
motion in the period H4 (from lower boundary to the upper), with the trade in
the period Of [n]1, are opened ONLY long positions to the ring-off from the lower
levels Of [n]1 or to the breakdown of upper levels H1. Short positions are not
opened.
As the
additional criterion of evaluation of breakdown or rebound, besides
[podtverzhdennosti] and level intensity , serve candle combinations.
Of candle best
anything they work: doges, absorption, hammer and hung. But also star and model
by Jaras. Candle combinations with the trade to [N]1, are better to look on
smaller [taymfreymakh] Of m30 and M15, therefore that if we await closing hour,
then market already will leave from the level.
Rebound from the level should be expected only in the direction of motion on elder [taymfreyme] (calculation of the current trend). If to [N]4 occurs the descending motion, it means on H1, warrants to the rebound are advanced from the upper levels for the purpose of the lower levels
Determination
of the probability of the breakdown
Determinations
of the probability of the breakdown:
1. channel too
narrow - the probability of breakdown is maximum... the narrowness of channel -
is less than 40 p.
2. if price was located
near the line of channel, and after opening it it left on more than 30- 40 p,
then this determines by test on the hours (on another [taymfreymakh] similarly
necessary to determine on other, 30 p for the trade on intra-Day).
3.the determination of
the existing tendency on the market...
4. breakdown is
confirmed, if three hour spark plugs were shut after the breakdown of level...
5. if price was struck
against the level, which was opened and again it left further...
6. for each [taymfreyma]
there is a specific life cycle of motion along the determined channels
(misfortune in the fact that usually, when channel it appears and we we begin to
deal on it, price “mean” it passes into another price channel)... and it is
good to also consider it, it is possible to use Elliott
On the
occasion of false breakdown as rule, if hour spark plug was shut with the large
shadow, which opened level, then this most likely false breakdown... but if was
shut below the following spark plug downy to the pierced level and it was
repelled from it, then most likely this is breakdown, and market will move
further.
If level
twice or more than once is confirmed, thus with the presence of the
corresponding candle combination, he is candidate for the ring-off. Candle
combinations are known to all, for example they are represented in the book Of
[safina].
Ring-off from
the level is most probable itself , even when only of one control point is
present. Relationship is the ring-off: breakdown = 70%: 30%. If at level 2
(two) control points, then respectively level to become [znachimee], and ring-off
from it is more probable.
Feet
Relative to
the level of feet -[lossa], thus are established or on level 1/4 (25%) of the
width of channel or 1/2 (50%) of the width of channel. This depends on the
width of channel and respectively obtained level in the points.
If we is
expected to obtain PROFIT equal to the width of channel, we place the level of
losses to the equal to 50% of the possible profit
Because of the
large spreads of the price of better than the foot to advance not after the
previous levels and to be oriented on the previous peaks the level of feet
-[lossa] with such situations, when it twists price to the different sides and
market situation is not clear, to establish in the level 50% width of channel
is thoughtless. It will be eaten by market. Therefore I imperatively is
recommended the advancing of feet for the past price levels.
Purposes
TAKE PROFIT one should advance on the level of the opposite
boundary of channel, n lean this one should remember that the price usually does
not reach previously the established local minimum, but it begins to be
repulsed approximately from the price of closing this minimum
TAKE PROFIT
very often does not reach that advanced on 5-7 points, it is necessary to
consider with the nomination of the warrants
In the case
when in the direction of motion there is no price level, then profit - the
first purpose can be calculated as difference from the pierced level and with
the width of last channel, we altogether obtain the first purpose.
3.Examples
Example “the nomination of warrants”
Monday, the
morning. 11.07.2005
Buy 0.5 1.2011 stop
1.1986 profit 1.2061
Monday, the morning.
11.07.2005Buy 0.5 1.2011 stop 1.1986 profit 1.2061
MEDIUM
Sell 0.50 1.2195 STOP
1.2235 PROFIT 1.2155
Example “the analysis of situation”
It is published by author 28.09.2005[g].
Small analysis of the current
situation on the pair EURUSD and the possible versions of the course of events.
Concerning the period D1:
The current working price level D1 penetrates mark � 1,1978
Lower price level, this is the lower level W1 of period � 1,1862
Upper price level D1 penetrates mark � 1,2146
Possible versions of trade from the working price level D1:
1) Warrant Of buyStop - 1,2022 S/L - 1,1948 T/P - 1,2129
SellStop (turn) - 1,1948 S/L - 1,2022 T/P - 1,1877
2) Warrant Of sellStop - 1,1948 S/L - 1,2022 T/P - 1,1877
BuyStop (turn) - 1,2022 S/L - 1,1948 T/P - 1,2129
Current level
marking in the period H4.
The current working
price level H4 penetrates the mark - 1,2027
Lower price level, this
is the lower level D1 of period - 1,1978
Upper price level H4
penetrates the mark - 1,2090
Possible versions of
trade from the working price level H4:
1) Warrant Of buyStop -
1,2046 S/L - 1,2015 T/P - 1,2084
SellStop (turn) - 1,2015
S/L - 1,2046 T/P - 1,1986
2) Warrant Of sellStop -
1,2015 S/L - 1,2046 T/P - 1,1986
BuyStop (turn) - 1,2046
S/L - 1,2015 T/P - 1,2084
Example
“The new week
began»
It
is published by the author [Pn] Aug 29, 2005 11:28
New week began. I present that flowing the state of pair EURUSD along the system Of levelTrading
Entrance is
accomplished on the basis of the analysis H1 of period and direction of motion and
levels on elder [taymfreymakh]. Penetration, ring-off are determined by the
significance of level and by the candle combinations.
About a
change in the inclination of lines with attempt at their parallelism, this
Gluck MT, not you one [storlknulis] with this problem. This problem especially
is manifested on elder [taymfreymakh] MN and W1.
As far as lines on H1
are concerned, I advise you to break the lines, which the price is past in two
directions.
For the periods W1, D1
the inclination is taken with MN of period, it does not change even some for
all.
For the period H4 and
[N]1 is selected its on[k]bosoms. If we
take inclination MN, then actually be obtained almost horizontal lines.
Inclination
for the hour is selected also on the peaks and the cavities. Good when line
passes so that past support, to become resistance. Well certainly you look at
[podtverzhdennost] of line - from two it is more than control points at the
level.
Lines you carry out,
through the accumulations of the shadows of spark plugs. But accurately on the
maximums or the minimums
If level
twice or more than once is confirmed, thus with the presence of the
corresponding candle combination, he is candidate for the ring-off. Candle
combinations are known to all, for example they are represented into earlier by
you [Safina] mentioned to the book. What in essence you use candle combinations
for determining the turn and on what [taymfreyme]. Indeed Forex very rapid
market and we do thus far await the formation of candle combination price it
can far leave?
You also mentioned the
direction of the motion of price. It is possible to be opened on the trend or
against it, does have this value? If yes, then for what time intervals?
Ring-off from
the level is most probable itself , even when only of one control point is
present. Relationship is the ring-off: breakdown = 70%: 30%. If at level 2
(two) control points, then respectively level to become [znachimee], and
ring-off from it is more probable.
I use from the candle of
combination: doges, absorption, hammer and hung. But also star and model by
Jaras. Candle combinations with the trade to [N]1, I look on smaller
[taymfreymakh] Of m30 and M15. Since if we await closing hour, then market
actually already will leave from the level.
As far as the direction
of the discovery position is concerned, I recommend to be opened in the
direction of motion on elder [taymfreyme]. For [N]1 to open positions in the
direction of motion H4.
Example
“of the selection of flights”
It is published by author 23.10.2005 g.
Quotation:
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Communication from TarderNeo Quotation:
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Entire good night or the morning.
Here and ended still one commercial week. The given week was sufficient
difficult and in also the time very interesting.
I want to continue my previously written post and to produce the small
“selection of flights” on the main event of this week � still one attempt at the breakdown of price
level 1.1900.
As we now already know, given test proved to be false, and for dollar could not
be been fastened to level 1.1900. And who held short positions on EURUSD to the
breakdown of the downward this level and did not fix in time profit or did not
move the level Of stopLoss into [bezubytok], they caught moose.
Although I expected that this breakdown will not pass easily and the risk of
transaction is sufficiently high, I could not be held in order in it not to
participate.
Now I want to describe, as events were developed and the trade was conducted:
2005.10.19 08:36
Sell 1.00 eurusd 1.1910 1.1950 0.0000 2005.10.19 09:12 1.1890 0.00 0.00 200.00
First entrance to the breakdown of level 1.1900. You will ask, why the
discovery position is made above level 1.1900? I will answer: Because the lower
price level “Of levelTrading” was located above it, and precisely on mark
1.1924 and warrant stood to its penetration. In this position the profit was
fixed with the beginning of the recoil of price. Sum of the transaction: + 20
points.
2005.10.19 10:20
Sell 1.00 eurusd 1.1890 1.1950 1.1850 2005.10.19 11:06 1.1950 0.00 0.00 -600.00
The second entrance with the attempt of the price to continue the descending
motion after recoil, which so was not continued, and price left above 1.1900.
Sum of the transaction: - 60 points. Here and moose.
2005.10.19 11:06
buy 1.00 eurusd 1.1950 1.1890 1.2050 2005.10.19 12:47 1.1970 0.00 0.00 200.00
[Razvorotnyy] warrant upward, to the breakdown of level. Once price does not
want to go downward, let us go together with it upward. Sum of the transaction:
+ 20 points.
2005.10.19 13:30
Sell 1.00 eurusd 1.1960 1.1980 1.1950 2005.10.19 13:39 1.1950 0.00 0.00 100.00
Short term game to the ring-off from the upper level. Time of the transaction
of 9 minutes. Sum of the transaction: + 10 points.
2005.10.19 19:21
buy 1.00 eurusd 1.1980 1.1950 1.2060 2005.10.20 11:12 1.1950 0.00 -18.00
-300.00
Entrance to the breakdown of upper level. Position is left on the night, but
commercial purpose so was not achieved. Sum of the transaction: - 30 points.
Trade into the medium is so past.
Thursday proved to be not less interesting day. This was the day, during which
not at all it was to be dealt before clearing of the situation 
and to be
located out of the market. During this day the price behaved , as speaks
respected by me Stanislav [Grebenshchikov], as “drunk kangaroo” 
.
But in war as in war. Trade continues, by living not to surrender
2005.10.20 11:12
Sell 1.00 eurusd 1.1950 1.1980 1.1930 2005.10.20 15:58 1.1980 0.00 0.00 -300.00
Underneath turn to the breakdown of price level. But this proved to be simply
“drunk” wandering of price. Sum of the transaction: - 30 points.
2005.10.20 15:58
buy 1.00 eurusd 1.1980 1.1930 1.2060 2005.10.21 00:46 1.2011 0.00 -6.00 310.00
Sequential turn on the stop. Position was closed with attempt at the turn of
price, into the discovery of day.
Sum of the transaction: + 31 points.
2005.10.20 21:31
buy 1.00 eurusd 1.2020 1.1930 1.2060 2005.10.21 02:15 1.2060 0.00 -6.00 400.00
Postponed warrant to the penetration of upper price level. Purpose is the same
as in past position. Sum of the transaction: + 40 points.
2005.10.21 01:45
buy 1.00 eurusd 1.2030 1.1930 1.2060 2005.10.21 02:15 1.2060 0.00 0.00 300.00
Postponed warrant to the penetration of still one upper price level. Purpose is
the same. Sum of the transaction: + 30 points.
Market moved
from dead center on the night of Friday. Now
it is possible to total for these of the complex 2 days: in all it was
perfected 9 transactions, of them 3 negative and 6 positive:
+20-60+20+10-30-30+31+40+30 = +31 пункт
чистой
прибыли или 310.00
USD.
As conclusion, I want to say that the
system could transfer complex commercial days, being located in this case in
the market and to compensate the obtained losses.
Calm night.
I desire to all of good output and successful new commercial week.
To all of profits.
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Example “survey on all [taymfreymam]”
It is published by author 18.01.2006 g.
Small
survey of the current situation on all [taymfreymam], taking into account the
existing price levels and current markings.
On [taymfreyme] MN price is located scarcely higher lower price level 1.1963,
after its last year
On [taymfreyme] W1 price also is located above lower price level 1.1906. As it
is evident, breakdown was downward false, and ring-off from this level now most
clearly is examined. Purpose of the ascending motion - upper price level
1.2643. Lower price level is located on mark 1.1185.
On [taymfreyme] D1 price is consolidated in the price channel between upper
strong, repeatedly confirmed price level 1.2207 and by lower price level
1,2054. Moreover the lower price level which earlier served resistance, at the
present moment comes out as support, which serves as the sufficiently strong
confirmation of this price level. The penetration of this [konsolidatsionnogo]
channel will lead to the sufficiently strong price motion, with the purposes:
upper price level 1.2537 or lower price level 1.1810.
On [taymfreyme] H4 we have strong upper price level 1.2170, price for a period
of three weeks undertakes futile attempts at the penetration of this level.
Lower price level 1.2056 on the past week had false penetration, and on this
week price again met support at this level, thereby after restoring it. Only
passes below the unconfirmed price level (that formed on the past week with the
false breakdown of level 1.2056) - 1.2022. Now sequential time the descending
motion from the upper price level is observed.
On [taymfreyme] H1 occurred fairly complicated situation, in the connection by
a large quantity of price levels. Now price after being repelled from upper
price level 1.2150, after opening downward price level 1.2105 be sent toward
lower price level 1.2082. The following lower price level, passing through Low
of yesterday is located on mark 1.2069. Below price level 1.2048. If price
level 1.2150 there will be probit, then the purpose of the ascending motion
there will be following upper price level 1.2207.
Thus, summing up the sum of entire of that outline aboved:
MN - situation not determined
W1 - the ascending motion with purpose 1.2643
D1 - in the correspondence with the weekly tendency, breakdown 1.2207 and
further
motion to 1.2537
H4 - the descending motion to level 1.2056
H1 - the descending motion with first purpose 1.2082
published by author 01.02.2006 g.
01/02/2006
[Taymfreym]
W1:
Price is
located above the lower price level, which is passed at the present moment
through the mark - 1.1920. As is evident, breakdown was downward false, and now
it is most clear
ring-off from this level
is examined. The first purpose of this ascending motion - upper price level,
which is passed at the present moment through the mark - 1.2650 (should be
borne in mind the the fact that this price level, it is unconfirmed).
Current direction of
price motion W1 � ascending.
To the data analysis
[taymfreyma] I will return, with closing sequential spark plug or with the
approach of price to one of the existing price levels
[Taymfreym]
D1:
Price reached
the upper price level, which is passed at the present moment through the mark -
1.2185 (should be had in the form the fact that this price level it lost its
significance, in the connection with the breakdown with its price in two
directions). Nevertheless, price met with on it resistance. At the present
moment it is observed after further development of situation. In the case of
the breakdown of this price level and continuation of the ascending motion, the
first purpose it will be upper price, which is passed at the present moment
through the mark - 1.2315. If this level keeps balance and the lower price
level , which is passed at the present moment through the mark , will restore
its significance thereby, then the ring-off of price from it will lead to the
descending motion, with the first purpose , - 1.2060.
Current direction of
price motion D1 � not definitely.
To the data analysis
[taymfreyma] I will return, with closing sequential spark plug or with a change
in the situation.
[Taymfreym]
H4:
Yesterday price
reached the upper price level, which is passed at the present moment through
the mark - 1.2195 (should be had in the form the fact that this price level it
lost its significance, in the connection with the breakdown with its price in
two directions). Nevertheless, yesterday price met with on it resistance and at
the present moment it is possible to speak about the ring-off from this level
and the restoration of its significance. Now we observe, the descending price
motion with the first purpose the lower price level, which is passed at the
present moment through the mark - 1.2080.
Current direction of
price motion H1 � descending.
To the data analysis
[taymfreyma] I will return with a change in the situation.
[Taymfreym]
H1:
On this
[taymfreyme] we observe the possible formation of new upper price level on the
mark � 1.2163. At the present moment price motion descending.
The first purpose is the lower price level, which is passed at the present
moment through the mark - 1.2120. The following lower price level at the
present moment penetrates the mark - 1.2080 and it coincides with the lower
price level of [taymfreyma] H4.
Current direction of
price motion H1 � descending.
On [taymfreme] H1, are achieved the first purpose, lower price level, on the mark - 1.2120. Since on [taymfreyme] H4 purposeful level is not still achieved, expected by the test of this level and further continuation of the descending motion for the purpose of the following lower price level H1 of that passing on the mark - 1.2082, which coincides with the lower price level of [taymfreyma] H4.
On
[taymfremakh] H1 and H4, are achieved purpose, lower price levels, on the mark
- 1.2082. Since on [taymfreyme] D1 purposeful level is not still achieved,
expected, the continuation of the descending motion and the breakdowns of data
of levels and further motion for the purpose of lower price levels D1, H4
passing on the marks - 1.2060, 1.2050.
In the case of
the incapacity of price to immediately complete this breakdown of level 1.2082,
will follow correction to the upper price level H1 � 1.2120.
See.Figures are below
