Euro spike base ?!? — Hans I see an S+R level at 3791 - 3803 zone, as base of the 28 May and later spikes down, and top of earlier small consolidation area from 20/21 May timeframe. Then next lower I see as 3721 - 3726 area, as per latest ...

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Shiko Here's how I saw it ... Price turned back up at 1.6327, exactly the 76.4% Fibo retracement level of the previous run-up from 1.6237 - 1.6620. 1.6331 is also the 61.8% Fibo retracement level on my 4-Hour chart of the previous run down from ...

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Cable Short around 1.4300 - 1.4310 zone — Potential Short on Cable (GBP/USD) around 1.4300 - 1.4310 zone. This is: At the 1.4300 Support + Resistance level Within the gap-down between Friday + Sunday evenings Around the 61.8% - 76.4% Fibo zone ...

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GU — GU is the GBP/USD pair, ie the Pound Sterling paired with the US Dollar.

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S+R indicator — Hi Paul Sounds good, I'd be very interested to try out your indicator and give you feedback as requested. Thanks for the offer. Best wishes, Loudoniii

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Cup formation trading tactics — Hi Kane You make a good point in terms of the top-down approach... Applied correctly this should be the perfect combination of strategic S+R level planning, plus shorter-term cup formation patterns to pinpoint ...

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Cup patterns rock, again ! — Hi Kane - thanks for the post. I've been working the cup patterns on the 15-min chart, which is great when the market is moving OK. However, on days like today that have very slow periods, it is sometimes difficult ...

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Online trading room — Sounds good to me Cindy (assuming Billy Ray is OK with it) !

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Swissie long (post-IFO) — Great call, Len ! IFO really moved that Swiss puppy - and all the other European currencies. I just made some nice PIPs on the Swissie, and it looks like it's got a good way to go yet .. with maybe a bit of a retrace ...

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Sam Seiden articles on cup formation setups — Hi Bashbrothers ! Thanks a million for these articles, which are really interesting and right on the money. I've been doing these setups on the 15 min chart and they work very reliably. Thanks ...

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Cup formations — Hi Len / birdt / et al Further to recent discussion of the Cup / Bucket formations to which BRV introduced us this week, I've been looking at the Euro (EUR/USD) yesterday, as follows: 1. Review 5-min Euro chart for Thursday 21 ...

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Buckets rock ! — Hi BRV ! Thank you so much for the tip about bucket / cup patterns in post #3156: url . I've been experimenting with these ever since, including on the shorter timeframes, and they really work well, especially when combined ...

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USD/JPY direction ?!? — Hi guys - here's my two cents worth on the current debate about the USD/JPY direction, for what it's worth. Looking at the 4-hour chart - and I wouldn't look at anything shorter for this - looks to me like the overall ...

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Obtaining MT4 historical OHLC data (and why do so ?) — Hi David ! It's dead easy - you don't even need to use the History facility in MT4 to get historical OHLC data. All I did was the following: 1. Go to Tools / Options / Charts and set Max ...

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Spiky talk — I respectfully disagree. What we do right now with spikes is look for "large" spikes on the 4-hr as possible indications of a solid S+R area which could yield a similar reaction in future. This is a very subjective process. What I ...

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Monthly data, etc — Thanks for the input. Another important criterion that I am now working on is the spike size, as it is the big spikes, eg on the 4-hr chart. These help us see where price has jumped off a particular level like a scalded ...

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Basics — Fair comment. However, as I said in my post, I personally find it more difficult to spot S+R levels when price - as now - gets in to an area where it hasn't been recently. Scrolling horizontally back and forward on a 4-hour chart, I ...

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Spotting good S+R levels — Further to my earlier post on this topic ( url ), I've been doing some work on refining my spreadsheet to help me spot good S+R levels, to classic BRV criteria. Using the worksheet "Sorted level analysis", I'm ...

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Monthly S+R level spotter spreadsheet — Hi Garcia ! For the avoidance of doubt, please let me say that this is nothing like Codemuncher's posts, which were primarily about indicators. Billy Ray's S+R trading approach uses only S+R levels on ...

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Monthly S+R level spotter spreadsheet — Hi Djambazov84 ! The "Delta" field has no complex scientific definition - it's dead simple. All I am trying to do with the "Delta" field is to calculate how close together the various hits on a level ...

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