EU D1 Long

D1 Long:

D1 Long

This pattern completes at a .382 lvl.

Yellow: Buy Zone

Red: Stop

Green: TP1 (swing high will be made)

Any Questions Can be Emailed to:

Market Map Online

EU H1 Short

EU Short: Update:Complete

H1 Short

Yellow: Sell zone

Red Stop loss (choice)

Green:TP 1/2 (Will update if price continues down. This pattern will produce a100 lvl hit)

Update:

Completed

Any Questions Can be Emailed to:

Market Map Online

EU D1 Short

Short: Update-Trade complete

Complete

Hit right on TP2 (previous chart below)

 

Short.

-Red Highlight: Stop

-Yellow: Sell anywhere in the zone

-Green Lines: TP1/2 Price should make a swing low on the TP

Update:W1

W1(pivot pending)

The W1 has provided a longer term short target as well as a turning point to take a long. Once a swing is made on  the green TP (.382 lvl) longs will be safe.

Any Questions Can be Emailed to:

Market Map Online

EU D1

Short:
First TP green Line....Will update if broken (no pivot candle made)
 -----Will be Long after pivot is made at green TP


Main trend is up, but this has nice R:R.




Update:4/5/11

Short cycle complete

Moved stop to break even at 1.4242 and got out just now based on price action at 1.4192 for +50

Any Questions Can be Emailed to:

Market Map Online 

UJ

Time to buy: Look at the excellent price being offered!!!!Updated:4/3/11

 

Monthly Chart

The MN chart shows a cycle end (pending pivot candle...but this is the time I like to buy for best R:R) and we can expect at least a retrace to trade up if not a nice trend reversal. Either way I expect this to hand out a great number of pips.

 

W1 Chart

Targets are based on the weekly chart and I expect at least the 2nd TP. I have one position right now and will add to it if I can get a retrace before it takes off north. 

4/1/11

D1 Long cycle complete

Closed out longs when price made a pivot to complete a cycle. Now will wait for a tip to the level in the chart below to buy again.

 

D1 Retrace

Waiting for Pivot on a green line for more longs.

EU Outlook

Here is a quick overview of the current W1 and MN charts:

 Monthly Chart:Long

 Weekly Chart: Looks to have just completed a cycle (needs to be a swing high to confirm) and now will be looking for a few quick shorts.

Assuming this is a weekly cycle end here would be possible retrace points/trade targets.

Any Questions Can be Emailed to:

Market Map Online 

EU D1

Cycle on EU D1 Chart:
Update:Cycle complete
-----Now that we have got a hit on the 50 level I expect this to be a swing high meaning that tomorrows candle will close below today's high. Based on that I will look for a nice sell opportunity on the H1 chart.

 To the recent comment about the 50 level-----I am not a "reasonable" fib puller! I will try and post an exercise or two to help with those of you that are wanting to know how I get the fib pulls I do. I take measurements of other points in order to project the new highs and lows.

 

Cycle Finished.

 

 

The plan: Watch this upcoming 50 level (green line) if we do not make a swing high here (tomorrow candle does not break the high of the current candle) Then we will be ready for some more longs!(to clarify....we need a break of the 50 lvl with out making a pivot candle *which is a swing high in this case*

Something to look at:

If all of these charts look confusing do not worry, this is easier than using moving averages once you start looking at the charts from the correct perspective.


This may be a whole lot different than what you believe about how the market moves, but I will explain what I believe to be true about the market. I do respect any opinion about how the market moves, but this is my take.


Concepts:

--People subconsciously follow the golden ratio:

When the market is moving there are two emotional traits fighting. Fear and greed drive the market up and down and ultimately dictate highs and lows. When greed runs out and fear takes over we get a swing in either direction. This applies to any situation the market faces. People that believe fundamentals are at the core of trading are 100% correct, but what is often overlooked is that price has to stop somewhere. Price eventually stops at golden ratio points. Recently this was seen when the earthquake in japan caused chaos not only in the streets, but in the FX market as well. The market had to stop somewhere, and even though the event could not be predicted, the market could have been. (charts below...also the first chart is the same ratio at play that is currently being used in the EU chart on the page...notice it stops at a .618 level)

 

Same pattern as current EU (stops at .618) This is right as the "chaos" starts.

From another swing low.

And another.

Again.(different high from a different cycle)

Tracking Down:

  

Move down stops spot on.

A not so random low.

These are great examples of the market having to stop "somewhere". If a body of water overflows eventually the water disperses over a large enough area and travels no further. That is the best way I can describe this phenomenon.

--The Past tells the Future:

All of the points used to predict a future point have already occurred. All there is left to do is connect those pieces and find the "missing segment" to make a complete cycle which should = 1 or "whole". This is not to say that all TPs are 1 levels. In fact, many are not. But as we shrink and expand our fib to fit the correct points in the past the golden ratio of .618 shrinks and expands to yield the same patterns over and over again.

--Logic Game: 

In logic games you are given a set of rules and then asked to answer questions about possible outcomes based on the rules given. The golden ratio gives us perfect trades by setting a key rule:

-Once points are found price will reach a new high or new low (depending on direction of trade) before breaking the point we are projecting price from.

The above rule is key to the trades. If we assume that rule to always be true, then you can place a stoploss under the point you are projecting from and take profit at the projected new high or low. This allows you to take the maximum pips out of the market, unlike many other strategies that let many pips go before getting out of a trade or leave you out of the trade as the market continues in what would have been your favor.

 

 This is why I choose to trade using only the golden ratio.

Any Questions Can be Emailed to:

Market Map Online

EU Trade Update

Final Update: Trade Complete

 

Cycle Complete.

 

Update :

Here is another cycle that is at play. Both this cycle and the cycle below will make swing highs (3 candle fractal) at one of the green TPs. Something to keep in mind is that once we realize a TP in the cycle that we have identified, the others are then to be discarded. 

How this works:The market moves in a flow that resembles a "logic game", once the points are identified you then have rules that are able to be traded. An example would be in the above trade: We have been given the last swing high and low (yes it matters which ones you choose) now that the high has been broken we know that the low will not be broken (therefore that is where the stoploss will go) before another high is made (where out TPs are set)

The last chart proved to be a great opportunity to build a few long positions. I am now tracking up with daily targets (green lines) it should stop and make a swing right on one of these....as in this case the "100" lvl is the missing part of the ratio.

Any Questions Can be Emailed to:

Market Map Online 

Current EUR/USD

The brown lines are golden ratio targets.
Looking for a retrace on the 1H. (Picture Below)

 

Just waiting now.... 

You can contact me at any time:
Market Map Online Email

The Future

Welcome to Market Map Online! The market is a much more enjoyable place when you know where price is going. This blog will help get people started trading trading using the golden ratio. The golden ratio is what governs all growth in our universe, and our financial markets are NO different. In the future I will be posting charts and articles that will help you along your path to becoming a successful trader.

You can contact me at any time:
Market Map Online Email