A few weeks back we covered measured moves on trend line breaks using a 2.0 (100% extension). Regular visitors to this site have seen it used in other contexts as well, namely the Golden Ratio (1.618), cited quite a few times in our Quick Charts section, as well as our social media channels. I have also…
I have mentioned several times on this site that keeping a catalog of your past trades and other key concepts in a separate folder on your desktop is a great way to have constant reminders for future activity. But admittedly, doing it this way can be difficult to manage and find what you need in…
I swear I'll keep posting these every day until this gets the attention it deserves.
These concepts are discussed in detail here.
And yes, there are other confluence factors not outlined here.
Click the images to expand.
KISS (Keep It Simple Stupid) is an old expression that, in a nutshell, says: the cleaner, the better. I’m sure many of you are well familiarized with it by now. And don’t we all love simplicity? Of course we do. There is a certain elegance in keeping our lives, trading systems, or just about anything…
Trade makes a proper bounce late in a Friday session from the 1.618 extension of the trend line break.
EUR/USD makes a daily low with trendline and 100% measured move (from the first leg) confluence. This point also coincided with a 23% retracement of the last wave (not shown).
EUR/USD nails and hits the breaks on a 100% measured move of the final pullback low.